true
Efuse Telecom Ltd
07680875
2015-06-30
13022
52451
13102
52531
80
80
13102
52531
73333
0
86435
52531
17936
-19191
254240
79792
272176
60601
241635
40958
30541
19643
68499
71722
30000
30000
38499
41722
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.
Goodwill
Positive purchased goodwill arising on acquisitions is capitalised, classified as an asset on the Balance Sheet and amortised over its useful economic life. Where a reliable estimate of the useful
life of goodwill or intangible assets cannot be made, the life is presumed not to exceed five years. Useful
ecomonic lives are reviewed at the end of each reporting period and revised if necessary, subject to the
constraint that the revised life shall not exceed 20 years from the date of acquisition. The carrying amount
at the date of revision is depreciated over the revised estimate of remaining useful economic life.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Fixtures & Fittings
Reducing balance
0.2000
Equipment
Reducing balance
0.2000
30000
30000
59933
53531
6402
21434
11809
9625
89933
83531
6402
21434
11809
9625
73333
0
Ordinary
80
1
80
80
Ordinary
1
80
80
80
2016-01-26
Mr LT Murphy
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Efuse Telecom Ltd
2014-07-01
2015-06-30
Efuse Telecom Ltd
2013-07-01
2014-06-30
Efuse Telecom Ltd
2013-06-30
Efuse Telecom Ltd
2014-06-30
Efuse Telecom Ltd
2014-06-30
Efuse Telecom Ltd
2015-06-30
2016-01-26