Accounts filed on 31-03-2015
Accounts filed on 31-03-2015
trueGreen Olive Media Limited04982032844 5774 932015-03-31829383782852829385782854228293857828542491076829634783930800048750043871284689288717679693520483392038666937577322958633887322375242636326363Basis 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).
Cash flow statement
In the opinion of the directors the company qualifies as a small company and accordingly a cash flow
statement is not required.
Turnover
Turnover comprises the value of sales of goods provided in the normal course of business, excluding Value Added Tax, similar taxes and trade discounts.
Revenue is recognised when the goods are despatched, which is the same day on which goods are delivered and hence the point at which the risks and rewards of ownership pass to the buyer.
Turnover comprises the value of services provided in the normal course of business, excluding Value Added Tax, similar taxes and trade discounts.
Turnover in respect of service contracts is recognised when the company obtains the right to receive consideration for services provided.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where
transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be
suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences
reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Plant & MachineryStraight Line0.2500Fixtures & FittingsStraight Line0.2000Motor VehiclesStraight Line0.2500Computer EquipmentStraight Line0.3333
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.
6883968839656166131543012636326363952029520265616613154301Ordinary1000110001000Ordinary12222015-12-24Mr A T WilkieMr A J ThomasDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureGreen Olive Media Limited2014-04-012015-03-31Green Olive Media Limited2013-04-012014-03-31Green Olive Media Limited2013-03-31Green Olive Media Limited2014-03-31Green Olive Media Limited2014-03-31Green Olive Media Limited2015-03-31 2015-12-28
