Abbreviated Company Accounts - IMPRESSIVE IDEAS LIMITED

IMPRESSIVE IDEAS LIMITED - Company Information

Registered Number 03507321

IMPRESSIVE IDEAS LIMITED

Abbreviated Accounts

31 December 2015

IMPRESSIVE IDEAS LIMITED Registered Number 03507321

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	17,347	4,989
		17,347	4,989
Current assets
Debtors		24,864	28,555
Cash at bank and in hand		4,672	10,846
		29,536	39,401
Creditors: amounts falling due within one year		(214,935)	(121,010)
Net current assets (liabilities)		(185,399)	(81,609)
Total assets less current liabilities		(168,052)	(76,620)
Provisions for liabilities		(3,381)	(998)
Total net assets (liabilities)		(171,433)	(77,618)
Capital and reserves
Called up share capital		2	2
Profit and loss account		(171,435)	(77,620)
Shareholders' funds		(171,433)	(77,618)

For the year ending 31 December 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 September 2016

And signed on their behalf by:
C Taylor, Director

IMPRESSIVE IDEAS LIMITED Registered Number 03507321

Notes to the Abbreviated Accounts for the period ended 31 December 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipment - straight line 33%

Other accounting policies
Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.

2Tangible fixed assets

	£
Cost
At 1 January 2015	36,552
Additions	18,803
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	55,355
Depreciation
At 1 January 2015	31,563
Charge for the year	6,445
On disposals	-
At 31 December 2015	38,008
Net book values
At 31 December 2015	17,347
At 31 December 2014	4,989