true Tebco (Motor Factors) Limited 00900058 2015-04-05 14104 7797 14204 7897 100 100 14204 7897 15317 0 29521 7897 15563 -896 14228 18118 29791 17222 4312 3554 16443 5050 9036 8618 13958 8793 13958 8793 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 34258 8680 28980 25465 3515 42938 34258 8680 28980 25465 3515 Ordinary 100 1 100 100 Ordinary 1 100 100 100 2015-10-28 Miss T S Dynes true true true true xbrli:shares iso4217:GBP xbrli:pure Tebco (Motor Factors) Limited 2014-04-06 2015-04-05 Tebco (Motor Factors) Limited 2013-04-06 2014-04-05 Tebco (Motor Factors) Limited 2013-04-05 Tebco (Motor Factors) Limited 2014-04-05 Tebco (Motor Factors) Limited 2014-04-05 Tebco (Motor Factors) Limited 2015-04-05 2015-12-15