Accounts filed on 28-02-2015
Accounts filed on 28-02-2015
trueMalcolm Innes Gallery Ltd010778502015-02-28-727160-627260100100-627260-627260-62726014903408636000100863500Basis 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.
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.Ordinary7500175007500Ordinary11001001002015-09-02JAF Rountreetruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureMalcolm Innes Gallery Ltd2014-03-012015-02-28Malcolm Innes Gallery Ltd2013-03-012014-02-28Malcolm Innes Gallery Ltd2013-02-28Malcolm Innes Gallery Ltd2014-02-28Malcolm Innes Gallery Ltd2014-02-28Malcolm Innes Gallery Ltd2015-02-28 2015-09-03
