Abbreviated Company Accounts - INSOMNIAC DESIGN LIMITED

Abbreviated Company Accounts - INSOMNIAC DESIGN LIMITED

INSOMNIAC DESIGN LIMITED - Company Information

Print Friendly Version

Registered Number 09045034

INSOMNIAC DESIGN LIMITED

Abbreviated Accounts

31 May 2015

INSOMNIAC DESIGN LIMITED Registered Number 09045034

Abbreviated Balance Sheet as at 31 May 2015

Notes 2015
£
Current assets
Debtors 9,144
Cash at bank and in hand 1,432
10,576
Net current assets (liabilities) 10,576
Total assets less current liabilities 10,576
Creditors: amounts falling due after more than one year (12,391)
Total net assets (liabilities) (1,815)
Capital and reserves
Called up share capital 2 100
Profit and loss account (1,915)
Shareholders' funds (1,815)
  • For the year ending 31 May 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 February 2016

And signed on their behalf by:
Mr D McKee, Director

INSOMNIAC DESIGN LIMITED Registered Number 09045034

Notes to the Abbreviated Accounts for the period ended 31 May 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Other accounting policies
Foreign currency
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

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 an interest expense in the profit and loss account.

2Called Up Share Capital
Allotted, called up and fully paid:
2015
£
100 Ordinary shares of £1 each 100

3Transactions with directors

Name of director receiving advance or credit: Mr D McKee
Description of the transaction: Share purchase
Balance at 16 May 2014: -
Advances or credits made: £ 100
Advances or credits repaid: -
Balance at 31 May 2015: £ 100