Accounts filed on 31-03-2015

trueVola Ltd060220502015-03-3126673161512667516153222667516153266751615326675160532307020974497453702722872527474583450001000100Basis 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. 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. EquipmentStraight Line Basis0.2500439439439339100439439439339100A Ordinary5155B Ordinary5155A Ordinary1111B Ordinary11112015-11-27Mr D Phillipstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureVola Ltd2014-04-012015-03-31Vola Ltd2013-04-012014-03-31Vola Ltd2013-03-31Vola Ltd2014-03-31Vola Ltd2014-03-31Vola Ltd2015-03-31 2015-12-01