Intelligent Building Processes Limited - Limited company - abbreviated - 11.9

Intelligent Building Processes Limited - Limited company - abbreviated - 11.9

INTELLIGENT BUILDING PROCESSES LIMITED - Company Information

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REGISTERED NUMBER: 07436987 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 November 2015

for

Intelligent Building Processes Limited

Intelligent Building Processes Limited (Registered number: 07436987)






Contents of the Abbreviated Accounts
for the Year Ended 30 November 2015




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 3

Intelligent Building Processes Limited (Registered number: 07436987)

Abbreviated Balance Sheet
30 November 2015

30.11.15 30.11.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 2,564 2,707
Tangible assets 3 5,475 8,172
8,039 10,879

CURRENT ASSETS
Stocks 100 100
Debtors 2,315 322
Cash at bank - 14,019
2,415 14,441
CREDITORS
Amounts falling due within one year 293,548 255,373
NET CURRENT LIABILITIES (291,133 ) (240,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(283,094		 )
(230,053		 )

CREDITORS
Amounts falling due after more than one
year
-
2,739
NET LIABILITIES (283,094 ) (232,792 )

CAPITAL AND RESERVES
Called up share capital 4 2 2
Retained earnings (283,096 ) (232,794 )
SHAREHOLDERS' FUNDS (283,094 ) (232,792 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 notes form part of these abbreviated accounts

1
Intelligent Building Processes Limited (Registered number: 07436987)

Abbreviated Balance Sheet - continued
30 November 2015


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 2 August 2016 and were signed on its behalf by:





Dr DPM Dineen - Director


The notes form part of these abbreviated accounts

2
Intelligent Building Processes Limited (Registered number: 07436987)

Notes to the Abbreviated Accounts
for the Year Ended 30 November 2015

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting
Standard for Smaller Entities (effective January 2015).

Intangible assets
Patents are amortised over their useful life.

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 - 33% on reducing balance

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014
and 30 November 2015 2,850
AMORTISATION
At 1 December 2014 143
Amortisation for year 143
At 30 November 2015 286
NET BOOK VALUE

At 30 November 2015 2,564
At 30 November 2014 2,707

3
Intelligent Building Processes Limited (Registered number: 07436987)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 November 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014
and 30 November 2015 35,118
DEPRECIATION
At 1 December 2014 26,946
Charge for year 2,697
At 30 November 2015 29,643
NET BOOK VALUE
At 30 November 2015 5,475
At 30 November 2014 8,172

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.15 30.11.14
value: £    £   
2 Ordinary £1 2 2

4