Impression Technologies Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08013870 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 April 2014 to 31 December 2014

for

Impression Technologies Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Dr G J S Adam

M G Foster

Professor J Lin

R H Bahns

Mercia Fund Management (Nominees) Ltd

REGISTERED OFFICE:

Room 206 Regus

Central Boulevard

Blythe Valley Park,

Solihull

West Midlands

B90 8AG

REGISTERED NUMBER:

08013870 (England and Wales)

ACCOUNTANTS:

Silvester Parker Limited

The Spinney

Beausale

Warwick

Warwickshire

CV35 7NU

CURRENT ASSETS

Debtors

56,210

46,565

Cash at bank

370,343

16,136

426,553

62,701

CREDITORS

Amounts falling due within one year

31,888

37,642

NET CURRENT ASSETS

394,665

25,059

TOTAL ASSETS LESS CURRENT LIABILITIES

394,665

25,059

CREDITORS

Amounts falling due after more than one year

-

463,754

NET ASSETS/(LIABILITIES)

394,665

(438,695

)

CAPITAL AND RESERVES

Called up share capital

2

312

128

Share premium

913,668

-

Profit and loss account

(519,315

)

(438,823

)

SHAREHOLDERS' FUNDS

394,665

(438,695

)

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

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

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.

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 Board of Directors on 15 May 2015 and were signed on its behalf by:

Dr G J S Adam - Director

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.

Deferred tax

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

sheet date.

Research and development

Expenditure on research and development is treated as revenue expenditure and written off in the year in which it

is incurred.

Pension costs and other post-retirement benefits

The company has made contributions to the director's and employees personal pension plans during the year.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.3.14

value:

£

£

311,816

Ordinary.

0.1p

312

128

The following shares were issued during the period:

183,616 Ordinary. shares of 0.1p for cash of £ 913,851