Independent Observations Limited - Period Ending 2015-04-30

Registration number: 08469316

Independent Observations Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

AIMS Accountants For Business
Montpelier Accountancy Limited
7 Montpelier
Quarndon
Derby
DE22 5JW

Independent Observations Limited
(Registration number: 08469316)
Abbreviated Balance Sheet at 30 April 2015

		Note			30 April 2015 £			30 April 2014 £
Fixed assets
Tangible fixed assets					170			-
Current assets
Debtors					634			-
Cash at bank and in hand					-			1,294
					634			1,294
Creditors: Amounts falling due within one year					(13,358)			(10,493)
Net current liabilities					(12,724)			(9,199)
Net liabilities					(12,554)			(9,199)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(12,654)			(9,299)
Shareholders' deficit					(12,554)			(9,199)

For the year ending 30 April 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 31 January 2016 and signed on its behalf by:

.........................................
Nicholas Truesdale
Director

The notes on page 2 form an integral part of these financial statements.
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Independent Observations Limited
Notes to the Abbreviated Accounts for the Year Ended 30 April 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		213			213
At 30 April 2015		213			213
Depreciation
Charge for the year		43			43
At 30 April 2015		43			43
Net book value
At 30 April 2015		170			170

3	Share capital

Allotted, called up and fully paid shares

	30 April 2015						30 April 2014
		No.			£			No.			£
Ordinary share of £0.01 each		10,000			100			10,000			100

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