Accounts filed on 30-09-2016
Accounts filed on 30-09-2016
truePhoenix Generation Limited092229892016-09-30-7496623119-7486623219100100-7486623219-7486623219-7486623219108491517543362574973329835250664222467Basis 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.
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.
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