Company Registration No. 08803168 (England and Wales)
IZZOLI LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2015
IZZOLI LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
IZZOLI LTD
ABBREVIATED BALANCE SHEET
AS AT
31 DECEMBER 2015
31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,505
1,376
Current assets
Debtors
61,829
33,654
Cash at bank and in hand
8,971
4,121
70,800
37,775
Creditors: amounts falling due within one year
(21,629)
(17,439)
Net current assets
49,171
20,336
Total assets less current liabilities
57,676
21,712
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
57,576
21,612
Shareholders' funds
57,676
21,712
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 27 September 2016
Ms E A Vaughan
Director
Company Registration No. 08803168
IZZOLI LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2015
- 2 -
1
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
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33.33% Straight Line
Fixtures, fittings & equipment
25% on reducing balance
2
Fixed assets
Tangible assets
£
Cost
At 1 January 2015
2,063
Additions
11,608
At 31 December 2015
13,671
Depreciation
At 1 January 2015
687
Charge for the year
4,479
At 31 December 2015
5,166
Net book value
At 31 December 2015
8,505
At 31 December 2014
1,376
IZZOLI LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2015
- 3 -
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary share of £1 each
100
100
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