Accounts filed on 31-07-2016
Accounts filed on 31-07-2016
trueLJB Promotions Limited069774302016-07-3113643579039241364358903925111364358903925136435890392513643579039241618588881515262159927392600064844140430291177395913161221111Basis 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.
Intangible - B/Fwd
Intangible assets acquired separately from a business are capitalised at cost. Intangible assets
acquired as part of an acquisition of a business are capitalised separately from goodwill if the fair
value can be measured reliably on initial recognition, subject to the constraint that, unless the asset
has a readily ascertainable market value, the fair value is limited to an amount that does not create or
increase any negative goodwill arising on the acquisition. Intangible assets, excluding development costs,
created within the business are not capitalised and expenditure is charged against profits in the year in
which it is incurred.
Intangible assets are amortised on a straight line basis over their estimated useful lives up to a maximum
of 20 years. The carrying value of intangible assets is reviewed for impairment at the end of the first full
year following acquisition and in other periods if events or changes in circumstances indicate the carrying
value may not be recoverable.
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.
1111Ordinary1111Ordinary1111At the year end, the company owed L J Baines £24,420 (2015 - £24,420).
This loan is interest free with no fixed date for repayment.Control
During the year, the company was under the control of L J Baines, by virtue of his 100% shareholding.2017-03-07L J Bainestruetruetruetruexbrli:sharesiso4217:GBPxbrli:pureLJB Promotions Limited2015-08-012016-07-31LJB Promotions Limited2014-08-012015-07-31LJB Promotions Limited2014-07-31LJB Promotions Limited2015-07-31LJB Promotions Limited2015-07-31LJB Promotions Limited2016-07-31 2017-04-21
