Accounts filed on 05-04-2014

truePrint 40 Limited054388272014-04-053039772949743040772950741001003040772950741600360001480030567731347429408929097144399280133384883189843753250030012003461531648411588225031158822503Basis 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 represents the value of goods sold and services provided net of value added tax. Hire purchase agreements Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis. Finance lease agreements Where the company enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated in accordance with the above depreciation policies. Future instalments under such leases, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element, which is charged to the profit and loss account on a straight line basis, and the capital element which reduces the outstanding obligation for future instalments. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date. 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. EquipmentMethod for Equipment0.00007006366363370058475438601461570063663633700584754386014615Ordinary1000110001000Ordinary11001001002014-07-28P C Jowetttruetruetruetruexbrli:sharesiso4217:GBPxbrli:purePrint 40 Limited2013-04-062014-04-05Print 40 Limited2012-04-062013-04-05Print 40 Limited2012-04-05Print 40 Limited2013-04-05Print 40 Limited2013-04-05Print 40 Limited2014-04-05 2014-12-18