Iris & June Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08518721 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2014

for

Iris & June Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J Whitelaw

J V Edwards

REGISTERED OFFICE:

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

BUSINESS ADDRESS:

No 1 Howick Place

London

SW1P 1WG

REGISTERED NUMBER:

08518721 (England and Wales)

ACCOUNTANTS:

Barnbrook Sinclair

Chartered Accountants

Chancery House

30 St Johns Road

Woking

Surrey

GU21 7SA

FIXED ASSETS

Tangible assets

2

97,610

-

CURRENT ASSETS

Debtors

39,201

30,046

Cash at bank and in hand

3,774

35,305

42,975

65,351

CREDITORS

Amounts falling due within one year

3

(51,647

)

(27,426

)

NET CURRENT (LIABILITIES)/ASSETS

(8,672

)

37,925

TOTAL ASSETS LESS CURRENT LIABILITIES

88,938

37,925

CREDITORS

Amounts falling due after more than one year

3

(176,479

)

(39,400

)

NET LIABILITIES

(87,541

)

(1,475

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

(87,641

)

(1,575

)

SHAREHOLDERS' FUNDS

(87,541

)

(1,475

)

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 directors acknowledge their 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 Board of Directors on 18 September 2015 and were signed on its behalf by:

J Whitelaw - Director

J V Edwards - 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.

Improvements to property

-

over the period of the lease

Plant and machinery

-

33% on cost

Fixtures and fittings

-

33% on cost

Computer equipment

-

33% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

115,273

At 31 December 2014

115,273

DEPRECIATION

Charge for year

17,663

At 31 December 2014

17,663

NET BOOK VALUE

At 31 December 2014

97,610

3.

CREDITORS

Creditors include an amount of £ 22,306 for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/14

31/12/13

value:

£

£

100

Ordinary

£1

100

100

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company's directors, Ms J Whitelaw and Mr J V Edwards, have jointly personally guaranteed the company's

bank loan.