Accounts filed on 31-07-2015
Accounts filed on 31-07-2015
true11th Art Limited073837922015-07-31490981481287491081481387100100491081481387491081481387-56582-636697174477863151621419476871003747513191547663545056547663545056Basis 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 the realisable value of work undertaken during the year, exclusive of Value Added Tax.
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.
Fixtures & Fittingsreducing balance0.15005491335457483385147069277854913354574833851470692778Ordinary1001100100Ordinary11001001002016-04-18N J Humpishtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pure11th Art Limited2014-08-012015-07-3111th Art Limited2013-08-012014-07-3111th Art Limited2013-07-3111th Art Limited2014-07-3111th Art Limited2014-07-3111th Art Limited2015-07-31 2016-04-27
