Accounts filed on 31-03-2016
Accounts filed on 31-03-2016
trueOcat Cloud Apps Limited065252832016-03-31-8380-6872-8280-6772100100-8280-6772-8280-6772-8280-677215946571467666503746262494350050090444931Basis 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.
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.
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.
Computer Equipmentstraight line0.3300
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.
400400400400400400400400Ordinary1000110001000Ordinary1100100100Going concernGoing concern
The company is dependent upon continued financial support from the director and her associates to be able to maintain trading. Further support has been indicated until at least 31 December 2016 and the accounts have therefore been prepared on a going concern basis.2016-12-23A M Howardtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOcat Cloud Apps Limited2015-04-012016-03-31Ocat Cloud Apps Limited2014-04-012015-03-31Ocat Cloud Apps Limited2014-03-31Ocat Cloud Apps Limited2015-03-31Ocat Cloud Apps Limited2015-03-31Ocat Cloud Apps Limited2016-03-31 2016-12-23
