Incisive Business Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06968037 (England and Wales)

INCISIVE BUSINESS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2015

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

A Blackwood

Mrs R J Blackwood

SECRETARY:

A Blackwood

REGISTERED OFFICE:

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

REGISTERED NUMBER:

06968037 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

2

1,173

2,312

CURRENT ASSETS

Debtors

12,253

4,320

Cash at bank

5,348

8,975

17,601

13,295

CREDITORS

Amounts falling due within one year

8,623

24,446

NET CURRENT ASSETS/(LIABILITIES)

8,978

(11,151

)

TOTAL ASSETS LESS CURRENT LIABILITIES

10,151

(8,839

)

PROVISIONS FOR LIABILITIES

235

-

NET ASSETS/(LIABILITIES)

9,916

(8,839

)

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

9,915

(8,840

)

SHAREHOLDERS' FUNDS

9,916

(8,839

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2015 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 9 November 2015 and were signed on its behalf by:

A Blackwood - Director

Mrs R J Blackwood - 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 amounts of commissions and fees receivable, excluding value added tax. Commissions are

recognised on completion of the transaction.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Website & computer software

-

33% on cost

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2014

and 31 July 2015

18,608

DEPRECIATION

At 1 August 2014

16,296

Charge for year

1,139

At 31 July 2015

17,435

NET BOOK VALUE

At 31 July 2015

1,173

At 31 July 2014

2,312

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

1

Ordinary

£1

1

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2015 and

31 July 2014:

2015

2014

£

£

A Blackwood

Balance outstanding at start of year

(19,699

)

(33,178

)

Amounts advanced

28,043

16,942

Amounts repaid

(5,699

)

(3,463

)

Balance outstanding at end of year

2,645

(19,699

)

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Incisive Business Limited for the year ended 31 July 2015 which comprise the Profit and Loss

Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Incisive Business Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Incisive Business Limited and state those matters that we have agreed to state to the Board of Directors of Incisive Business Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Incisive Business Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Incisive Business Limited. You consider that Incisive Business Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Incisive Business Limited.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial

statements.

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

9 November 2015