Accounts filed on 31-10-2016

trueJ Cornish Ltd092684072016-10-3150617250627311506273506273-3818-991794501592656326009473051909028198880999088809990Basis 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. In the case of long term and ongoing contracts, turnover includes the value of work done in the year, including estimates of the value of work not yet invoiced. Turnover in respect of long term and ongoing contracts is recognised and valued by reference to the stage of completion. Amortisation Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Goodwill-10% straight line 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. Financial Instruments Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. 11100111002220111011101110011100222011101110Ordinary1111Ordinary11112017-06-05Mr J Cornishtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureJ Cornish Ltd2015-11-012016-10-31J Cornish Ltd2014-11-012015-10-31J Cornish Ltd2014-10-31J Cornish Ltd2015-10-31J Cornish Ltd2015-10-31J Cornish Ltd2016-10-31 2017-06-12