IPEX Consulting Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 04897402

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

IPEX CONSULTING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

M B Wilson

Mrs S A Wilson

D Moorhouse

D Chasemore

REGISTERED OFFICE:

3 Oakfield Court

Oakfield Road

Clifton

Bristol

BS8 2BD

REGISTERED NUMBER:

04897402

ACCOUNTANTS:

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

FIXED ASSETS

Tangible assets

2

2,218

963

CURRENT ASSETS

Debtors

111,518

257,282

Cash at bank

154,191

111,681

265,709

368,963

CREDITORS

Amounts falling due within one year

65,418

123,594

NET CURRENT ASSETS

200,291

245,369

TOTAL ASSETS LESS CURRENT LIABILITIES

202,509

246,332

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit & Loss Account

202,409

246,232

SHAREHOLDERS' FUNDS

202,509

246,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 16 January 2015 and were signed on its behalf by:

M B Wilson - Director

1.	ACCOUNTING POLICIES

Accounting convention

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).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

8,490

Additions

2,170

At 31 August 2014

10,660

DEPRECIATION

At 1 September 2013

7,527

Charge for year

915

At 31 August 2014

8,442

NET BOOK VALUE

At 31 August 2014

2,218

At 31 August 2013

963

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

£

100

Ordinary

£1

100

100

On the 14th of February the 100 £1 ordinary shares were subdivided into 10,000 £.0.01 ordinary

shares.

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 August 2014 and

the period ended 31 August 2013:

31.8.14

31.8.13

£

£

M B Wilson and Mrs S A Wilson

Balance outstanding at start of year

196,020

196,020

Amounts repaid

(196,020

)

-

Balance outstanding at end of year

-

196,020

The following reproduces the text of the report prepared for the directors in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 31 August 2014 set out on pages nil to nil and you consider that the company is exempt from an

audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and

explanations supplied to us.

PJE Chartered Accountants

4 Clifton Road

Clifton

Bristol

BS8 1AG

2 February 2015