Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueSee No Evil Distributions Limited71954162016-03-31-4645-829-4644-82811-4644-828-4644-828-4644-8281957924196142319532801960595193189519345552138526040Basis 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).
In adopting the Financial Reporting Standard for Smaller Entities (effective January 2015), it was not necessary to change any accounting policies and no prior period adjustment was required. Hence there has been no effect on the results for the current period in adopting the new Financial Reporting Standard for Smaller Entities.
Going Concern
The financial statements have been prepared on a going concern basis on the assumption that there will be continued financial support from the directors and shareholders.
Consolidation
In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the
exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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.
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.
Ordinary1001100100Ordinary11112016-11-28Mr Deepak Nayartruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureSee No Evil Distributions Limited2015-04-012016-03-31See No Evil Distributions Limited2014-04-012015-03-31See No Evil Distributions Limited2014-03-31See No Evil Distributions Limited2015-03-31See No Evil Distributions Limited2015-03-31See No Evil Distributions Limited2016-03-31 2016-12-07
