Abbreviated Company Accounts - IFA SALES CLOUD LIMITED
Abbreviated Company Accounts - IFA SALES CLOUD LIMITED
Registered Number 09095665
IFA SALES CLOUD LIMITED
Abbreviated Accounts
30 June 2015
IFA SALES CLOUD LIMITED Registered Number 09095665
Abbreviated Balance Sheet as at 30 June 2015
Notes | 2015 | ||
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£ | |||
Fixed assets | |||
Intangible assets | 2 |
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Tangible assets | 3 |
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Current assets | |||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
( |
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Net current assets (liabilities) |
( |
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Total assets less current liabilities |
( |
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Total net assets (liabilities) |
( |
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Capital and reserves | |||
Called up share capital | 4 |
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Profit and loss account |
( |
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Shareholders' funds |
( |
For the year ending 30 June 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the Board on
And signed on their behalf by:
IFA SALES CLOUD LIMITED Registered Number 09095665
Notes to the Abbreviated Accounts for the period ended 30 June 2015
1Accounting Policies
Basis of measurement and preparation of accounts
Other accounting policies
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Website - 20% Straight Line
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 25% Straight Line
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Going concern
The accounts have been prepared on a going concern basis. During the year the company made a loss of £32,584, and had net liabilities at the balance sheet date of £32,574. The director considers the company to be a going concern as he does not require repayment of his overdue balance within one year, and will continue to settle the company debts as they fall due. The director considers the company will begin making sales in the next financial period, and the net liabilities arising from the current financial period are due to the expected costs of starting a business of this nature.
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2015 |
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Amortisation | |
Charge for the year |
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On disposals |
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At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 3,218 |
£ | |
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Cost | |
Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 30 June 2015 |
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Depreciation | |
Charge for the year |
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On disposals |
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At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 1,561 |