Accounts filed on 31-10-2015
Accounts filed on 31-10-2015
truePaideia Limited047410132015-10-3111750111850100100111850111850468915937990915941105981566780962742502107161107161Basis 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 period.
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.
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 ir 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.
Equipment33% reducing balance method0.0000338333833276322254338333833276322254Ordinary9019090A Ordinary Shares1011010Ordinary1909090A Ordinary Shares11010102017-02-23Mr J H D Livestrotruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePaideia Limited2015-05-012015-10-31Paideia Limited2014-05-012015-04-30Paideia Limited2014-04-30Paideia Limited2015-04-30Paideia Limited2015-04-30Paideia Limited2015-10-31 2017-02-23