IN2RETAIL_LIMITED - Accounts

IN2RETAIL LIMITED - Company Information

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Company Registration No. 07785620 (England and Wales)

IN2RETAIL LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

IN2RETAIL LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

IN2RETAIL LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

8,000

9,947

Current assets

Debtors

40,070

14,828

Cash at bank and in hand

66,997

113,408

107,067

128,236

Creditors: amounts falling due within one year

(48,644)

(80,184)

Net current assets

58,423

48,052

Total assets less current liabilities

66,423

57,999

Provisions for liabilities

(1,600)

(1,989)

64,823

56,010

Capital and reserves

Called up share capital

100

Profit and loss account

64,723

55,910

Shareholders' funds

64,823

56,010

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 6 November 2015

Mr D. Prendergast

Director

Company Registration No. 07785620

IN2RETAIL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of VAT.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.3% on cost

Fixtures and fittings

25% on reducing balance

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 October 2014

15,829

Additions

1,043

At 30 September 2015

16,872

Depreciation

At 1 October 2014

5,882

Charge for the year

2,990

At 30 September 2015

8,872

Net book value

At 30 September 2015

8,000

At 30 September 2014

9,947

IN2RETAIL LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary of £1 each

100

Transactions with directors

During the year the company made advances to directors totalling £1,010. The advances were repaid by the directors in full during the year.