INK EXCHANGE LTD Accounts filed on 30-11-2013

INK EXCHANGE LTD Accounts filed on 30-11-2013

INK EXCHANGE LTD - Company Information

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INK EXCHANGE LTD




Company Registration Number:
04540363 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st December 2012

End date: 30th November 2013

SUBMITTED

INK EXCHANGE LTD

Company Information
for the Period Ended 30th November 2013




Director: Mr P Knowles
Mrs L A Knowles
Mr D Kaye
Mrs L Kaye
Company secretary: Mr P Knowles
Registered office: 3 Aylsham Crescent
Aylsham Road
Norwich
Norfolk
NR3 2RZ
Company Registration Number: 04540363 (England and Wales)

INK EXCHANGE LTD

Abbreviated Balance sheet
As at 30th November 2013

Notes 2013
£		 2012
£
Fixed assets
Intangible assets: 2 1,000 2,000
Tangible assets: 3 14,278 17,651
Total fixed assets: 15,278 19,651
Current assets
Stocks: 2,500 4,000
Debtors: 36,897 36,148
Cash at bank and in hand: 8,768 11,299
Total current assets: 48,165 51,447
Creditors
Creditors: amounts falling due within one year 46,761 56,535
Net current assets (liabilities): 1,404 ( 5,088 )
Total assets less current liabilities: 16,682 14,563
Creditors: amounts falling due after more than one year: 14,822 9,067
Total net assets (liabilities): 1,860 5,496

The notes form part of these financial statements

INK EXCHANGE LTD

Abbreviated Balance sheet
As at 30th November 2013
continued

Notes 2013
£		 2012
£
Capital and reserves
Called up share capital: 5 100 100
Profit and Loss account: 1,760 5,396
Total shareholders funds: 1,860 5,496

For the year ending 30 November 2013 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 15 July 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Mr P Knowles
Status: Director

The notes form part of these financial statements

INK EXCHANGE LTD

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

    Turnover policy

    Turnover represents the value, net of Value Added Tax and discounts, of goods provided to customers, and work carried out in respect of goods provided to customers.

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Plant & Machinery 25% Reducing balance Motor Vehicles 25% Reducing Balance

    Intangible fixed assets amortisation policy

    Goodwill is being written off in equal instalments over its estimated useful life of 5 years.

    Valuation information and policy

    Stock is valued at the lower of cost and net realisable value

INK EXCHANGE LTD

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

  • 2. Intangible assets

    Total
    Cost £
    At 01st December 2012: 13,000
    13,000
    Amortisation £
    At 01st December 2012: 11,000
    Provided during the period: 1,000
    At 30th November 2013: 12,000
    Net book value £
    At 30th November 2013: 1,000
    At 30th November 2012: 2,000

INK EXCHANGE LTD

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

  • 3. Tangible assets

    Total
    Cost £
    At 01st December 2012: 41,798
    At 30th November 2013: 41,798
    Depreciation
    At 01st December 2012: 24,147
    Charge for year: 3,373
    At 30th November 2013: 27,520
    Net book value
    At 30th November 2013: 14,278
    At 30th November 2012: 17,651

INK EXCHANGE LTD

Notes to the Abbreviated Accounts
for the Period Ended 30th November 2013

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2012
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100