In2digi Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 07297396 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

In2digi Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Afghan

R P Almeida

H M Innes

H A Parmar

SECRETARY:

REGISTERED OFFICE:

OFFICE 5

229 HYDE END ROAD

SPENCERS WOOD

READING

Berkshire

RG7 1BU

REGISTERED NUMBER:

07297396 (England and Wales)

ACCOUNTANTS:

EDMONDS ACCOUNTANCY LIMITED

HAWTHORNS

ODIHAM ROAD

RISELEY

READING

Berkshire

RG7 1SD

FIXED ASSETS

Tangible assets

2

1,931

1,400

CURRENT ASSETS

Stocks

4,596

6,489

Debtors

335

-

Cash at bank

3,380

3,342

8,311

9,831

CREDITORS

Amounts falling due within one year

73,356

73,464

NET CURRENT LIABILITIES

(65,045

)

(63,633

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(63,114

)

(62,233

)

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

(63,214

)

(62,333

)

SHAREHOLDERS' FUNDS

(63,114

)

(62,233

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 16 July 2016 and were signed on its behalf by:

H M Innes - Director

H A Parmar - 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

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

3,701

Additions

1,184

At 31 December 2015

4,885

DEPRECIATION

At 1 January 2015

2,301

Charge for year

653

At 31 December 2015

2,954

NET BOOK VALUE

At 31 December 2015

1,931

At 31 December 2014

1,400

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

10,000

Ordinary

£0.01

100

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company has a negative net assets on its balance sheet of £63,114 (prior year £62,233) which is funded by

loans from its directors. There is an ongoing commitment to continue this line of credit for at least 12 months and

so the accounts are prepared on a going concern basis.