Integer Research Limited - Period Ending 2015-06-30

Registration number: 04240392

Integer Research Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2015
 

Peter Saxton & Co.
Accountants
362 Church Road
London
SW19 2QF

Integer Research Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Integer Research Limited
(Registration number: 04240392)
Abbreviated Balance Sheet at 30 June 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					70,324			69,317
Current assets
Stocks					77,824			-
Debtors					423,376			570,816
Cash at bank and in hand					109,536			123,808
					610,736			694,624
Creditors: Amounts falling due within one year					(524,343)			(645,869)
Net current assets					86,393			48,755
Total assets less current liabilities					156,717			118,072
Creditors: Amounts falling due after more than one year					(22,345)			(56,121)
Net assets					134,372			61,951
Capital and reserves
Called up share capital		3			3			3
Profit and loss account					134,369			61,948
Shareholders' funds					134,372			61,951

For the year ending 30 June 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 March 2016 and signed on its behalf by:

.........................................
Mr Oliver Lee Hatfield
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Integer Research Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 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

Asset class	Depreciation method and rate
Plant and machinery	20% to 33% straight line basis

Work in progress

Work in progress is 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.

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.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Pensions

The company operates a defined contribution pension scheme and the pension costs are the amounts paid by the company to the scheme in the year.

Page 2

Integer Research Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2014		127,488			127,488
Additions		33,172			33,172
At 30 June 2015		160,660			160,660
Depreciation
At 1 July 2014		58,171			58,171
Charge for the year		32,165			32,165
At 30 June 2015		90,336			90,336
Net book value
At 30 June 2015		70,324			70,324
At 30 June 2014		69,317			69,317

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary share capital of £1 each		3			3			3			3

Page 3