Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueEducational Advantage Limited05903297880 2080 402015-03-31247878137116248278137516400400248278137516248278137516226626124983246421273797473047398780181725203260218645134262726776125821652125332165212533Basis 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.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.
Provisions for liabilities and charges
Provisions for the expected costs of maintenance under guarantees are charged against profits when
products have been invoiced. The effect of the time value of money is not material and therefore
the provisions are not discounted.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.EquipmentMethod for Equipment0.0000Moulds - Cost B/FwdStraight line0.2500
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
674224384123581457703130814462674224384123581457703130814462Ordinary5001500500Ordinary "A" non voting1000110001000Ordinary " B" non voting1000110001000Ordinary1200200200Ordinary "A" non voting1100100100Ordinary " B" non voting11001001002015-07-28Mr R HardstaffMr C A DowlingDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEducational Advantage Limited2014-04-012015-03-31Educational Advantage Limited2013-04-012014-03-31Educational Advantage Limited2013-03-31Educational Advantage Limited2014-03-31Educational Advantage Limited2014-03-31Educational Advantage Limited2015-03-31 2015-08-06
