Install Projects Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07595663 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

INSTALL PROJECTS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

S M Rae

REGISTERED OFFICE:

229 West Street

Fareham

Hampshire

PO16 0HZ

REGISTERED NUMBER:

07595663 (England and Wales)

ACCOUNTANTS:

Rothman Pantall LLP

Chartered Accountants

229 West Street

Fareham

Hampshire

PO16 0HZ

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements, from which the unaudited abbreviated

accounts (set out on pages three to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Install Projects Limited for the year ended

31st March 2015 which comprise the Profit and Loss Account, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Install Projects Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Install Projects Limited and state those matters that we have agreed to state to the director of Install Projects Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Install Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Install Projects Limited. You consider that Install Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Install

Projects Limited. For this reason, we have not verified the accuracy or completeness of the

accounting records or information and explanations you have given to us and we do not, therefore,

express any opinion on the statutory financial statements.

Rothman Pantall LLP

Chartered Accountants

229 West Street

Fareham

Hampshire

PO16 0HZ

5th August 2015

FIXED ASSETS

Tangible assets

2

49,909

40,143

CURRENT ASSETS

Debtors

160,149

47,995

Cash at bank

30,938

-

191,087

47,995

CREDITORS

Amounts falling due within one year

116,721

33,560

NET CURRENT ASSETS

74,366

14,435

TOTAL ASSETS LESS CURRENT LIABILITIES

124,275

54,578

CREDITORS

Amounts falling due after more than one year

(51,898

)

(27,008

)

PROVISIONS FOR LIABILITIES

(6,277

)

(7,941

)

NET ASSETS

66,100

19,629

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

66,000

19,529

SHAREHOLDERS' FUNDS

66,100

19,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 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 5th August 2015 and were signed by:

S M Rae - 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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the

company qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax, except in

respect of service contracts where turnover is recognised when the company obtains the

right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the

balance sheet. Those held under hire purchase contracts are depreciated over their

estimated useful lives. Those held under finance leases are depreciated over their

estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the

relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2014

47,025

Additions

40,842

Disposals

(12,795

)

At 31st March 2015

75,072

DEPRECIATION

At 1st April 2014

6,882

Charge for year

18,594

Eliminated on disposal

(313

)

At 31st March 2015

25,163

NET BOOK VALUE

At 31st March 2015

49,909

At 31st March 2014

40,143

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

100

Ordinary

£1

100

100