Image Signs & Print Ltd,Ltd - Accounts

Image Signs & Print Ltd,Ltd - Accounts

IMAGE SIGNS & PRINT LTD - Company Information

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2014-04-01 true false Private Limited Company 08006336 2015-03-31 08006336 2014-04-01 2015-03-31 08006336 2014-03-31 08006336 2013-04-01 2014-03-31 08006336 uk-bus:Director1 2014-04-01 2015-03-31 08006336 uk-gaap:PlantMachinery 2014-04-01 2015-03-31 08006336 uk-gaap:ComputerEquipment 2014-04-01 2015-03-31 08006336 uk-gaap:CommercialMotorVehicles 2014-04-01 2015-03-31 iso4217:GBP
Image Signs & Print Ltd
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08006336
2
Contents Page
Image Signs & Print Ltd
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Image Signs & Print Ltd
Accountants' Report
For the year ended 31 March 2015
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2015 and you consider that the company is exempt from an audit under the Companies Act 2006.
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.
Blackrock Business & Consultancy Services Ltd
13 Fitzwalter Road
Caldicot
Monmouthshire
NP26 5DA
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4
Abbreviated Balance Sheet
Image Signs & Print Ltd
As at 31 March 2015
08006336
Registered Number :
£
£
2015
Notes
2014
Fixed assets
Intangible assets
2
4,240
6,360
Tangible assets
3
14,319
7,614
18,559
13,974
Current assets
Stocks
5,000
5,000
Debtors
4
44,186
25,174
Cash at bank and in hand
1,447
-
31,621
49,186
Creditors: amounts falling due within one year
(62,807)
(42,664)
(13,621)
(11,043)
Net current liabilities
Total assets less current liabilities
7,516
353
7,516
Net assets
353
Capital and reserves
Called up share capital
100
100
Profit and loss account
7,416
253
7,516
353
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
2) The director acknowledges his 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.
Date approved by the board: 27 May 2015
Steven Hastings Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Image Signs & Print Ltd
For the year ended 31 March 2015
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the
estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
Computer Equipment
25 Reducing balance
Motor Vehicles
25 Reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Image Signs & Print Ltd
For the year ended 31 March 2015
2 Intangible fixed assets
Cost or valuation
Intangible
fixed assets
£
At 01 April 2014
10,600
10,600
At 31 March 2015
Amortisation
4,240
At 01 April 2014
2,120
Charge for year
6,360
At 31 March 2015
4,240
Net Book Values
At 31 March 2015
6,360
At 31 March 2014
3 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
12,603
At 01 April 2014
11,478
Additions
At 31 March 2015
24,081
Depreciation
4,989
At 01 April 2014
4,773
Charge for year
9,762
At 31 March 2015
Net book values
At 31 March 2015
14,319
7,614
At 31 March 2014
Debtors include an amount of £(43726) (2014: £0) falling due after more than one year
4 Debtors:
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