Accounts filed on 30-09-2013

trueMusicalia Ltd082075962013-09-30879979100979979-164626429964095626252625Basis 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). Revenue recognition Turnover comprises sales of Music consultancy and related services to external customers after discounts, excluding Value Added Tax. Sales are recognised on consultancy by reference to the basis of work done over the period of the contract. Sales of related services are recognised upon commencement of the specified work. 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.Fixtures & FittingsMethod for Fixtures & fittings0.0000 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. 3500350087587535003500875875Ordinary10011000Ordinary11001002014-07-31 N F Calado Dias Da Fonsecatruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMusicalia Ltd2012-09-102013-09-30Musicalia Ltd2011-10-012012-09-09Musicalia Ltd2011-09-30Musicalia Ltd2012-09-09Musicalia Ltd2012-09-09Musicalia Ltd2013-09-30 2014-08-01