Accounts filed on 31-08-2016

truePeach T.V. Limited042654242016-08-3192046992147011921470045469215016-10294-106532123318627109397974109397394058011215156691121515669Basis 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 Turnover is stated net of VAT. Turnover from the supply of goods represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the services provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within one year. Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets are recognised to the extent that it regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted. 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.Plant & MachineryReducing balance0.3300EquipmentReducing balance0.2500840888408872873684194454840888408872873684194454Ordinary1000110001000Ordinary11112017-05-25Mr R Perrytruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePeach T.V. Limited2015-09-012016-08-31Peach T.V. Limited2014-09-012015-08-31Peach T.V. Limited2014-08-31Peach T.V. Limited2015-08-31Peach T.V. Limited2015-08-31Peach T.V. Limited2016-08-31 2017-05-31