Income Logistics Limited |
Registered number: |
05951748 |
Abbreviated Balance Sheet |
as at 31 October 2015 |
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Current assets |
Annuities |
|
|
53,849 |
|
|
59,227 |
Debtors |
|
|
3,754 |
|
|
1,900 |
Cash at bank and in hand |
|
|
6,830 |
|
|
4,993 |
|
|
|
64,433 |
|
|
66,120 |
|
Creditors: amounts falling due within one year |
|
|
(5,127) |
|
|
(1,309) |
|
Net current assets |
|
|
|
59,306 |
|
|
64,811 |
|
Net assets |
|
|
|
59,306 |
|
|
64,811 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
2 |
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
59,206 |
|
|
64,711 |
|
Shareholders' funds |
|
|
|
59,306 |
|
|
64,811 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
Mr E J C Westlake |
Director |
Approved by the board on 9 March 2016 |
|
Income Logistics Limited |
Notes to the Abbreviated Accounts |
for the year ended 31 October 2015 |
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective 1 January 2015). |
|
|
Turnover |
|
Income from Annuities reprepsents the value of income received with respect to the annuities invested in. |
|
|
Stocks |
|
Annuities are valued at cost and written off over the actuarial life of each policy which is deemed to be 15 years. |
|
|
2 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
3 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
|
Mr E J C Westlake |
|
Repayable on demand |
- |
|
1,854 |
|
- |
|
1,854 |
|
|
|
- |
|
1,854 |
|
- |
|
1,854 |
|
|
|
|
|
|
|
|
|