Abbreviated Company Accounts - INSTANT PROPERTY MAINTENANCE LIMITED

INSTANT PROPERTY MAINTENANCE LIMITED - Company Information

NI026923 INSTANT PROPERTY MAINTENANCE LIMITED 2013-12-31 false 2013-01-01 2013-12-31 true NI026923 2013-01-01 2013-12-31 NI026923 2013-12-31 NI026923 2012-12-31 NI026923 uk-gaap-cd-bus:Director1 2013-01-01 2013-12-31 NI026923 uk-gaap-cd-bus:Director2 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-01 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2012-12-31 iso4217:GBP shares

Registered Number NI026923

INSTANT PROPERTY MAINTENANCE LIMITED

Abbreviated Accounts

31 December 2013

INSTANT PROPERTY MAINTENANCE LIMITED Registered Number NI026923

Abbreviated Balance Sheet as at 31 December 2013

	Notes	2013	2012
		£	£
Fixed assets
Tangible assets	2	18,689	11,052
		18,689	11,052
Current assets
Stocks		73,993	85,928
Debtors		36,735	69,666
Cash at bank and in hand		80,369	84,232
		191,097	239,826
Creditors: amounts falling due within one year		(125,369)	(152,999)
Net current assets (liabilities)		65,728	86,827
Total assets less current liabilities		84,417	97,879
Creditors: amounts falling due after more than one year		(8,164)	-
Total net assets (liabilities)		76,253	97,879
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		76,249	97,875
Shareholders' funds		76,253	97,879

For the year ending 31 December 2013 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 2014

And signed on their behalf by:
Hazel Hargan, Director
Kenneth Hargan, Director

INSTANT PROPERTY MAINTENANCE LIMITED Registered Number NI026923

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and comply with financial reporting standards of the Accounting Standards Board

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 10 years
Fixtures, fittings and equipment - 10 years
Motor vehicles - 4 years

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

Stock and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Pensions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.

Deferred taxation
Deferred tax is provided on an undiscounted basis, at current rates on differences that arise between the recognition of gains and losses in the financial statements and their recognition in the tax computation, except for differences arising on the revaluation of fixed assets (if no commitment to sell), or gains on any asset sold that will benefit from rollover relief, or in circumstances where it is not expected that the timing difference will reverse.

Dividends
Dividends to the Company's ordinary shareholders are recognised as a liability of the company when approved by the Company's shareholders at the annual general meeting.

2Tangible fixed assets

	£
Cost
At 1 January 2013	114,579
Additions	17,995
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2013	132,574
Depreciation
At 1 January 2013	103,527
Charge for the year	10,358
On disposals	-
At 31 December 2013	113,885
Net book values
At 31 December 2013	18,689
At 31 December 2012	11,052

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
4 Ordinary shares of £1 each	4	4