Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueOverground Records Limited039272262014-03-3116588181461668818246100100166881824616688182461668818246239662398840654422344258577712349129052404723552Basis 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 April 2008).
Turnover
Turnover in the profit and loss account represents the invoiced value of goods and services supplied during the year exclusive of Value Added Tax.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
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 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.Ordinary1001100100Ordinary11001001002014-07-02Mr W J Esplentruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOverground Records Limited2013-04-012014-03-31Overground Records Limited2012-04-012013-03-31Overground Records Limited2012-03-31Overground Records Limited2013-03-31Overground Records Limited2013-03-31Overground Records Limited2014-03-31 2014-11-24
