Accounts filed on 31-10-2013
Accounts filed on 31-10-2013
trueOcular Imaging LtdNI0668972013-10-3138635335793863733581223863733581386373358124849153473327899528176243426141174220352416813788182341378818234Basis 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 April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.
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.Fixtures & FittingsReducing Balance0.2500737227357314959934553394595737227357314959934553394595Ordinary1000110001000Ordinary12222014-07-25Dr G MahonDr O EarleyDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOcular Imaging Ltd2012-11-012013-10-31Ocular Imaging Ltd2011-11-012012-10-31Ocular Imaging Ltd2011-10-31Ocular Imaging Ltd2012-10-31Ocular Imaging Ltd2012-10-31Ocular Imaging Ltd2013-10-31 2014-07-30
