Illuminated Advertising Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03779385 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1ST JUNE 2014 TO 31ST DECEMBER 2014

FOR

ILLUMINATED ADVERTISING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

B J Harris

E P E Ochtman

REGISTERED OFFICE:

Unit 4L Bramhall Moor Technology Park

Pepper Road

Hazel Grove

Stockport

Cheshire

SK7 5BW

REGISTERED NUMBER:

03779385 (England and Wales)

ACCOUNTANTS:

KAY JOHNSON GEE LLP

Griffin Court

201 Chapel Street

Greater Manchester

Lancashire

M3 5EQ

FIXED ASSETS

Tangible assets

2

15,493

17,634

CURRENT ASSETS

Stocks

81,073

158,615

Debtors

237,024

210,836

Cash at bank

450,550

249,253

768,647

618,704

CREDITORS

Amounts falling due within one year

264,542

158,786

NET CURRENT ASSETS

504,105

459,918

TOTAL ASSETS LESS CURRENT LIABILITIES

519,598

477,552

PROVISIONS FOR LIABILITIES

1,593

2,239

NET ASSETS

518,005

475,313

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

517,905

475,213

SHAREHOLDERS' FUNDS

518,005

475,313

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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 5th November 2015 and were signed on its behalf by:

B J Harris - 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

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange

ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating

result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st June 2014

57,050

Additions

1,345

At 31st December 2014

58,395

DEPRECIATION

At 1st June 2014

39,416

Charge for period

3,486

At 31st December 2014

42,902

NET BOOK VALUE

At 31st December 2014

15,493

At 31st May 2014

17,634

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.5.14

value:

£

£

100

Ordinary

1

100

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31st December 2014 and

the year ended 31st May 2014:

31.12.14

31.5.14

£

£

B J Harris and Mrs S J L Harris

Balance outstanding at start of period

(2,943

)

(2,667

)

Amounts advanced

81,506

431,932

Amounts repaid

(80,208

)

(432,208

)

Balance outstanding at end of period

(1,645

)

(2,943

)

During the period the company paid dividends amounting to £87,500 (2014: £150,000) to the directors.