Abbreviated Company Accounts - IPOWER SOLUTIONS LIMITED

IPOWER FLEXIBLE ENERGY LTD - Company Information

NI072406 IPOWER SOLUTIONS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true NI072406 2014-04-01 2015-03-31 NI072406 2015-03-31 NI072406 2014-03-31 NI072406 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI072406 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number NI072406

IPOWER SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2015

IPOWER SOLUTIONS LIMITED Registered Number NI072406

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	8,969	8,604
		8,969	8,604
Current assets
Stocks		264,903	279,441
Debtors		475,235	57,839
Cash at bank and in hand		3,087,957	1,857,673
		3,828,095	2,194,953
Creditors: amounts falling due within one year		(1,051,201)	(1,824,706)
Net current assets (liabilities)		2,776,894	370,247
Total assets less current liabilities		2,785,863	378,851
Provisions for liabilities		(1,884)	(1,720)
Total net assets (liabilities)		2,783,979	377,131
Capital and reserves
Called up share capital	3	1,000	1,000
Profit and loss account		2,782,979	376,131
Shareholders' funds		2,783,979	377,131

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 8 June 2015

And signed on their behalf by:
Mr Eunan Kelly, Director

IPOWER SOLUTIONS LIMITED Registered Number NI072406

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 in accordance with the historical cost convention.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets at rates calclated to write off the cost, less estimated residual value of each asset, evenly over its expected useful life, as follows:
Plant and Machinery - 20% reducing balance
Office Equipment/Computers - 25% reducing balance
Furniture and Fittings - 10% reducing balance
Motor Vehicles - 20% reducing balance

Valuation information and policy
Stocks are stated at the lower of cost and net realisable value. In establishing cost, stocks and work in progress have been valued on a first in first out basis. Cost comprises, in the case of raw materials, the purchase price and in the case of work in progress, direct materials, direct labour and direct expenses. Net realisable value is based on estimated selling price after taking into account all further costs expected to be incurred to completion and disposal.

2Tangible fixed assets

	£
Cost
At 1 April 2014	13,892
Additions	3,739
Disposals	(1,000)
Revaluations	-
Transfers	-
At 31 March 2015	16,631
Depreciation
At 1 April 2014	5,288
Charge for the year	2,374
On disposals	-
At 31 March 2015	7,662
Net book values
At 31 March 2015	8,969
At 31 March 2014	8,604

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1,000 Ordinary shares of £1 each	1,000	1,000