Insulam Limited - Limited company - abbreviated - 11.6
Insulam Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
FOR |
INSULAM LIMITED |
INSULAM LIMITED (REGISTERED NUMBER: SC106668) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
INSULAM LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
Chartered Accountant |
INSULAM LIMITED (REGISTERED NUMBER: SC106668) |
ABBREVIATED BALANCE SHEET |
31 OCTOBER 2014 |
31.10.14 | 31.10.13 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Capital redemption reserve |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
INSULAM LIMITED (REGISTERED NUMBER: SC106668) |
ABBREVIATED BALANCE SHEET - continued |
31 OCTOBER 2014 |
The financial statements were approved by the Board of Directors on |
INSULAM LIMITED (REGISTERED NUMBER: SC106668) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
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 on all tangible fixed assets on the reducing balance method at the following rates:- |
Leasehold property | 2% |
Plant, machinery & equipment | 20% |
Office equipment, furniture and fittings | 15% |
Motor Vehicles | 25% |
Tools | 15% |
Stock and work-in-progress |
Stock and work in progress are valued at the lower of cost and net realisable value after making due allowance for |
obsolete and slow moving items. |
Deferred tax |
Deferred tax is provided on the liability method on all short term timing differences. Provision is also made for |
long term timing differences except for those that are not expected to reverse in the future. |
Pensions |
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of |
the company in an independently administered fund. The pension charge represents contributions payable by the |
company to the funds. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 November 2013 |
and 31 October 2014 |
DEPRECIATION |
At 1 November 2013 |
Charge for year |
At 31 October 2014 |
NET BOOK VALUE |
At 31 October 2014 |
At 31 October 2013 |
INSULAM LIMITED (REGISTERED NUMBER: SC106668) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 OCTOBER 2014 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.10.14 | 31.10.13 |
value: | £ | £ |
ordinary | 1 |