Abbreviated Company Accounts - IRIDIUM LIMITED

06992387 IRIDIUM LIMITED 2015-08-31 false 2014-09-01 2015-08-31 true 06992387 2014-09-01 2015-08-31 06992387 2015-08-31 06992387 2014-08-31 06992387 uk-gaap-cd-bus:Director1 2014-09-01 2015-08-31 06992387 uk-gaap-cd-bus:Director2 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-09-01 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-31 iso4217:GBP shares

Registered Number 06992387

IRIDIUM LIMITED

Abbreviated Accounts

31 August 2015

IRIDIUM LIMITED Registered Number 06992387

Abbreviated Balance Sheet as at 31 August 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	2	3,239	3,619
		3,239	3,619
Current assets
Debtors		7,396	5,630
Cash at bank and in hand		9,744	5,642
		17,140	11,272
Creditors: amounts falling due within one year		(19,783)	(13,645)
Net current assets (liabilities)		(2,643)	(2,373)
Total assets less current liabilities		596	1,246
Total net assets (liabilities)		596	1,246
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		594	1,244
Shareholders' funds		596	1,246

For the year ending 31 August 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 13 May 2016

And signed on their behalf by:
P Tomkins, Director

IRIDIUM LIMITED Registered Number 06992387

Notes to the Abbreviated Accounts for the period ended 31 August 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.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year , exclusive of value added tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Office equipment 20% straight line

2Tangible fixed assets

	£
Cost
At 1 September 2014	4,845
Additions	680
Disposals	-
Revaluations	-
Transfers	-
At 31 August 2015	5,525
Depreciation
At 1 September 2014	1,226
Charge for the year	1,060
On disposals	-
At 31 August 2015	2,286
Net book values
At 31 August 2015	3,239
At 31 August 2014	3,619

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
2 Ordinary shares of £1 each	2	2