1. Statutory Information |
NEEDWOOD GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 10102648. |
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2. Accounting Policies |
Basis of preparing the Financial Statements |
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Presentation Currency |
The accounts are presented in £ sterling. |
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Turnover |
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Turnover is measure at fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the cost incurred in respect of the transactions can be measured reliably. |
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