INSTANT_WIN_GAMING_LIMITE - Accounts

INSTANT WIN GAMING LIMITED - Company Information

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Company Registration No. 07852508 (England and Wales)

INSTANT WIN GAMING LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2015

INSTANT WIN GAMING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

INSTANT WIN GAMING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

7,612

5,265

Current assets

Debtors

109,718

179,637

Cash at bank and in hand

61,202

51,037

170,920

230,674

Creditors: amounts falling due within one year

(61,091)

(85,221)

Net current assets

109,829

145,453

Total assets less current liabilities

117,441

150,718

Capital and reserves

Called up share capital

2,000

Profit and loss account

115,441

148,718

Shareholders' funds

117,441

150,718

For the financial year ended 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 July 2015

R Fisher

Director

Company Registration No. 07852508

INSTANT WIN GAMING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has sufficient financial resources and the directors believe it is well placed to manage its business risks successfully. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

1.2

Turnover

Turnover represents amounts receivable for services net of VAT.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

25% - 50% straight line

1.4

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to the profit and loss account.

Fixed assets

Tangible assets

Cost

At 1 May 2014

5,861

Additions

4,954

At 30 April 2015

10,815

Depreciation

At 1 May 2014

596

Charge for the year

2,607

At 30 April 2015

3,203

Net book value

At 30 April 2015

7,612

At 30 April 2014

5,265

INSTANT WIN GAMING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

2,000 ordinary shares of £1 each

2,000