Accounts filed on 31-10-2016
Accounts filed on 31-10-2016
trueLondon Quant Limited063045222016-10-31477155462747715546274771554627477155462747714546263398200075111274633143417649678744571111Basis 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.
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 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.
Equipmentstraight line0.2500375037503749374937503750374937492017-07-21Mr J E Fishwicktruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLondon Quant Limited2015-11-012016-10-31London Quant Limited2014-11-012015-10-31London Quant Limited2014-10-31London Quant Limited2015-10-31London Quant Limited2015-10-31London Quant Limited2016-10-31 2017-07-21
