Idea 188 Limited - Period Ending 2015-12-31

Registration number: 06956737

Idea 188 Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Idea 188 Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Idea 188 Limited
(Registration number: 06956737)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					3,110			2,253
Current assets
Debtors					12,505			54,242
Cash at bank and in hand					13,111			29,928
					25,616			84,170
Creditors: Amounts falling due within one year					(172,554)			(143,044)
Net current liabilities					(146,938)			(58,874)
Net liabilities					(143,828)			(56,621)
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					(143,829)			(56,622)
Shareholders' deficit					(143,828)			(56,621)

For the year ending 31 December 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 27 May 2016 and signed on its behalf by:

.........................................
Mr A Beolchini
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Idea 188 Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the provision services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	25% Straight line

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		12,514			12,514
Additions		2,103			2,103
At 31 December 2015		14,617			14,617
Depreciation
At 1 January 2015		10,261			10,261
Charge for the year		1,246			1,246
At 31 December 2015		11,507			11,507
Net book value
At 31 December 2015		3,110			3,110
At 31 December 2014		2,253			2,253

Page 2

Idea 188 Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		1			1			1			1

Page 3