2014-04-01
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Private Limited Company
03070961
2015-03-31
03070961
2014-04-01
2015-03-31
03070961
2014-03-31
03070961
2013-04-01
2014-03-31
03070961
uk-bus:Director1
2014-04-01
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03070961
uk-gaap:PlantMachinery
2014-04-01
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iso4217:GBP
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03070961
2
Inch Blue Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Accountants' Report
For the year ended 31 March 2015
Inch Blue Limited
| In order to assist you to fulfil your duties under Companies Act 2006, we have prepared for your approval the |
| accounts of Inch Blue Limited for the year ended 31 March 2015 which comprise the Profit and Loss Account, |
| Statement of Recognised Gains and Losses, the Balance Sheet and the related notes from the company's |
| accounting records and from information and explanations you have given us. |
| As a practising firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other |
| professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the Board of Directors of Inch Blue Limited, as a body, in accordance with the terms of |
| our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of |
| Inch Blue Limited and state those matters that we have agreed to state to the Board of Directors of Inch Blue |
| Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified |
| Accountants and as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we |
| do not accept or assume responsibility to anyone other than Inch Blue Limited and its Board of Directors as a body |
| for our work or for this report. |
| It is your duty to ensure that Inch Blue Limited has kept adequate accounting records and to prepare statutory |
| accounts that give a true and fair view of the assets, liabilities, financial position and profit of Inch Blue Limited. You |
| consider that Inch Blue Limited is exempt from the statutory audit requirement for the year. |
Adrian Menear
83 St Martins Road
Caerphilly
Mid Glamorgan
CF83 1EH
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4
| Abbreviated Balance Sheet |
Inch Blue Limited
2015
2014
2
19,336
10,970
19,336
10,970
15,000
15,500
176,802
149,046
178,585
239,840
343,131
431,642
| Creditors: amounts falling due within one year |
(208,724)
(107,973)
222,918
235,158
Net current assets
| Total assets less current liabilities |
254,494
233,888
(3,382)
(1,602)
| Provisions for liabilities |
251,112
Net assets
232,286
100
100
251,012
232,186
251,112
232,286
Shareholders funds
| For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) 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. |
| Date approved by the board: 29 January 2016 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Inch Blue Limited
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange |
| ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the |
| transaction. All foreign exchange differences are included to the profit and loss account. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and Machinery
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
For the year ended 31 March 2015
Inch Blue Limited
85,015
19,785
104,800
74,045
11,419
Charge for year
85,464
19,336
10,970
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