Idexea Limited - Abbreviated accounts 16.1

Idexea Limited - Abbreviated accounts 16.1

IDEXEA LIMITED - Company Information

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REGISTERED NUMBER: 05771078 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 MAY 2014 TO 31 OCTOBER 2015

FOR

IDEXEA LIMITED

IDEXEA LIMITED (REGISTERED NUMBER: 05771078)

CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Period 1 May 2014 to 31 October 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

IDEXEA LIMITED

COMPANY INFORMATION
For The Period 1 May 2014 to 31 October 2015







DIRECTOR: D Ireland





SECRETARY: M Ireland





REGISTERED OFFICE: Greenbanks
Linersh Wood
Bramley
Surrey
GU5 0EF





REGISTERED NUMBER: 05771078 (England and Wales)
Page 1
IDEXEA LIMITED (REGISTERED NUMBER: 05771078)

ABBREVIATED BALANCE SHEET
31 October 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,736 605

CURRENT ASSETS
Debtors 56,145 44,753
Cash in hand 4,142 368
60,287 45,121
CREDITORS
Amounts falling due within one year 45,958 39,577
NET CURRENT ASSETS 14,329 5,544
TOTAL ASSETS LESS CURRENT
LIABILITIES
17,065
6,149

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 17,063 6,147
SHAREHOLDERS' FUNDS 17,065 6,149

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 28 July 2016 and were signed by:





D Ireland - Director


The notes form part of these abbreviated accounts

Page 2
IDEXEA LIMITED (REGISTERED NUMBER: 05771078)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Period 1 May 2014 to 31 October 2015


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 April 2008).

Turnover
Turnover represents sales of IT consultancy services, excluding value added tax, performed during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment - 33% on cost

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 May 2014 8,133
Additions 3,540
Disposals (6,552 )
At 31 October 2015 5,121
DEPRECIATION
At 1 May 2014 7,528
Charge for period 887
Eliminated on disposal (6,030 )
At 31 October 2015 2,385
NET BOOK VALUE
At 31 October 2015 2,736
At 30 April 2014 605

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

Page 3 continued...
IDEXEA LIMITED (REGISTERED NUMBER: 05771078)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Period 1 May 2014 to 31 October 2015


4. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 October 2015 and the year
ended 30 April 2014:

2015 2014
£    £   
D Ireland
Balance outstanding at start of period 33,593 17,146
Amounts advanced 61,411 40,493
Amounts repaid (52,929 ) (24,046 )
Balance outstanding at end of period 42,075 33,593

Interest is being charged on the director's loan at a rate of 4% per annum and it is repayable upon demand.

5. ULTIMATE CONTROLLING PARTY

D Ireland and his close family members are considered to be the ultimate controlling parties by virtue of their
ability to act in concert in respect of the financial and operating policies.

Page 4