Accounts filed on 30-11-2016
Accounts filed on 30-11-2016
trueShackleton Projects Ltd093020922016-11-3010608183531061018355221061018355208356108181871197771693290561249718833294292307016526294291041177910411779Basis 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
Turnover is recognised consistently with the right to receive consideration in exchange for the performance of supplying services.
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, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which 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 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.
EquipmentStraight line0.3333223622361195457738223622361195457738Ordinary2122Ordinary1222Control
The company throughout the year was under the control of S Rosbottom by virtue of his 100% equity share holding.
2017-01-06S Rosbottomtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureShackleton Projects Ltd2015-12-012016-11-30Shackleton Projects Ltd2014-11-102015-11-30Shackleton Projects Ltd2014-11-09Shackleton Projects Ltd2015-11-30Shackleton Projects Ltd2015-11-30Shackleton Projects Ltd2016-11-30 2017-01-18
