Accounts filed on 29-02-2016
Accounts filed on 29-02-2016
trueOPM Consulting Limited055569252016-02-291012311633102231173310010010223117331022311733-3800-877728216336052441624828241972454721928114023205101402320510Basis 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 January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
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.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
Motor VehiclesMethod for Motor vehicles0.0000EquipmentMethod for Equipment0.0000309503095016927104406487309503095016927104406487Ordinary1000110001000Ordinary11001001002016-11-30P A Westerntruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureOPM Consulting Limited2015-03-012016-02-29OPM Consulting Limited2014-03-012015-02-28OPM Consulting Limited2014-02-28OPM Consulting Limited2015-02-28OPM Consulting Limited2015-02-28OPM Consulting Limited2016-02-29 2016-11-30
