true Tebco (Motor Factors) Limited 00900058 2016-04-05 13151 14104 13251 14204 100 100 13251 14204 11823 15317 25074 29521 13922 15563 23244 14228 37166 29791 4157 4312 12334 16443 20675 9036 11152 13958 11152 13958 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 April 2008). Turnover The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Operating lease agreements Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease. Fixed Assets All fixed assets are initially recorded at cost. Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Land & Buildings Reducing Balance method at 0.2000 Plant & Machinery Reducing Balance method at 0.2000 Fixtures & Fittings Reducing Balance method at 0.2000 Equipment Reducing Balance method at 0.2500 42938 42938 31786 28980 2806 42938 42938 31786 28980 2806 Ordinary 100 1 100 100 Ordinary 1 100 100 100 2017-01-03 Miss T S Dynes true true true true xbrli:shares iso4217:GBP xbrli:pure Tebco (Motor Factors) Limited 2015-04-06 2016-04-05 Tebco (Motor Factors) Limited 2014-04-06 2015-04-05 Tebco (Motor Factors) Limited 2014-04-05 Tebco (Motor Factors) Limited 2015-04-05 Tebco (Motor Factors) Limited 2015-04-05 Tebco (Motor Factors) Limited 2016-04-05 2017-01-05