iGSM Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08856744 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

iGSM Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

I Green

REGISTERED OFFICE:

Suite 5

GF Orange Zone

Halton 5

Runcorn

Cheshire

WA7 2HF

REGISTERED NUMBER:

08856744 (England and Wales)

ACCOUNTANTS:

Cheshire Taxation Services

35 Lincoln Close

Runcorn

WA7 4YX

FIXED ASSETS

Tangible assets

2

1,068

1,026

CURRENT ASSETS

Stocks

6,236

-

Debtors

371

2,740

Cash at bank

8,312

10,863

14,919

13,603

CREDITORS

Amounts falling due within one year

14,824

13,729

NET CURRENT ASSETS/(LIABILITIES)

95

(126

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,163

900

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

1,162

899

SHAREHOLDERS' FUNDS

1,163

900

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 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 23 September 2016 and were signed
by:

I Green - 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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight

line basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2015

1,368

Additions

400

At 31 December 2015

1,768

DEPRECIATION

At 1 January 2015

342

Charge for year

358

At 31 December 2015

700

NET BOOK VALUE

At 31 December 2015

1,068

At 31 December 2014

1,026

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

1

Ordinary

£1

1