Abbreviated Company Accounts - IMPERIAL TRADE & INVESTMENTS LIMITED

Abbreviated Company Accounts - IMPERIAL TRADE & INVESTMENTS LIMITED

IMPERIAL TRADE & INVESTMENTS LIMITED - Company Information

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Registered Number 06606849

IMPERIAL TRADE & INVESTMENTS LIMITED

Abbreviated Accounts

30 September 2014

IMPERIAL TRADE & INVESTMENTS LIMITED Registered Number 06606849

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Called up share capital not paid 1 1
Fixed assets
Tangible assets 2 18,387 12,367
18,387 12,367
Current assets
Stocks 18,748 18,748
Debtors 536,362 387,952
555,110 406,700
Creditors: amounts falling due within one year (533,839) (429,826)
Net current assets (liabilities) 21,271 (23,126)
Total assets less current liabilities 39,659 (10,758)
Provisions for liabilities (298) (298)
Total net assets (liabilities) 39,361 (11,056)
Capital and reserves
Called up share capital 1 1
Profit and loss account 39,360 (11,057)
Shareholders' funds 39,361 (11,056)
  • For the year ending 30 September 2014 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 29 June 2015

And signed on their behalf by:
GF Hadley, Director

IMPERIAL TRADE & INVESTMENTS LIMITED Registered Number 06606849

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents net invoiced sales of services, excluding value added tax

Tangible assets depreciation policy
Depreciation is provided a the following annual rates in order to write off each asset over its estimated useful life:
Motor vehicles - 25% reducing balance

2Tangible fixed assets
£
Cost
At 1 October 2013 12,367
Additions 4,800
Disposals -
Revaluations -
Transfers 7,348
At 30 September 2014 24,515
Depreciation
At 1 October 2013 -
Charge for the year 6,128
On disposals -
At 30 September 2014 6,128
Net book values
At 30 September 2014 18,387
At 30 September 2013 12,367