Accounts filed on 31-12-2014
Accounts filed on 31-12-2014
trueOXYDES AND MINERALS COMPANY LIMITED032957092014-12-318847884789478947100100894789478947894789478947100521005218999189991899918999Basis 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).
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.
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.
Ordinary1000001100000100000Ordinary11001001002015-09-30Helen Anita Jacksontruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOXYDES AND MINERALS COMPANY LIMITED2014-01-012014-12-31OXYDES AND MINERALS COMPANY LIMITED2013-01-012013-12-31OXYDES AND MINERALS COMPANY LIMITED2012-12-31OXYDES AND MINERALS COMPANY LIMITED2013-12-31OXYDES AND MINERALS COMPANY LIMITED2013-12-31OXYDES AND MINERALS COMPANY LIMITED2014-12-31 2015-09-30
