Accounts filed on 28-02-2015
Accounts filed on 28-02-2015
trueProto Magic Innovations Limited030266612015-02-28205332359120535235932220535235932053523593205352359312203311481414256813840756340871248622851283Basis 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.
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.
Plant & Machinerystraight line0.1400Fixtures & Fittingsstraight line0.1000Equipmentstraight line0.330028512851285128512851285128512851Ordinary1000110001000Ordinary12222015-11-26I PontingG DaleDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureProto Magic Innovations Limited2014-03-012015-02-28Proto Magic Innovations Limited2013-03-012014-02-28Proto Magic Innovations Limited2013-02-28Proto Magic Innovations Limited2014-02-28Proto Magic Innovations Limited2014-02-28Proto Magic Innovations Limited2015-02-28 2015-11-27
