Abbreviated Company Accounts - ID SIGNS & GRAPHICS LIMITED

ID SIGNS & GRAPHICS LIMITED - Company Information

NI610214 ID SIGNS & GRAPHICS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true NI610214 2014-04-01 2015-03-31 NI610214 2015-03-31 NI610214 2014-03-31 NI610214 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 NI610214 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 NI610214

ID SIGNS & GRAPHICS LIMITED

Abbreviated Accounts

31 March 2015

ID SIGNS & GRAPHICS LIMITED Registered Number NI610214

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	34,656	23,753
		34,656	23,753
Current assets
Stocks		29,166	21,411
Debtors		31,178	21,037
Cash at bank and in hand		3,043	894
		63,387	43,342
Net current assets (liabilities)		63,387	43,342
Total assets less current liabilities		98,043	67,095
Creditors: amounts falling due after more than one year		(77,771)	(77,691)
Total net assets (liabilities)		20,272	(10,596)
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		20,271	(10,597)
Shareholders' funds		20,272	(10,596)

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 December 2015

And signed on their behalf by:
Ian Johnston, Director

ID SIGNS & GRAPHICS LIMITED Registered Number NI610214

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 represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Stock is valued at the lower of cost and net realisable value.

2Tangible fixed assets

	£
Cost
At 1 April 2014	33,509
Additions	21,489
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	54,998
Depreciation
At 1 April 2014	9,756
Charge for the year	10,586
On disposals	-
At 31 March 2015	20,342
Net book values
At 31 March 2015	34,656
At 31 March 2014	23,753

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

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