Accounts filed on 31-10-2018


Registered number: 05587208






Iley Limited


ACCOUNTS

FOR THE YEAR ENDED 31/10/2018
























Prepared By:
GT Accountants Limited
Chartered Certified Accountants
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke-on-Trent
Staffordshire
ST6 1DY


ACCOUNTS
FOR THE YEAR ENDED 31/10/2018





DIRECTORS
Linda Bailey
Martin Bailey


REGISTERED OFFICE
13 Daisybank Drive
Sandbach
Cheshire
CW11 4JR


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05587208



ACCOUNTANTS
GT Accountants Limited
Chartered Certified Accountants
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke-on-Trent
Staffordshire
ST6 1DY


BALANCE SHEET AT 31/10/2018

			2018		2017
	Notes		£		£

FIXED ASSETS
Tangible assets	3		516		1,547

CURRENT ASSETS
Debtors	4	-		1,854
Cash at bank and in hand		6,874		21,119
		6,874		22,973
CREDITORS: Amounts falling due within one year	5	3,456		19,687
NET CURRENT ASSETS			3,418		3,286
TOTAL ASSETS LESS CURRENT LIABILITIES			3,934		4,833


CREDITORS: Amounts falling due after more than one year	6		10,000		-

NET (LIABILITIES) / ASSETS			(6,066)		4,833

CAPITAL AND RESERVES

Called up share capital	7		100		100
Profit and loss account			(6,166)		4,733
SHAREHOLDERS' FUNDS			(6,066)		4,833

For the year ending 31/10/2018 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 25/03/2019 and signed on their behalf by



.............................
Linda Bailey
Director



.............................
Martin Bailey
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Going Concern
These financial statements have not been prepared on the going concern basis. The business ceased to trade on 31 October 2018. The directors anticipate all assets to be recovered at their book values and all liabilities being settled with the exception of the directors loan account which will have a shortfall.




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment		straight line 33.33%




1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.




4. DEBTORS	2018	2017
	£	£

Amounts falling due within one year:
Trade debtors	-	1,016
Other Tax	-	838
	-	1,854




5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2018	2017
	£	£
Directors current account	1,954	18,667
Other creditors	311	-
Accruals	1,191	1,020
	3,456	19,687




6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2018	2017
	£	£
Other creditors	10,000	-
	10,000	-


Included in other creditors are:




7. SHARE CAPITAL	2018	2017
	£	£
Allotted, issued and fully paid:
100 Ordinary shares of £1 each	100	100
	100	100