IRYO Communications Limited - Accounts

IRYO COMMUNICATIONS LIMITED - Company Information

1 February 2015 1 0 07483937 2015-02-01 2016-01-31 07483937 2015-01-31 07483937 2016-01-31 07483937 2014-02-01 2015-01-31 07483937 2014-01-31 07483937 2015-01-31 07483937 uk-bus:Director1 2015-02-01 2016-01-31 07483937 uk-gaap:OfficeEquipment 2015-02-01 2016-01-31 07483937 uk-bus:OrdinaryShareClass1 2016-01-31 07483937 uk-bus:OrdinaryShareClass1 2015-01-31 07483937 uk-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares

	Registered number
	07483937

	IRYO Communications Limited
	Abbreviated Unaudited Accounts
	for the year ended
	31 January 2016

	Notes		2016 £		2015 £
Fixed Assets	2
Intangible Assets			3,688		4,438
Tangible Assets			2,724		4,931
			6,412		9,369

Current Assets
Debtors		65,968		73,046
Cash at bank and in hand		8,466		22,854
		74,434		95,900

Creditors: amounts falling due within one year		80,519		90,547

Net Current Assets / (Liabilities)			(6,085)		5,353

Total Assets Less Current Liabilities			327		14,722

Total Net Assets (Liabilities)			327		14,722

Capital and reserves
Called up share capital	3		100		100
Profit & Loss Account			227		14,622
Shareholders' Funds			327		14,722

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31 January 2016 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.

Signed on behalf of the board of directors

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

Mr G Young

Director

Approved by the board on 31 March 2016

Accounting policies

Basis of accounting
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding VAT having regard to the fulfilment of contractual obligations.

Tangible fixed assets depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

20% Straight Line

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or a right to pay less) tax at a future date, at the tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.

2.	Fixed assets

	Intangible Fixed Assets	Tangible Fixed Assets	Total
Cost	£	£	£
At 31 January 2015	7,500	12,112	19,612
Additions	0	3,287	3,287
Disposals	0	4,232	4,232
At 31 January 2016	7,500	11,167	18,667

Depreciation
At 31 January 2015	3,062	7,181	10,243
On disposals	0	846	846
Charge for period	750	2,108	2,858
At 31 January 2016	3,812	8,443	12,255

Net book values
At 31 January 2016	3,688	2,724	6,412
At 31 January 2015	4,438	4,931	9,369

Share capital
	2016	2015
	£	£
Allotted, called up and fully paid:
100 (2015: 100) Ordinary shares of £1.00 each	100	100

	100	100