Ilaunder Limited - Period Ending 2015-07-31

Registration number: 9121927

Ilaunder Limited

Unaudited Abbreviated Accounts

for the Period from 8 July 2014 to 31 July 2015

 

Moffatt & Co
Chartered Accountants
Progress House
396 Wilmslow Road
Withington
Manchester
M20 3BN

Ilaunder Limited
(Registration number: 9121927)
Abbreviated Balance Sheet at 31 July 2015

		Note			31 July 2015 £
Fixed assets
Tangible fixed assets					2,699
Current assets
Stocks					3,273
Debtors					583
Cash at bank and in hand					659
					4,515
Creditors: Amounts falling due within one year					(8,705)
Net current liabilities					(4,190)
Net liabilities					(1,491)
Capital and reserves
Called up share capital		3			100
Profit and loss account					(1,591)
Shareholders' deficit					(1,491)

For the year ending 31 July 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the director on 28 January 2016

.........................................
Mrs Rachel Ingham
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
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Ilaunder Limited
Notes to the Abbreviated Accounts for the Period from 8 July 2014 to 31 July 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).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

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
Plant & Machinery	25% Reducing Balance
Office Equipment	25% Reducing Balance

Stock and work in progress

Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

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.

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Ilaunder Limited
Notes to the Abbreviated Accounts for the Period from 8 July 2014 to 31 July 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		3,600			3,600
At 31 July 2015		3,600			3,600
Depreciation
Charge for the period		901			901
At 31 July 2015		901			901
Net book value
At 31 July 2015		2,699			2,699

3	Share capital

Allotted, called up and fully paid shares

	31 July 2015
		No.			£
Ordinary Shares of £1 each		100			100

New shares allotted

During the period 100 Ordinary Shares having an aggregate nominal value of £1 were allotted for an aggregate consideration of £100. First Year.

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