Abbreviated Company Accounts - IMIQ PADDLE SPORTS LIMITED

IMIQ PADDLE SPORTS LIMITED - Company Information

07233753 IMIQ PADDLE SPORTS LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 07233753 2015-01-01 2015-12-31 07233753 2015-12-31 07233753 2014-12-31 07233753 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 07233753 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2015-12-31 uk-gaap-cd-bus:PreferenceShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 07233753

IMIQ PADDLE SPORTS LIMITED

Abbreviated Accounts

31 December 2015

IMIQ PADDLE SPORTS LIMITED Registered Number 07233753

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	5,752	5,752
		5,752	5,752
Current assets
Stocks		77,905	93,016
Cash at bank and in hand		12,037	19,757
		89,942	112,773
Net current assets (liabilities)		89,942	112,773
Total assets less current liabilities		95,694	118,525
Creditors: amounts falling due after more than one year	3	(123,210)	(70,440)
Total net assets (liabilities)		(27,516)	48,085
Capital and reserves
Called up share capital	4	84,601	84,601
Profit and loss account		(112,117)	(36,516)
Shareholders' funds		(27,516)	48,085

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 1 June 2016

And signed on their behalf by:
Cameon G. Taylor, Director

IMIQ PADDLE SPORTS LIMITED Registered Number 07233753

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 shown in the profit and loss account represents revenue earned during the period.

2Fixed assets Investments
The company invested in the purschase of a tooling for canoe manufacturing.

3Creditors

	2015 £	2014 £
Secured Debts	123,210	70,440

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
800 Ordinary shares of £1 each	800	800
838 Preference shares of £100 each	83,800	83,800