IQ MEGA STORE LTD - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 07456207 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

IQ MEGA STORE LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Iqbal

REGISTERED OFFICE:

163 Francis Road

London

E10 6NT

REGISTERED NUMBER:

07456207 (England and Wales)

ACCOUNTANTS:

Dean Sullivan Limited

Chartered Certified Accountants

163 Francis Road

London

E10 6NT

FIXED ASSETS

Tangible assets

2

-

198,899

CURRENT ASSETS

Debtors

80

14,504

Cash at bank and in hand

7

827

87

15,331

CREDITORS

Amounts falling due within one year

37,161

75,075

NET CURRENT LIABILITIES

(37,074

)

(59,744

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(37,074

)

139,155

CREDITORS

Amounts falling due after more than one year

837,511

780,237

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

(874,586

)

(641,083

)

SHAREHOLDERS' FUNDS

(874,585

)

(641,082

)

(37,074

)

139,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 September 2014 and were signed by:

S Iqbal - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

325,070

Disposals

(325,070

)

At 31 December 2013

-

DEPRECIATION

At 1 January 2013

126,171

Eliminated on disposal

(126,171

)

At 31 December 2013

-

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

198,899

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

1

Ordinary

1

1

1