Accounts filed on 30-11-2014
Accounts filed on 30-11-2014
trueOnyx Ventures Limited078498792014-11-30-12102-12102-12101-1210111-12101-12101-12101-12101-12701-12701127221272221212121600600600600Basis 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.
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.
Fixed Assets
All fixed assets are initially recorded at cost.
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 Equipment0.00001200120060060012001200600600Ordinary11112015-08-27J Wisetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOnyx Ventures Limited2013-12-012014-11-30Onyx Ventures Limited2012-12-012013-11-30Onyx Ventures Limited2012-11-30Onyx Ventures Limited2013-11-30Onyx Ventures Limited2013-11-30Onyx Ventures Limited2014-11-30 2015-08-28
