Ilene Limited Filleted accounts for Companies House (small and micro)
Ilene Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
NI054514
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Financial Statements |
Year ended 31 March 2019
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2019 |
2018 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
– |
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Cash at bank and in hand |
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– |
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------- |
------- |
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Creditors: amounts falling due within one year |
7 |
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-------- |
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Net current liabilities |
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--------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
23 December 2019
, and are signed on behalf of the board by:
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Director |
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Company registration number:
NI054514
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Notes to the Financial Statements |
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 6 Cloughey Road, Portavogie, Newtownards, County Down, BT22 1EF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer Equipment |
- |
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Impairment of fixed assets
Provisions
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2018:
3
).
5.
Tangible assets
Boat & Licence |
Computer Equipment |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 April 2018 and 31 March 2019 |
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Depreciation |
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At 1 April 2018 and 31 March 2019 |
– |
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------- |
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Carrying amount |
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At 31 March 2019 |
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– |
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------- |
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At 31 March 2018 |
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– |
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------- |
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6.
Debtors
2019 |
2018 |
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£ |
£ |
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Other debtors |
– |
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------- |
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7.
Creditors:
amounts falling due within one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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Corporation tax |
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Social security and other taxes |
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– |
Other creditors |
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8.
Creditors:
amounts falling due after more than one year
2019 |
2018 |
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£ |
£ |
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Bank loans and overdrafts |
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Other creditors |
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9.
Director's advances, credits and guarantees
There have been no directors' advances, credits or guarantees during the year.
10.
Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities.