Accounts filed on 31-12-2014

trueIAGTO Limited035076782014-12-31835292680505835294680507228352946805078352946805076470954904462430962337218901917241676441491519825777632648188199190061188199190061Basis 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. Depreciation Long lease assets , assets leased for over 50 years, are not depreciated as any potential depreciation charge and its impact on the financial statements will be immaterial. An annual review for sings of impairment is carried out and any significant changes to the asset value is reflected in the financial statements. 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. Fixtures & FittingsMethod for Fixtures & fittings0.0000 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. 256736255031170568537649703567256736255031170568537649703567Ordinary1000000.0110001000Ordinary0.0122200The company was under the control of Mr P Walton, Mr G Greenwood and Mr C Carugati throughout the current and previous year by virtue of their directorship and shareholding. During the year dividends of £118,500 were paid (2013: £115,000). No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (effective April 2008).2015-05-28Mr P Waltontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureIAGTO Limited2014-01-012014-12-31IAGTO Limited2013-01-012013-12-31IAGTO Limited2012-12-31IAGTO Limited2013-12-31IAGTO Limited2013-12-31IAGTO Limited2014-12-31 2015-08-26