IPW_LIMITED - Accounts

IPW LIMITED - Company Information

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Company Registration No. 05444874 (England and Wales)

IPW LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

IPW LIMITED

CONTENTS

PAGE

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

IPW LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

FIXED ASSETS

Investments

175,877

175,875

CURRENT ASSETS

Cash at bank and in hand

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

(175,875)

(144,625)

NET CURRENT LIABILITIES

(175,875)

(144,623)

TOTAL ASSETS LESS CURRENT LIABILITIES

31,252

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

(31,250)

CAPITAL AND RESERVES

Called up share capital

SHAREHOLDERS' FUNDS

IPW LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 14 September 2016

D I Rankin

DIRECTOR

COMPANY REGISTRATION NO. 05444874

IPW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

ACCOUNTING POLICIES

1.1

ACCOUNTING CONVENTION

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

1.2

COMPLIANCE WITH ACCOUNTING STANDARDS

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

INVESTMENTS

Fixed asset investments are stated at cost less provision for diminution in value.

FIXED ASSETS

Investments

COST

At 1 January 2015

175,875

Additions

At 31 December 2015

175,877

At 31 December 2014

175,875

HOLDINGS OF MORE THAN 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

SUBSIDIARY UNDERTAKINGS

Interpower Induction Limited

England

Ordinary

100.00

Adroit Engineering Limited

England

Ordinary

100.00

Melting Solutions Limited

England

Ordinary

100.00

IPW LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

FIXED ASSETS

(Continued)

- 4 -

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

PRINCIPAL ACTIVITY

Interpower Induction Limited

Engineering

609,918

(16,799)

Adroit Engineering Limited

Engineering

11,435

57,907

Melting Solutions Limited

Dormant

SHARE CAPITAL

2015

2014

ALLOTTED, CALLED UP AND FULLY PAID

2 Ordinary of £1 each

ULTIMATE PARENT COMPANY

The ultimate parent company is Interpower Induction Process Equipment S-Corp which owns 100% of the issued share capital.