| IPC Management Limited |
| Registered number: |
07400106 |
| Abbreviated Balance Sheet |
| as at 30 September 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
4,530 |
|
|
4,647 |
| Investments |
3 |
|
|
20,700 |
|
|
20,000 |
|
|
|
|
25,230 |
|
|
24,647 |
|
| Current assets |
| Development costs |
|
|
31,621 |
|
|
- |
| Debtors |
|
|
89,173 |
|
|
99,954 |
| Cash at bank and in hand |
|
|
- |
|
|
2,704 |
|
|
|
120,794 |
|
|
102,658 |
|
| Creditors: amounts falling due within one year |
|
|
(129,646) |
|
|
(124,873) |
|
| Net current liabilities |
|
|
|
(8,852) |
|
|
(22,215) |
|
| Total assets less current liabilities |
|
|
|
16,378 |
|
|
2,432 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(15,000) |
|
|
- |
|
|
|
| Net assets |
|
|
|
1,378 |
|
|
2,432 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
1,013 |
|
|
1,000 |
| Profit and loss account |
|
|
|
365 |
|
|
1,432 |
|
| Shareholders' funds |
|
|
|
1,378 |
|
|
2,432 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Ms. K E Foulis |
| Director |
| Approved by the board on 30 June 2015 |
|
| IPC Management Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Computers & office equipment |
33% straight line |
|
|
Development costs |
|
Development costs consist of software costs and database lists and are written of in following |
|
year after purchase. No depreciation is provided. |
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2013 |
10,138 |
|
Additions |
4,818 |
|
At 30 September 2014 |
14,956 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2013 |
5,491 |
|
Charge for the year |
4,935 |
|
At 30 September 2014 |
10,426 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2014 |
4,530 |
|
At 30 September 2013 |
4,647 |
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 October 2013 |
20,000 |
|
Additions |
700 |
|
|
At 30 September 2014 |
20,700 |
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
446 |
|
446 |
|
446 |
|
B Ordinary shares |
£1 each |
|
446 |
|
446 |
|
446 |
|
C Ordinary shares |
£1 each |
|
71 |
|
71 |
|
58 |
|
D Ordinary shares |
£1 each |
|
50 |
|
50 |
|
50 |
|
|
|
|
1,000 |
|
1,013 |
|
1,000 |
|
|
|
|
|
|
|
|
|
| Nominal |
Number |
Amount |
| value |
£ |
|
Shares issued during the period: |
|
Allotted, called up and fully paid: |
£1 each |
|
13 |
|
13 |
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Ms. K E Foulis |
|
Current account |
13,135 |
|
11,884 |
|
(21,057) |
|
3,962 |
|
|
Ms. D A May |
|
Current account |
18,482 |
|
11,493 |
|
(18,149) |
|
11,826 |
|
|
M Garfield, Esq. |
|
Current account |
9,868 |
|
663 |
|
(3,349) |
|
7,182 |
|
|
|
41,485 |
|
24,040 |
|
(42,555) |
|
22,970 |
|
|
|
|
|
|
|
|
|
|
The directors made loans to the company after the balance sheet date which repaid the overdrawn balances. |
