Insect Research & Development Limited - Limited company - abbreviated - 11.6

Insect Research & Development Limited - Limited company - abbreviated - 11.6

INSECT RESEARCH & DEVELOPMENT LIMITED - Company Information

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REGISTERED NUMBER: 04375595 (England and Wales)












Abbreviated Accounts

for the Year Ended 31 March 2015

for

Insect Research & Development Limited

Insect Research & Development Limited (Registered number: 04375595)






Contents of the Abbreviated Accounts
for the year ended 31 March 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Insect Research & Development Limited

Company Information
for the year ended 31 March 2015







DIRECTOR: Mr I F Burgess





SECRETARY: Mr W B Wilson





REGISTERED OFFICE: 6 Quy Court
Colliers Lane
Stow cum Quy
Cambridgeshire
CB25 9AU





REGISTERED NUMBER: 04375595 (England and Wales)





ACCOUNTANTS: Sandcroft Management Services Limited
3 Morleys Place
High Street
Sawston
Cambridge
Cambridgeshire
CB22 3TG
1
Insect Research & Development Limited (Registered number: 04375595)

Abbreviated Balance Sheet
31 March 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 324,680 338,741
Investments 3 21 20
324,701 338,761

CURRENT ASSETS
Stocks 616 150
Debtors 4 84,149 96,197
Cash at bank and in hand 237,886 250,090
322,651 346,437
CREDITORS
Amounts falling due within one year 40,722 43,032
NET CURRENT ASSETS 281,929 303,405
TOTAL ASSETS LESS CURRENT
LIABILITIES
606,630
642,166

CREDITORS
Amounts falling due after more than one
year
5
(100,936		 )
(124,118		 )

PROVISIONS FOR LIABILITIES (4,675 ) (5,596 )
NET ASSETS 501,019 512,452

CAPITAL AND RESERVES
Called up share capital 6 89 89
Profit and loss account 500,930 512,363
SHAREHOLDERS' FUNDS 501,019 512,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 notes form part of these abbreviated accounts

2
Insect Research & Development Limited (Registered number: 04375595)

Abbreviated Balance Sheet - continued
31 March 2015


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 30 July 2015 and were signed by:





Mr I F Burgess - Director


The notes form part of these abbreviated accounts

3
Insect Research & Development Limited (Registered number: 04375595)

Notes to the Abbreviated Accounts
for the year ended 31 March 2015

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 sales of goods, excluding value added tax.

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

Freehold property - 2% on a straight line basis
Improvements to property - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling
at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pensions
The company operates a defined contribution pension scheme. Contributions payable for the year are charged
in the profit and loss account.

4
Insect Research & Development Limited (Registered number: 04375595)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2015

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2014 474,549
Disposals (926 )
At 31 March 2015 473,623
DEPRECIATION
At 1 April 2014 135,808
Charge for year 13,932
Eliminated on disposal (797 )
At 31 March 2015 148,943
NET BOOK VALUE
At 31 March 2015 324,680
At 31 March 2014 338,741

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 April 2014
and 31 March 2015 20
NET BOOK VALUE
At 31 March 2015 20
At 31 March 2014 20

Investments (neither listed nor unlisted) were as follows:
2015 2014
£    £   
Investment in Quy Court
Management Company Limited 1 -

4. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 0 (2014 - £ 22,918 )

5
Insect Research & Development Limited (Registered number: 04375595)

Notes to the Abbreviated Accounts - continued
for the year ended 31 March 2015

5. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable otherwise than by instalments 100,936 124,118

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
89 Ordinary 1 89 89

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the end of the year, the company owed Mr I Burgess £3,500 (2013 - £3,500). This loan is interest free and
repayable on demand.

6