ISOFAST LIMITED |
Registered number: |
06257673 |
Abbreviated Balance Sheet |
as at 31 May 2014 |
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
4,930 |
|
|
6,440 |
|
Current assets |
Stocks |
|
|
15,297 |
|
|
13,560 |
Debtors |
|
|
55,250 |
|
|
65,507 |
Cash at bank and in hand |
|
|
70,667 |
|
|
53,659 |
|
|
|
141,214 |
|
|
132,726 |
|
Creditors: amounts falling due within one year |
|
|
(139,068) |
|
|
(132,173) |
|
Net current assets |
|
|
|
2,146 |
|
|
553 |
|
Net assets |
|
|
|
7,076 |
|
|
6,993 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
6,976 |
|
|
6,893 |
|
Shareholder's funds |
|
|
|
7,076 |
|
|
6,993 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
P Hurst |
Director |
Approved by the board on 27 February 2015 |
|
ISOFAST LIMITED |
Notes to the Abbreviated Accounts |
for the year ended 31 May 2014 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
25% straight line |
|
0 |
|
|
0 |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 June 2013 |
12,314 |
|
Additions |
2,092 |
|
At 31 May 2014 |
14,406 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 June 2013 |
5,874 |
|
Charge for the year |
3,602 |
|
At 31 May 2014 |
9,476 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2014 |
4,930 |
|
At 31 May 2013 |
6,440 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|