Accounts filed on 31-03-2014
Accounts filed on 31-03-2014
trueInstitute of Videography Limited026231692014-03-315036106655036106655036106655036106654920105931937424430242943502356471205750050018147224661167211672Basis of accounting
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of financial instruments, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over
the useful economic life of that asset as follows:
Website Sponsorship-straight line over the estimated life of the asset
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.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Plant & MachineryMethod for Plant & equipment0.0000EquipmentMethod for Equipment0.00008500850085008500267825968225622524381117811096821106211024382014-11-28S Abramstruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureInstitute of Videography Limited2013-04-012014-03-31Institute of Videography Limited2012-04-012013-03-31Institute of Videography Limited2012-03-31Institute of Videography Limited2013-03-31Institute of Videography Limited2013-03-31Institute of Videography Limited2014-03-31 2014-12-22
