Intex Projects Limited - Limited company - abbreviated - 11.6
Intex Projects Limited - Limited company - abbreviated - 11.6
| DRAFT |
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 30 NOVEMBER 2014 |
| FOR |
| INTEX PROJECTS LIMITED |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 30 November 2014 |
| DRAFT |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| INTEX PROJECTS LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 November 2014 |
| DRAFT |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| and Registered Auditors |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| ABBREVIATED BALANCE SHEET |
| 30 November 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| DRAFT |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| 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. |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| ABBREVIATED BALANCE SHEET - continued |
| 30 November 2014 |
| DRAFT |
| The financial statements were approved by the Board of Directors on signed on its behalf by: |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 30 November 2014 |
| DRAFT |
| 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, except in |
| respect of service contracts where turnover is recognised when the company obtains the |
| right to consideration. |
| Intellectual property |
| The Intellectual Property of the Company was re-purchased during the year. This has |
| been written off over its estimated economical useful life. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the |
| balance sheet. Those held under hire purchase contracts are depreciated over their |
| estimated useful lives. Those held under finance leases are depreciated over their |
| estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over |
| the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a |
| straight line basis over the period of the lease. |
| 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. |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 November 2014 |
| 1. | ACCOUNTING POLICIES - continued |
| DRAFT |
| Amounts recoverable on contracts are valued on a prudent basis at anticipated net sale |
| value after provision for contingencies and anticipated future losses, less amounts |
| invoiced. Progress payments in excess of the value of work done are included in current |
| liabilities. |
| Amounts included in work in progress represent direct costs incurred, net of amounts |
| transferred to the profit and loss account in respect of work carried out to date, less |
| foreseeable losses and applicable payments on account. |
| This approach enables profit on contracting activities to be recognised as work |
| progresses. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| Additions |
| At 30 November 2014 |
| AMORTISATION |
| Amortisation for year |
| At 30 November 2014 |
| NET BOOK VALUE |
| At 30 November 2014 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 December 2013 |
| Additions |
| Disposals | ( |
) |
| At 30 November 2014 |
| DEPRECIATION |
| At 1 December 2013 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 30 November 2014 |
| NET BOOK VALUE |
| At 30 November 2014 |
| At 30 November 2013 |
| INTEX PROJECTS LIMITED (REGISTERED NUMBER: 04564422) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 30 November 2014 |
| DRAFT |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended |
| 30 November 2014 and 30 November 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |