Accounts filed on 30-09-2016
Accounts filed on 30-09-2016
trueMGA Developments Limited05949638985 1622 942016-09-3029404294672940629469222940629469294062946929406294693035523035513329583330202124232089331200001200005354087Basis 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).
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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.
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