| 1. Statutory Information |
| ALUNET SYSTEMS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10172250. |
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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. |
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| Presentation Currency |
| The accounts are presented in £ sterling. |
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| Turnover |
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| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have been transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
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| Tangible Fixed Asset Policy |
| Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Land & buildings Straight line over the life of the lease Plant & machinery 33% per annum of cost Motor vehicles 25% per annum of cost Fixtures & fittings 20% per annum of cost |
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| Stock |
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| Stock has been valued at the lower of cost and estimated selling price less costs to complete and sell. |
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| Deferred Tax |
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| Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those on which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.Deferred tax assets and liabilities are not discounted. |
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| Provision for Liabilities |
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| The provision for liabilities includes deferred taxation and a provision for doubtful debts. |
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| Pensions |
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| The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. |
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