Index Business Supplies Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 02855211 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015

FOR

INDEX BUSINESS SUPPLIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr S Heed

Mr S E Cardy

Mr W Jiggins

SECRETARY:

Mr S Heed

REGISTERED OFFICE:

Unit 1

Dagenham Business Centre

123 Rainham Road North

Dagenham

Essex

RM10 7FD

REGISTERED NUMBER:

02855211 (England and Wales)

ACCOUNTANTS:

CKS Accountancy Limited

1349/1353 London Road

Leigh-on-Sea

Essex

SS9 2AB

FIXED ASSETS

Tangible assets

2

41,230

47,028

CURRENT ASSETS

Stocks

1,037

975

Debtors

125,993

128,031

Cash at bank

77,247

104,797

204,277

233,803

CREDITORS

Amounts falling due within one year

181,359

200,725

NET CURRENT ASSETS

22,918

33,078

TOTAL ASSETS LESS CURRENT LIABILITIES

64,148

80,106

CREDITORS

Amounts falling due after more than one year

-

630

NET ASSETS

64,148

79,476

CAPITAL AND RESERVES

Called up share capital

3

170

160

Profit and loss account

63,978

79,316

SHAREHOLDERS' FUNDS

64,148

79,476

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 5 April 2016 and were signed on its behalf by:

Mr S Heed - Director

Mr S E Cardy - 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 goods, excluding value added tax.

Tangible fixed assets

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

Leasehold Property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement,

as either 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.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair

value. The capital element of the future payments is treated as a liability and the interest is charged to the profit

and loss account on a straight line basis.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

80,724

Additions

3,151

At 31 October 2015

83,875

DEPRECIATION

At 1 November 2014

33,696

Charge for year

8,949

At 31 October 2015

42,645

NET BOOK VALUE

At 31 October 2015

41,230

At 31 October 2014

47,028

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

50

Ordinary 'A'

£1

50

50

100

Ordinary 'B'

£1

100

100

20

Ordinary 'C'

£1

20

10

170

160

10 Ordinary 'C' shares of £1 each were allotted and fully paid for cash at par during the year.