iGBL Ltd - Abbreviated accounts

iGBL Ltd - Abbreviated accounts


Registered number
08741992
iGBL Ltd
Unaudited Abbreviated Accounts
31 October 2014
iGBL Ltd
Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of iGBL Ltd for the period ended 31 October 2014
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of iGBL Ltd for the period ended 31 October 2014 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation.
Ridgefield Consulting
Chartered Accountants
7 Bertie Road
Cumnor
Oxford
OX2 9PS
21 July 2015
iGBL Ltd
Registered number: 08741992
Abbreviated Balance Sheet
as at 31 October 2014
Notes 2014
£
Current assets
Debtors 5,800
Cash at bank and in hand 1,976
7,776
Creditors: amounts falling due within one year (6,029)
Net current assets 1,747
Net assets 1,747
Capital and reserves
Profit and loss account 1,747
Shareholders' funds 1,747
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.
The 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.
S Anand
Director
Approved by the board on 21 July 2015
iGBL Ltd
Notes to the Abbreviated Accounts
for the period ended 31 October 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 January 2015).
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.
Deferred taxation
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.
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