Abbreviated Company Accounts - INSTANT MAILING SERVICES LIMITED

INSTANT MAILING SERVICES LIMITED - Company Information

07252346 INSTANT MAILING SERVICES LIMITED 2015-05-31 false 2014-06-01 2015-05-31 true 07252346 2014-06-01 2015-05-31 07252346 2015-05-31 07252346 2014-05-31 07252346 uk-gaap-cd-bus:Director1 2014-06-01 2015-05-31 07252346 uk-gaap-cd-bus:Director2 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-01 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 iso4217:GBP shares

Registered Number 07252346

INSTANT MAILING SERVICES LIMITED

Abbreviated Accounts

31 May 2015

INSTANT MAILING SERVICES LIMITED Registered Number 07252346

Abbreviated Balance Sheet as at 31 May 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	17,987	21,243
		17,987	21,243
Current assets
Stocks		17,455	-
Debtors		72,164	113,196
Cash at bank and in hand		31,660	35,015
		121,279	148,211
Creditors: amounts falling due within one year		(113,503)	(118,759)
Net current assets (liabilities)		7,776	29,452
Total assets less current liabilities		25,763	50,695
Creditors: amounts falling due after more than one year		(24,500)	(28,978)
Total net assets (liabilities)		1,263	21,717
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,163	21,617
Shareholders' funds		1,263	21,717

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 17 February 2016

And signed on their behalf by:
MR T JONES, Director

INSTANT MAILING SERVICES LIMITED Registered Number 07252346

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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods 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% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance

Valuation information and policy
Stock & work in progress
Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
Leasing
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees' service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets

	£
Cost
At 1 June 2014	55,512
Additions	2,740
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2015	58,252
Depreciation
At 1 June 2014	34,269
Charge for the year	5,996
On disposals	-
At 31 May 2015	40,265
Net book values
At 31 May 2015	17,987
At 31 May 2014	21,243

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

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