Abbreviated Company Accounts - IZM LIMITED

04696281 IZM LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 04696281 2014-04-01 2015-03-31 04696281 2015-03-31 04696281 2014-03-31 04696281 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04696281 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 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 04696281

IZM LIMITED

Abbreviated Accounts

31 March 2015

IZM LIMITED Registered Number 04696281

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	23,481	31,309
		23,481	31,309
Current assets
Debtors		369,227	438,668
Cash at bank and in hand		298,326	302,803
		667,553	741,471
Creditors: amounts falling due within one year		(12,180)	(23,314)
Net current assets (liabilities)		655,373	718,157
Total assets less current liabilities		678,854	749,466
Total net assets (liabilities)		678,854	749,466
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		678,754	749,366
Shareholders' funds		678,854	749,466

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 15 December 2015

And signed on their behalf by:
J.S. Wadlow, Director

IZM LIMITED Registered Number 04696281

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 VAT, of fees charged during the year and derives from the provision of services falling within the company's ordinary activities.

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
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Deferred taxation
Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes, except to the extent that the director considers that a liability to taxation is unlikely to materialise.

2Tangible fixed assets

	£
Cost
At 1 April 2014	78,047
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	78,047
Depreciation
At 1 April 2014	46,738
Charge for the year	7,828
On disposals	-
At 31 March 2015	54,566
Net book values
At 31 March 2015	23,481
At 31 March 2014	31,309

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

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	J.S. Wadlow
Description of the transaction:	Director's loan account
Balance at 1 April 2014:	£ 368,177
Advances or credits made:	-
Advances or credits repaid:	£ 66,887
Balance at 31 March 2015:	£ 301,290

Maximum balance in year - £368,177