Impact Graphic Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06426711 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2015

FOR

IMPACT GRAPHIC SOLUTIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

B. Hays

SECRETARY:

Ms T Stevenson

REGISTERED OFFICE:

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

REGISTERED NUMBER:

06426711 (England and Wales)

ACCOUNTANTS:

Cook & Partners Limited

Manufactory House

Bell Lane

Hertford

Hertfordshire

SG14 1BP

FIXED ASSETS

Tangible assets

2

5,493

16,159

CURRENT ASSETS

Debtors

1,461

814

Cash at bank

115,797

85,238

117,258

86,052

CREDITORS

Amounts falling due within one year

31,613

25,687

NET CURRENT ASSETS

85,645

60,365

TOTAL ASSETS LESS CURRENT LIABILITIES

91,138

76,524

PROVISIONS FOR LIABILITIES

1,099

3,232

NET ASSETS

90,039

73,292

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

90,037

73,290

SHAREHOLDERS' FUNDS

90,039

73,292

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 10th September 2015 and were signed by:

B. Hays - 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 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

10% on reducing balance

Computer equipment

-

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

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

27,745

Disposals

(10,215

)

At 31st March 2015

17,530

DEPRECIATION

At 1st April 2014

11,586

Charge for year

1,473

Eliminated on disposal

(1,022

)

At 31st March 2015

12,037

NET BOOK VALUE

At 31st March 2015

5,493

At 31st March 2014

16,159

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

2

Ordinary

£1

2

2