Ibex Business Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03595804 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2014

for

Ibex Business Systems Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

I D Breeds

SECRETARY:

Mrs A A Breeds

REGISTERED OFFICE:

Curtis House

34 Third Avenue

Hove

East Sussex

BN3 2PD

REGISTERED NUMBER:

03595804 (England and Wales)

ACCOUNTANTS:

Bristow Still

Chartered Accountants

39 Sackville Road

Hove

East Sussex

BN3 3WD

Fixed assets

Tangible assets

2

60

83

Current assets

Debtors

3,430

-

Cash at bank

10,845

15,426

14,275

15,426

Creditors

Amounts falling due within one year

3,204

4,107

Net current assets

11,071

11,319

Total assets less current liabilities

11,131

11,402

Capital and reserves

Called up share capital

3

1,000

1,000

Profit and loss account

10,131

10,402

Shareholders' funds

11,131

11,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 2 September 2015 and were signed by:

I D Breeds - 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 sales of services, 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.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

8,691

DEPRECIATION

At 1 January 2014

8,608

Charge for year

23

At 31 December 2014

8,631

NET BOOK VALUE

At 31 December 2014

60

At 31 December 2013

83

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000