Abbreviated Company Accounts - IRAS LIMITED

Registered Number 02306753

IRAS LIMITED

Abbreviated Accounts

31 March 2015

IRAS LIMITED Registered Number 02306753

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	4,169	5,937
		4,169	5,937
Current assets
Debtors		787	-
Cash at bank and in hand		3,827	111
		4,614	111
Creditors: amounts falling due within one year		(11,112)	(6,071)
Net current assets (liabilities)		(6,498)	(5,960)
Total assets less current liabilities		(2,329)	(23)
Accruals and deferred income		(350)	(350)
Total net assets (liabilities)		(2,679)	(373)
Capital and reserves
Called up share capital		76	76
Other reserves		24	24
Profit and loss account		(2,779)	(473)
Shareholders' funds		(2,679)	(373)

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 14 December 2015

And signed on their behalf by:
MR B FRITH, Director

IRAS LIMITED Registered Number 02306753

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, yurnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

2Tangible fixed assets

	£
Cost
At 1 April 2014	17,688
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	17,688
Depreciation
At 1 April 2014	11,751
Charge for the year	1,768
On disposals	-
At 31 March 2015	13,519
Net book values
At 31 March 2015	4,169
At 31 March 2014	5,937