IMI Talbot Solutions Limited - Period Ending 2015-01-31

 
 
 
 
 
 
 
  IMI Talbot Solutions Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 31 January 2015
 
  Company Registration Number: 06477536

IMI Talbot Solutions Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

IMI Talbot Solutions Limited
Abbreviated Balance Sheet
31 January 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			814			470
Current assets
Debtors					37,228			104,311
Cash at bank and in hand					491,864			359,799
					529,092			464,110
Creditors: Amounts falling due within one year					(36,155)			(47,614)
Net current assets					492,937			416,496
Net assets					493,751			416,966
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					493,750			416,965
Shareholders' funds					493,751			416,966

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

IMI Talbot Solutions Limited
Abbreviated Balance Sheet
31 January 2015 ......... continued

For the year ending 31 January 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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 .

Approved by the Board on 8 June 2015 and signed on its behalf by:

G Talbot
Director

Company Registration Number: 06477536

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

IMI Talbot Solutions Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2015 ......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 the fair value of consideration receivable, excluding Value Added Tax, in the ordinary course of business for goods and services provided.

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Asset class	Depreciation method and rate
Fixtures & fittings	33% straight line basis
Office equipment	33% straight line basis

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		5,955			5,955
Additions		829			829
At 31 January 2015		6,784			6,784
Depreciation
At 1 February 2014		5,485			5,485
Charge for the year		485			485
At 31 January 2015		5,970			5,970
Net book value
At 31 January 2015		814			814
At 31 January 2014		470			470

Page 3

IMI Talbot Solutions Limited
Notes to the Abbreviated Accounts
Year Ended 31 January 2015 ......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

4	Related party transactions

Directors' advances and credits

	2015 Advance/ Credit £	2015 Repaid £	2014 Advance/ Credit £	2014 Repaid £
C Talbot
Credit transactions	39	53,935	90,598	31,020

Page 4