Accounts filed on 31-07-2016

true11th Art Limited073837922016-07-31511240490981511340491081100100511340491081511340491081-35662-565825516571744195031516267977687127067475547002547663547002547663Basis 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 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 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. Fixtures & Fittingsreducing balance0.15005491335491332131147066154913354913321311470661Ordinary1001100100Ordinary11001001002017-03-07N J Humpishtruetruetruetruexbrli:sharesiso4217:GBPxbrli:pure11th Art Limited2015-08-012016-07-3111th Art Limited2014-08-012015-07-3111th Art Limited2014-07-3111th Art Limited2015-07-3111th Art Limited2015-07-3111th Art Limited2016-07-31 2017-04-11