Accounts filed on 31-12-2015

trueOLD LIMITED028373492015-12-312162721194604321628211946143100100216282119461432450275021652711948893215305119351422575956929612410646262810320039317216221351802377948750737799312220137511222013751Basis 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 The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax. Stocks Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 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 will result in an obligation to pay more, or a right to pay less or receive more tax. 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.Fixtures & Fittings0.0000Equipment0.0000 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. 331633316320943194121531331633316320943194121531Equity ordinary1000011000010000Equity ordinary1100100100Creditors - capital instruments The above liabilities comprise bank loans.Post balance sheet eventsOn 30 September 2016 the director has recommended and approved the payment of dividend of £135,000.2016-10-31R Okuniewtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOLD LIMITED2015-01-012015-12-31OLD LIMITED2014-01-012014-12-31OLD LIMITED2013-12-31OLD LIMITED2014-12-31OLD LIMITED2014-12-31OLD LIMITED2015-12-31 2016-10-31