Accounts filed on 31-12-2015
Accounts filed on 31-12-2015
trueEspressione International Limited041340462015-12-31199025382090215383003007007002090215382090215382090215386774153227676307027625229451776Basis 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 January 2015).
Turnover
Turnover represents the value of good supplied to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to the balance sheet date based on a proportion of the total consideration. Where payments are received from customers in advance of service provided, the amounts are recorded as Deferred Income and included as part of creditors due within one year.
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:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of fixed assets, and
gains on disposal of fixed assets that have been rolled over into replacement assets, only to the extent that, at the balance sheet
date, there is a binding agreement to dispose of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled over into replacement assets and charged to tax only where the replacement assets are sold.
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.
Ordinary13003003002016-09-29Mr R. A. Paymantruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureEspressione International Limited2015-01-012015-12-31Espressione International Limited2014-01-012014-12-31Espressione International Limited2013-12-31Espressione International Limited2014-12-31Espressione International Limited2014-12-31Espressione International Limited2015-12-31 2016-09-30
