I S D (UK) Limited - Abbreviated accounts

I S D (UK) LIMITED - Company Information

Registered number

03835116

I S D (UK) Limited

Abbreviated Accounts

31 December 2014

I S D (UK) Limited
Registered number:		03835116
Abbreviated Balance Sheet
as at 31 December 2014

Notes			2014			2013
£				£
Fixed assets
Tangible assets	2		61,067			34,865

Current assets
Stocks		5,115			12,334
Debtors		25,163			29,218
Cash at bank and in hand		21,728			23,846
		52,006			65,398

Creditors: amounts falling due within one year		(56,664)			(65,297)

Net current (liabilities)/assets			(4,658)			101

Total assets less current liabilities			56,409			34,966

Creditors: amounts falling due after more than one year			(47,707)			(33,637)

Provisions for liabilities			(1,270)			(1,270)


Net assets			7,432			59

Capital and reserves
Called up share capital	3		80			80
Profit and loss account			7,352			(21)

Shareholders' funds			7,432			59

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



Mr Karl Unger
Director
Approved by the board on 30 September 2015

I S D (UK) Limited
Notes to the Abbreviated Accounts
for the year ended 31 December 2014

1	Accounting policies

	Basis of preparation
	The accounts 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 the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			10% straight line
	Motor vehicles			20% straight line

	Stocks
	Stock is valued at the lower of cost and net realisable value.

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Tangible fixed assets					£

	Cost
	At 1 January 2014					68,091
	Additions					53,843
	Disposals					(29,600)
	At 31 December 2014					92,334

	Depreciation
	At 1 January 2014					33,226
	Charge for the year					9,881
	On disposals					(11,840)
	At 31 December 2014					31,267

	Net book value
	At 31 December 2014					61,067
	At 31 December 2013					34,865


3	Share capital	Nominal		2014		2014		2013
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		80		80		80