Accounts filed on 31-07-2014
Accounts filed on 31-07-2014
trueTiger Nation Ltd077071142014-07-31-49262-94063953215052013266713266711916119169532150520775060000103071110520670115854765619114617204046141146125901024019893510228898794113141Basis 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.
Platform
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets
acquired as part of an acquisition of a business are capitalised separately from goodwill if the fair
value can be measured reliably on initial recognition, subject to the constraint that, unless the asset
has a readily ascertainable market value, the fair value is limited to an amount that does not create or
increase any negative goodwill arising on the acquisition. Intangible assets, excluding development costs,
created within the business are not capitalised and expenditure is charged against profits in the year in
which it is incurred.
Intangible assets are amortised on a straight line basis over their estimated useful lives up to a maximum
of 20 years. The carrying value of intangible assets is reviewed for impairment at the end of the first full
year following acquisition and in other periods if events or changes in circumstances indicate the carrying
value may not be recoverable.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Intangible Assets
Amortisation will be applied when the development is complete.
EquipmentReducing Balance0.200010228898794349422522511284281025139901934941128428Ordinary A Shares7266717266772667Ordinary B Shares480001.256000060000Ordinary A Shares1726677266772667Ordinary B Shares1.256000060000480002015-04-27MR J MatthewsMr A MasonDirectorMr H TyabjiDirectorMr G MichalakidisDirectorMr A SankhalaDirectorMr R HolmstromDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureTiger Nation Ltd2013-08-012014-07-31Tiger Nation Ltd2012-08-012013-07-31Tiger Nation Ltd2012-07-31Tiger Nation Ltd2013-07-31Tiger Nation Ltd2013-07-31Tiger Nation Ltd2014-07-31 2015-04-30
