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Engineering & Design Solutions Limited
SC460009
2016-08-31
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Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value of goods sold and services provided during the period, stated net of value
added tax. In respect of on-going services, turnover represents the value of work done in accordance with
UITF 40.
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads and profit
based on normal level of activity. Provision is made for any foreseeable losses where appropriate.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Ordinary
1
1
1
1
2017-05-31
Mr S C MacBride
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xbrli:shares
iso4217:GBP
xbrli:pure
Engineering & Design Solutions Limited
2015-09-01
2016-08-31
Engineering & Design Solutions Limited
2014-09-01
2015-08-31
Engineering & Design Solutions Limited
2014-08-31
Engineering & Design Solutions Limited
2015-08-31
Engineering & Design Solutions Limited
2015-08-31
Engineering & Design Solutions Limited
2016-08-31
2017-05-31