Iurology Limited - Limited company - abbreviated

REGISTERED NUMBER: 07411122 (England and Wales)

Abbreviated Unaudited Accounts For The Year Ended 30th October 2014

for

Iurology Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K J Ng

SECRETARY:

REGISTERED OFFICE:

3 Century Court

Tolpits Lane

Wartford

Hertfordshire

WD18 9RS

REGISTERED NUMBER:

07411122 (England and Wales)

ACCOUNTANTS:

Dua & Co. Limited

3 Century Court

Tolpits Lane

Watford

Hertfordshire

WD18 9RS

FIXED ASSETS

Intangible assets

2

-

52,590

Tangible assets

3

2,462

4,277

2,462

56,867

CURRENT ASSETS

Debtors

426,199

383,498

Cash at bank

111,869

2,646

538,068

386,144

CREDITORS

Amounts falling due within one year

(150,365

)

(136,881

)

NET CURRENT ASSETS

387,703

249,263

TOTAL ASSETS LESS CURRENT LIABILITIES

390,165

306,130

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

390,065

306,030

SHAREHOLDERS' FUNDS

390,165

306,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th October 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th October 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 16th July 2015 and were signed by:

K J Ng - 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 amounts for services provided, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010,is being amortised evenly over its estimated

useful life of four years.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 31st October 2013

and 30th October 2014

210,363

AMORTISATION

At 31st October 2013

157,773

Amortisation for year

52,590

At 30th October 2014

210,363

NET BOOK VALUE

At 30th October 2014

-

At 30th October 2013

52,590

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 31st October 2013

and 30th October 2014

7,260

DEPRECIATION

At 31st October 2013

2,983

Charge for year

1,815

At 30th October 2014

4,798

NET BOOK VALUE

At 30th October 2014

2,462

At 30th October 2013

4,277

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

100

Ordinary

1

100

5.	TRANSACTIONS WITH DIRECTOR

During the year, the company paid a rent of £6,000 (2012 : £6,000) to director Mr K J Ng for the use of his home as a company office.

Iurology Limited - Limited company - abbreviated - 11.6

Iurology Limited - Limited company - abbreviated - 11.6