Accounts filed on 31-05-2016

trueCandesic Limited044338492016-05-31298937215477298983215523464629898321552329898321552329260020955872769355566510202937652238971636322391231301329846383596563835965Basis 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. 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 balance0.1500Computer 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. 21778198091969153951384415512177819809196915395138441551Ordinary 'A' shares10000.011010Ordinary 'B' shares10000.011010Ordinary 'A' shares0.0130303002Ordinary 'B' shares0.01161615502017-02-20Dr L Shapirotruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureCandesic Limited2015-06-012016-05-31Candesic Limited2014-06-012015-05-31Candesic Limited2014-05-31Candesic Limited2015-05-31Candesic Limited2015-05-31Candesic Limited2016-05-31 2017-02-21