Abbreviated Company Accounts - INCOMPASS ASSOCIATES LIMITED

INCOMPASS ASSOCIATES LIMITED - Company Information

Registered Number 05702811

INCOMPASS ASSOCIATES LIMITED

Abbreviated Accounts

31 March 2015

INCOMPASS ASSOCIATES LIMITED Registered Number 05702811

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	2,514	2,625
		2,514	2,625
Current assets
Debtors		20,925	18,561
Cash at bank and in hand		26,525	26,008
		47,450	44,569
Creditors: amounts falling due within one year		(24,046)	(21,378)
Net current assets (liabilities)		23,404	23,191
Total assets less current liabilities		25,918	25,816
Total net assets (liabilities)		25,918	25,816
Capital and reserves
Called up share capital		2	2
Profit and loss account		25,916	25,814
Shareholders' funds		25,918	25,816

For the year ending 31 March 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 9 November 2015

And signed on their behalf by:
AK Walter, Director

INCOMPASS ASSOCIATES LIMITED Registered Number 05702811

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of value added tax.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets over their expected useful lives on the following bases:
Fittings and equipment 15% reducing balance.

2Tangible fixed assets

	£
Cost
At 1 April 2014	5,500
Additions	333
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	5,833
Depreciation
At 1 April 2014	2,875
Charge for the year	444
On disposals	-
At 31 March 2015	3,319
Net book values
At 31 March 2015	2,514
At 31 March 2014	2,625