Accounts filed on 31-05-2016


truePRR Management Consultancy Ltd090377672016-05-31551885404455388542442002005538854244553885424454849534441984931742746988518626390209272500002330864259539800539800Basis 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. Work in progress Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress. 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. EquipmentMethod for Equipment0.0000 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. 1409120020987040047014091200209870400470Ordinary1001100100Ordinary A5015050Ordinary B5015050Ordinary1100100100Ordinary A1505050Ordinary B15050502017-02-28Mr P R RichardsonMrs E RichardsonDirectortruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePRR Management Consultancy Ltd2015-06-012016-05-31PRR Management Consultancy Ltd2014-05-132015-05-31PRR Management Consultancy Ltd2014-05-12PRR Management Consultancy Ltd2015-05-31PRR Management Consultancy Ltd2015-05-31PRR Management Consultancy Ltd2016-05-31 2017-02-28