Abbreviated Company Accounts - IMS INDEPENDENT MORTGAGE SOLUTIONS LTD

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD - Company Information

06745929 IMS INDEPENDENT MORTGAGE SOLUTIONS LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06745929 2015-04-01 2016-03-31 06745929 2016-03-31 06745929 2015-03-31 06745929 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06745929 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06745929

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD

Abbreviated Accounts

31 March 2016

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD Registered Number 06745929

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	2,136
		-	2,136
Current assets
Debtors		141,773	63,630
Cash at bank and in hand		13,184	4,161
		154,957	67,791
Creditors: amounts falling due within one year		(18,804)	(21,177)
Net current assets (liabilities)		136,153	46,614
Total assets less current liabilities		136,153	48,750
Provisions for liabilities		-	(316)
Total net assets (liabilities)		136,153	48,434
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		136,152	48,433
Shareholders' funds		136,153	48,434

For the year ending 31 March 2016 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 24 June 2016

And signed on their behalf by:
Mrs M Niziol, Director

IMS INDEPENDENT MORTGAGE SOLUTIONS LTD Registered Number 06745929

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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

Tangible assets depreciation policy
Tangible fixed assets are stated cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:-

Fixtures and fittings - 25% straight line
Computer equipment - 25% straight line

2Tangible fixed assets

	£
Cost
At 1 April 2015	20,715
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	20,715
Depreciation
At 1 April 2015	18,579
Charge for the year	2,136
On disposals	-
At 31 March 2016	20,715
Net book values
At 31 March 2016	0
At 31 March 2015	2,136

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Mrs M Niziol
Description of the transaction:	Directors loan account
Balance at 1 April 2015:	£ 19,674
Advances or credits made:	-
Advances or credits repaid:	£ 19,674
Balance at 31 March 2016:	£ 0

Ultimate controlling party
The company's ultimate controlling party is IMS Solutions Holding Limited by virtue of their ownership of 100% of the share capital in the company.