Ian Sutton Limited,Ltd - Accounts

IAN SUTTON LTD - Company Information

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Ian Sutton Limited

For the year ended 31 December 2015

Unaudited Abbreviated Report and Financial Statements

England and Wales

Registered Number: 08827778

Contents Page

Ian Sutton Limited

For the year ended 31 December 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Ian Sutton Limited

Accountants' Report

For the year ended 31 December 2015

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 31 December 2015 and you consider that the company is exempt from an audit under the

Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and

explanations supplied to us.

Ian Styles Accountants

140a Longden Coleham

Shrewsbury

SY3 7DN

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Abbreviated Balance Sheet

Ian Sutton Limited

As at 31 December 2015

08827778

Registered Number :

2015

Notes

2014

Fixed assets

Tangible assets

514

467

514

467

Current assets

Debtors

3,307

11,049

Cash at bank and in hand

6,725

18,596

17,774

21,903

Creditors: amounts falling due within one year

(21,248)

(16,588)

655

1,186

Net current assets

Total assets less current liabilities

1,700

1,122

1,700

Net assets

1,122

Capital and reserves

Called up share capital

100

Profit and loss account

1,600

1,022

1,700

1,122

Shareholders funds

For the year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his 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.

Date approved by the board: 14 March 2016

I Sutton Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

Ian Sutton Limited

For the year ended 31 December 2015

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been

approved by the shareholders prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings

25% Straight line

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

622

At 01 January 2015

270

Additions

At 31 December 2015

892

Depreciation

155

At 01 January 2015

223

Charge for year

378

At 31 December 2015

Net book values

At 31 December 2015

514

467

At 31 December 2014

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Notes to the Abbreviated Financial Statements

Ian Sutton Limited

For the year ended 31 December 2015

3 Share capital

Allotted called up and fully paid

2015

2014

1 Ordinary share of £100.00 each

100

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