Abbreviated Company Accounts - INITIAL SURVEYS LIMITED

INITIAL SURVEYS LIMITED - Company Information

04382382 INITIAL SURVEYS LIMITED 2016-02-28 false 2015-03-01 2016-02-28 true 04382382 2015-03-01 2016-02-28 04382382 2016-02-28 04382382 2015-02-28 04382382 uk-gaap-cd-bus:Director1 2015-03-01 2016-02-28 04382382 uk-gaap-cd-bus:Director2 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2016-02-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-02-28 iso4217:GBP shares

Registered Number 04382382

INITIAL SURVEYS LIMITED

Abbreviated Accounts

28 February 2016

INITIAL SURVEYS LIMITED Registered Number 04382382

Abbreviated Balance Sheet as at 28 February 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	31,650	26,527
		31,650	26,527
Current assets
Debtors		13,952	8,297
		13,952	8,297
Creditors: amounts falling due within one year		(23,356)	(24,891)
Net current assets (liabilities)		(9,404)	(16,594)
Total assets less current liabilities		22,246	9,933
Creditors: amounts falling due after more than one year		-	(6,333)
Provisions for liabilities		(4,073)	(1,251)
Total net assets (liabilities)		18,173	2,349
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		18,172	2,348
Shareholders' funds		18,173	2,349

For the year ending 28 February 2016 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 23 November 2016

And signed on their behalf by:
S Crosby, Director

INITIAL SURVEYS LIMITED Registered Number 04382382

Notes to the Abbreviated Accounts for the period ended 28 February 2016

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 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:
Other tangible assets - 10% or 25% Reducing balance

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date where transactions or events have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the director considers that it is more likely than
not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

2Tangible fixed assets

	£
Cost
At 1 March 2015	96,792
Additions	9,592
Disposals	-
Revaluations	-
Transfers	-
At 28 February 2016	106,384
Depreciation
At 1 March 2015	70,265
Charge for the year	4,469
On disposals	-
At 28 February 2016	74,734
Net book values
At 28 February 2016	31,650
At 28 February 2015	26,527

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

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1