The Ikon Partnership Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02880787 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

The Ikon Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

A J H Rowe

SECRETARY:

A J H Rowe

REGISTERED OFFICE:

Unit 3

New Zealand Road

Stockport

Cheshire

SK1 4AG

REGISTERED NUMBER:

02880787 (England and Wales)

ACCOUNTANTS:

Smart Accountancy Limited

21 Beechfield Drive

Middlewich

Cheshire

CW10 9QE

FIXED ASSETS

Tangible assets

2

15,925

2,264

CURRENT ASSETS

Debtors

52,590

59,696

Cash at bank and in hand

22,648

28,045

75,238

87,741

CREDITORS

Amounts falling due within one year

31,698

30,142

NET CURRENT ASSETS

43,540

57,599

TOTAL ASSETS LESS CURRENT LIABILITIES

59,465

59,863

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

59,463

59,861

SHAREHOLDERS' FUNDS

59,465

59,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 27 May 2016 and were signed by:

A J H Rowe - 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 January 2015).

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 each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 20% on reducing balance

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

155,485

Additions

20,565

Disposals

(117,975

)

At 30 November 2015

58,075

DEPRECIATION

At 1 December 2014

153,221

Charge for year

6,299

Eliminated on disposal

(117,370

)

At 30 November 2015

42,150

NET BOOK VALUE

At 30 November 2015

15,925

At 30 November 2014

2,264

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

£

2

Ordinary

£1

2

2