Accounts filed on 31-10-2014
Accounts filed on 31-10-2014
truePrimitivo Limited034223222014-10-31-23545-26959-23543-2695722-23543-2695702118-23543-24839-51334-511167986377330285292621440658429207421728537225002779126277112779026276Basis 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.
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-20% p.a. straight line basis
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.
Land & BuildingsMethod for Freehold property0.0000Fixtures & FittingsMethod for Fixtures & fittings0.0000Motor VehiclesMethod for Motor vehicles0.00005000050000499994999974946646591028747156383838773124946114659102879715588382877302118Ordinary5000015000050000Ordinary12222015-07-07P K Sagootruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePrimitivo Limited2013-11-012014-10-31Primitivo Limited2012-11-012013-10-31Primitivo Limited2012-10-31Primitivo Limited2013-10-31Primitivo Limited2013-10-31Primitivo Limited2014-10-31 2015-07-16
