In-Part Publishing Limited - Period Ending 2013-12-31

Registration number: 08342655

In-Part Publishing Limited

Unaudited Abbreviated Accounts

for the Period from 28 December 2012 to 31 December 2013

 

Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ

In-Part Publishing Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
In-Part Publishing Limited
for the Period Ended 31 December 2013

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of In-Part Publishing Limited for the period ended 31 December 2013 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of In-Part Publishing Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of In-Part Publishing Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than In-Part Publishing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that In-Part Publishing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of In-Part Publishing Limited. You consider that In-Part Publishing Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of In-Part Publishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Appleby Randall Limited
AIMS Accountants for Business
82 Upper Hanover Street
Sheffield
South Yorkshire
S3 7RQ

24 September 2014

Page 1

In-Part Publishing Limited
(Registration number: 08342655)
Abbreviated Balance Sheet at 31 December 2013

		Note			31 December 2013 £
Fixed assets
Tangible fixed assets					4,273
Current assets
Debtors					13,938
Cash at bank and in hand					27,850
					41,788
Creditors: Amounts falling due within one year					(12,113)
Net current assets					29,675
Net assets					33,948
Capital and reserves
Called up share capital		3			200
Share premium account					49,960
Profit and loss account					(16,212)
Shareholders' funds					33,948

For the year ending 31 December 2013 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 24 September 2014 and signed on its behalf by:

.........................................
John Patrick Speedie
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

In-Part Publishing Limited
Notes to the Abbreviated Accounts for the Period from 28 December 2012 to 31 December 2013
......... 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
Office equipment	33% straight line
Other tangible assets	33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

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.

2	Fixed assets

		Tangible assets £			Total £
Cost
Additions		4,310			4,310
At 31 December 2013		4,310			4,310
Depreciation
Charge for the period		37			37
At 31 December 2013		37			37
Net book value
At 31 December 2013		4,273			4,273

Page 3

In-Part Publishing Limited
Notes to the Abbreviated Accounts for the Period from 28 December 2012 to 31 December 2013
......... continued

3	Share capital

Allotted, called up and fully paid shares

	31 December 2013
		No.			£
Ordinary Shares of £1 each		190			190
A Ordinary Shares of £1 each		10			10
		200			200

New shares allotted

During the period 100 Ordinary Shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. These shares were issued upon the incorporation of the company.

During the period 10 A Ordinary Shares having an aggregate nominal value of £10 were allotted for an aggregate consideration of £10. These shares were issued to allow additional investment in the company.

During the period 50 Ordinary Shares having an aggregate nominal value of £50 were allotted for an aggregate consideration of £50. These shares were issued to allow additional investment in the company.

During the period 40 Ordinary Shares having an aggregate nominal value of £40 were allotted for an aggregate consideration of £50,000. These shares were issued to facilitate additional investment in the company.

4	Related party transactions

Directors' advances and credits

	28 December 2012 to 31 December 2013 Advance/ Credit £	28 December 2012 to 31 December 2013 Repaid £
John Patrick Speedie
Monies lent to the company by John Patrick Speedie	(1,668)	282

Page 4