For the year ended 30 June 2015
Unaudited Abbreviated Report and Financial Statements
Scotland
Registered Number: SC299713
Notes to the Abbreviated Financial Statements
|
Stonebranch UK Limited
For the year ended 30 June 2015
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange
|
ruling at the balance sheet date
.
Transactions in foreign currencies are recorded at the rate ruling at the date of the
|
transaction
.
All foreign exchange differences are included to the profit and loss account
.
|
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
2,937
949
3,886
2,594
2,594
1,292
343
2 of 3
Notes to the Abbreviated Financial Statements
|
Stonebranch UK Limited
For the year ended 30 June 2015
Debtors include an amount of £
60608
(
2014
:
£
0
)
falling due after more than one year
|
Allotted called up and fully paid
|
2015
2014
1
,
000
Ordinary shares of £
1
.
00
each
|
1,000
1,000
1,000
1,000
3 of 3