Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueLifetime Opportunity Limited069577332014-07-3141136532999241134832997511-18-1841134832997541134832997541009532941650716608284608113902445570055700016500249852222838012629581612535591253559Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of certain fixed assets, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
The accounts are prepared under the historic cost convention and incorporate the results of the principal activity which is described in the director's report and which is continuing.
The company's principal activity is exposed to inherent uncertainties and global market fluctuations beyond the control of the company's management. The company meets its working capital requirements from its day to day activities in this market place and the director considers that the company will continue to operate on this basis and that it is appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a a downturn in the market in which it operates.
The company has taken advantage of the exemption in Financial Reporting Standard number 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
Investment properties
Fixed asset investments are shown at cost less provision for permanent diminution in value. Current asset investments are shown at the lower of cost and net realisable value.Work in progress
Work in progress is valued at the lower of cost and net realisable value. Long term
work in progress on service contracts extending beyond one accounting period is
valued at net realisable value only where the right to consideration arises during the
accounting period.
Fixed Assets
All fixed assets are initially recorded at cost.
EquipmentReducing balance0.2500217410631111921504417217410631111921504417Ordinary1000110001000Ordinary11112015-04-10Mr N Soodtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLifetime Opportunity Limited2013-08-012014-07-31Lifetime Opportunity Limited2012-08-012013-07-31Lifetime Opportunity Limited2012-07-31Lifetime Opportunity Limited2013-07-31Lifetime Opportunity Limited2013-07-31Lifetime Opportunity Limited2014-07-31 2015-04-30
