Abbreviated Company Accounts - IMS INDEPENDENT MORTGAGE SOLUTIONS LTD

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD - Company Information

06745929 IMS INDEPENDENT MORTGAGE SOLUTIONS LTD 2015-03-31 false 2014-04-01 2015-03-31 true 06745929 2014-04-01 2015-03-31 06745929 2015-03-31 06745929 2014-03-31 06745929 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 06745929 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 iso4217:GBP shares

Registered Number 06745929

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD

Abbreviated Accounts

31 March 2015

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD Registered Number 06745929

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,136	4,024
		2,136	4,024
Current assets
Debtors		63,630	41,061
Cash at bank and in hand		4,162	14,804
		67,792	55,865
Creditors: amounts falling due within one year		(21,177)	(14,428)
Net current assets (liabilities)		46,615	41,437
Total assets less current liabilities		48,751	45,461
Provisions for liabilities		(316)	(805)
Total net assets (liabilities)		48,435	44,656
Capital and reserves
Called up share capital		1	1
Profit and loss account		48,434	44,655
Shareholders' funds		48,435	44,656

For the year ending 31 March 2015 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.

Approved by the Board on 30 April 2015

And signed on their behalf by:
Mrs M Niziol, Director

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD Registered Number 06745929

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade disounts.

2Tangible fixed assets

	£
Cost
At 1 April 2014	20,715
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	20,715
Depreciation
At 1 April 2014	16,691
Charge for the year	1,888
On disposals	-
At 31 March 2015	18,579
Net book values
At 31 March 2015	2,136
At 31 March 2014	4,024

Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:-

Land and buildings freehold - 25% straight line
Plant and machinery - 25% straight line

3Transactions with directors

Name of director receiving advance or credit:	Mrs M Niziol
Description of the transaction:	Directors current account
Balance at 1 April 2014:	£ 5,775
Advances or credits made:	£ 14,421
Advances or credits repaid:	£ 522
Balance at 31 March 2015:	£ 19,674