Independent Grip Limited - Limited company - abbreviated - 11.6

Independent Grip Limited - Limited company - abbreviated - 11.6


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REGISTERED NUMBER: 06295030 (England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

Independent Grip Limited

Independent Grip Limited (Registered number: 06295030)






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 3

Independent Grip Limited

Company Information
for the Year Ended 31 October 2014







DIRECTOR: A Young





SECRETARY: C Young





REGISTERED OFFICE: Halliford Film Studios
Manygate Lane
Shepperton
Middlesex
TW17 9EG





REGISTERED NUMBER: 06295030 (England and Wales)





ACCOUNTANTS: Swan Accountancy Solutions Limited
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Independent Grip Limited (Registered number: 06295030)

Abbreviated Balance Sheet
31 October 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 102,005 81,960

CURRENT ASSETS
Debtors 79,107 98,476
Cash at bank and in hand 110,610 103,648
189,717 202,124
CREDITORS
Amounts falling due within one
year

159,852

197,717
NET CURRENT ASSETS 29,865 4,407
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,870

86,367

CREDITORS
Amounts falling due after more
than one year

8,871

16,292
NET ASSETS 122,999 70,075

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 122,998 70,074
SHAREHOLDERS' FUNDS 122,999 70,075

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 14 April 2015 and were
signed by:




A Young - Director


Independent Grip Limited (Registered number: 06295030)

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).

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the
grounds that the company qualifies as a small company.

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have
originated but not reversed at the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions
payable to the company's pension scheme are charged to the profit and loss
account in the period to which they relate.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2013 296,029
Additions 46,185
Disposals (900 )
At 31 October 2014 341,314
DEPRECIATION
At 1 November 2013 214,069
Charge for year 25,507
Eliminated on disposal (267 )
At 31 October 2014 239,309
NET BOOK VALUE
At 31 October 2014 102,005
At 31 October 2013 81,960

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
1 Ordinary 1 1 1