Abbreviated Company Accounts - IN YOUR ELEMENT LTD

IN YOUR ELEMENT LTD - Company Information

NI619268 IN YOUR ELEMENT LTD 2015-07-31 false 2014-08-01 2015-07-31 true NI619268 2014-08-01 2015-07-31 NI619268 2015-07-31 NI619268 2014-07-31 NI619268 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 NI619268 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number NI619268

IN YOUR ELEMENT LTD

Abbreviated Accounts

31 July 2015

IN YOUR ELEMENT LTD Registered Number NI619268

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	100
Fixed assets
Intangible assets	2	4,080	-
Tangible assets	3	1,080	-
		5,160	-
Current assets
Debtors		1,790	-
Cash at bank and in hand		5	-
		1,795	-
Creditors: amounts falling due within one year		(6,837)	-
Net current assets (liabilities)		(5,042)	-
Total assets less current liabilities		118	100
Total net assets (liabilities)		118	100
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		18	-
Shareholders' funds		118	100

For the year ending 31 July 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 25 April 2016

And signed on their behalf by:
Leeann Kathleen Monk, Director

IN YOUR ELEMENT LTD Registered Number NI619268

Notes to the Abbreviated Accounts for the period ended 31 July 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 10% straight line

Intangible assets amortisation policy
Amortisation is provided at rates calculated to write off the cost less residual value of the development expenditure over the period from which the company is expected to benefit, as follows:
Development costs - 15% straight line

Other accounting policies
Research and development

Research expenditure is written off to the profit and loss account in the year in which it is incurred.
Development expenditure is written off in the same year unless the directors are satisfied as to the
technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.

2Intangible fixed assets

	£
Cost
At 1 August 2014	-
Additions	4,800
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	4,800
Amortisation
At 1 August 2014	-
Charge for the year	720
On disposals	-
At 31 July 2015	720
Net book values
At 31 July 2015	4,080
At 31 July 2014	-

3Tangible fixed assets

	£
Cost
At 1 August 2014	-
Additions	1,200
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	1,200
Depreciation
At 1 August 2014	-
Charge for the year	120
On disposals	-
At 31 July 2015	120
Net book values
At 31 July 2015	1,080
At 31 July 2014	-

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100