| 1. Statutory Information |
| GENIE INSIGHTS LTD is a private company, limited by shares, registered in Northern Ireland, registration number NI642560. |
|
| 2. Accounting Policies |
| Basis of preparing the Financial Statements |
| The financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. In accordance with those provisions the profit and loss account has not been delivered to the Registrar of Companies. The disclosure requirements of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The financial statements have been prepared under the historical cost convention. |
|
| Presentation Currency |
| The accounts are presented in £ sterling. |
|
| Turnover |
|
| Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. Where the outcome cannot be estimated reliably, revenue is recognised only where it is probable that expenses recognised will be recovered. |
|