Instant Enterprises Limited - Limited company - abbreviated

REGISTERED NUMBER: 03178289 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 August 2014

for

Instant Enterprises Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTORS:

K A Attwood

A J Enever

T M Greenfield

SECRETARY:

A J Enever

REGISTERED OFFICE:

137-139 Seaside Road

Eastbourne

East Sussex

BN21 3PG

REGISTERED NUMBER:

03178289 (England and Wales)

ACCOUNTANTS:

AJH Accountancy Ltd

17 The Weavers

Allington

Maidstone

Kent

ME16 0NZ

FIXED ASSETS

Tangible assets

2

2,118

3,739

CURRENT ASSETS

Stocks

55,355

56,341

Debtors

28,713

30,832

Cash at bank and in hand

36,879

20,502

120,947

107,675

CREDITORS

Amounts falling due within one year

109,246

99,834

NET CURRENT ASSETS

11,701

7,841

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,819

11,580

CAPITAL AND RESERVES

Called up share capital

3

90

Profit and loss account

13,729

11,490

SHAREHOLDERS' FUNDS

13,819

11,580

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 January 2015 and were signed on its behalf by:

K A Attwood - 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.

Tangible fixed assets

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

Fixtures and fittings

-

25% on cost

Stocks

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

sheet date.

Hire purchase and leasing commitments

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

and 31 August 2014

81,280

DEPRECIATION

At 1 September 2013

77,541

Charge for year

1,621

At 31 August 2014

79,162

NET BOOK VALUE

At 31 August 2014

2,118

At 31 August 2013

3,739

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.14

31.8.13

value:

£

90

Ordinary

£1

90

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2014 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.