In2Ambition Limited - Abbreviated accounts 16.1
In2Ambition Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 DECEMBER 2015 |
| FOR |
| IN2AMBITION LIMITED |
| IN2AMBITION LIMITED (REGISTERED NUMBER: 08813385) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the year ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| IN2AMBITION LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| IN2AMBITION LIMITED (REGISTERED NUMBER: 08813385) |
| ABBREVIATED BALANCE SHEET |
| 31 December 2015 |
| 2015 | 2014 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Share premium |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| IN2AMBITION LIMITED (REGISTERED NUMBER: 08813385) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 December 2015 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| IN2AMBITION LIMITED (REGISTERED NUMBER: 08813385) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the year ended 31 December 2015 |
| 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. |
| Goodwill |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Going concern |
| These financial statements have been prepared on the basis that the company will continue trading as |
| a going concern. |
| The two main investor shareholders have confirmed that they will continue to provide the company with |
| sufficient financial support over, at least, the next 12 months. Therefore the directors consider the |
| going concern basis of accounting remains appropriate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| and 31 December 2015 |
| AMORTISATION |
| At 1 January 2015 |
| Amortisation for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| IN2AMBITION LIMITED (REGISTERED NUMBER: 08813385) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the year ended 31 December 2015 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 January 2015 |
| Additions |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Charge for year |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| Ordinary | 0.1p |
| during the year. |
| 5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the year ended 31 December 2015 |
| and the period ended 31 December 2014: |
| 2015 | 2014 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced | ( |
) |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |
| The loan accounts will be repaid over a period agreed with the investors. |