Abbreviated Company Accounts - IUFP GLOBAL LIMITED

Abbreviated Company Accounts - IUFP GLOBAL LIMITED


Registered Number 05206982

IUFP GLOBAL LIMITED

Abbreviated Accounts

31 August 2015

IUFP GLOBAL LIMITED Registered Number 05206982

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015 2014
£ £
Current assets
Debtors 1,885 1,885
Cash at bank and in hand 18 9
1,903 1,894
Creditors: amounts falling due within one year (49,875) (15,954)
Net current assets (liabilities) (47,972) (14,060)
Total assets less current liabilities (47,972) (14,060)
Creditors: amounts falling due after more than one year (58,439) (91,779)
Total net assets (liabilities) (106,411) (105,839)
Capital and reserves
Called up share capital 2 2
Profit and loss account (106,413) (105,841)
Shareholders' funds (106,411) (105,839)
  • 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 31 May 2016

And signed on their behalf by:
Mobolanle Akinkunle Makinde, Director

IUFP GLOBAL LIMITED Registered Number 05206982

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.

2Transactions with directors

Name of director receiving advance or credit: Ibilola Emiola Makinde Mobolanle Akinkunle Makinde
Description of the transaction: Advance against issue of share capital
Balance at 1 September 2014: £ 0
Advances or credits made: £ 33,421
Advances or credits repaid: -
Balance at 31 August 2015: £ 33,421

During the year, company has received amount of £33,421 as an advance money received against the issue of equity share capital from directors of the company.