Impromill Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02649055 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 December 2015

for

Impromill Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr M Rabadia

Mr A M Rabadia

REGISTERED OFFICE:

214-216 Hornsey Road

London

N7 7LL

REGISTERED NUMBER:

02649055 (England and Wales)

ACCOUNTANTS:

KBMD Limited

Chartered Certified Accountants

& Registered Auditors

Maple House

382 Kenton Road

Harrow

Middlesex

HA3 9DP

FIXED ASSETS

Tangible assets

2

360,379

6,361

CURRENT ASSETS

Stocks

80,473

89,649

Debtors

268

6,577

Cash at bank and in hand

20,589

30,578

101,330

126,804

CREDITORS

Amounts falling due within one year

(54,642

)

(37,243

)

NET CURRENT ASSETS

46,688

89,561

TOTAL ASSETS LESS CURRENT
LIABILITIES

407,067

95,922

CREDITORS

Amounts falling due after more than one
year

(351,428

)

(46,200

)

NET ASSETS

55,639

49,722

CAPITAL AND RESERVES

Called up share capital

3

1,000

Profit and loss account

54,639

48,722

SHAREHOLDERS' FUNDS

55,639

49,722

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 26 September 2016 and were signed on its behalf
by:

Mr M Rabadia - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% 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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

34,391

Additions

355,607

At 31 December 2015

389,998

DEPRECIATION

At 1 January 2015

28,030

Charge for year

1,589

At 31 December 2015

29,619

NET BOOK VALUE

At 31 December 2015

360,379

At 31 December 2014

6,361

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

1,000

Ordinary Shares

£1.00

1,000