Accounts filed on 31-10-2016
Accounts filed on 31-10-2016
truePurple Videos Limited049441852016-10-3162961098662981098822629810988583575701213318558-15788-6432186308598284221662397569445159727921249902792124990Basis 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.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
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.Motor VehiclesReducing balance0.2500EquipmentReducing balance0.200049168400379814-68321247150476273-7349168400379814-6832124715047-736273Ordinary1001100100Ordinary12222017-01-30A W Towerstruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePurple Videos Limited2015-11-012016-10-31Purple Videos Limited2014-11-012015-10-31Purple Videos Limited2014-10-31Purple Videos Limited2015-10-31Purple Videos Limited2015-10-31Purple Videos Limited2016-10-31 2017-01-30
