Accounts filed on 30-06-2014

trueNAKASERO LIMITED058436132014-06-30-20200-16883-20198-1688122-20198-16881919467325171748563702411919784598339239701024121710189103001272112836471921808147629543924716453902465490Basis 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. GoodwillPositive 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.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 15 years Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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. Fixtures & Fittingsstraight line0.250010106710106753903471656738711617097019170696704802161722281720371911245991176456954Ordinary2000012000020000Ordinary12222015-03-23 Ms J Chamberstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureNAKASERO LIMITED2013-07-012014-06-30NAKASERO LIMITED2012-07-012013-06-30NAKASERO LIMITED2012-06-30NAKASERO LIMITED2013-06-30NAKASERO LIMITED2013-06-30NAKASERO LIMITED2014-06-30 2015-03-25