true
Lotus Building Solutions Limited
08300209
2016-03-31
14973
16582
14974
16583
1
1
14974
16583
14974
16583
13734
13875
58565
49206
72299
63081
7396
0
60
500
64843
62581
1240
2708
0
1250
1240
1458
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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Goodwill-Straight Line Over 4 Years
Work in progress
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
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.
Equipment
Reducing Balance
0.1500
5000
5000
5000
3750
1250
2013
2013
773
555
218
7013
7013
5773
4305
1468
Ordinary
1000
1
1000
1000
Ordinary
1
1
1
1
2016-07-27
Mr M Leslie
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Lotus Building Solutions Limited
2015-04-01
2016-03-31
Lotus Building Solutions Limited
2014-04-01
2015-03-31
Lotus Building Solutions Limited
2014-03-31
Lotus Building Solutions Limited
2015-03-31
Lotus Building Solutions Limited
2015-03-31
Lotus Building Solutions Limited
2016-03-31
2016-07-29