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2PR Limited
05133899
2015-03-31
-4610
610
-4510
710
100
100
-4510
710
-4510
710
-5150
-144
6076
1696
926
1552
370
530
556
1022
640
854
640
854
Basis 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).
The financial statements for the period ended 31st March 2015 have been prepared on a going concern basis. In making this going concern basis, the director has taken into account the continuing support of the director by ways of his loan, and all available information about the foreseeable future. The period of review is limited to a period of less than one year from the date of approval of these financial statements.
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.
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:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the director considers 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.
Equipment
reducing balance
0.1500
2323
2323
1683
1469
214
2323
2323
1683
1469
214
Ordinary
1000
1
1000
1000
Ordinary
1
100
100
100
2015-11-17
Mr T G Bull
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
2PR Limited
2014-04-01
2015-03-31
2PR Limited
2013-04-01
2014-03-31
2PR Limited
2013-03-31
2PR Limited
2014-03-31
2PR Limited
2014-03-31
2PR Limited
2015-03-31
2015-12-04