3RD IRIS CREATIVE LTD - Period Ending 2016-02-29

Registration number: 08928664

3RD IRIS CREATIVE LTD

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

3RD IRIS CREATIVE LTD
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
3RD IRIS CREATIVE LTD
for the Year Ended 29 February 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 3RD IRIS CREATIVE LTD for the year ended 29 February 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of 3RD IRIS CREATIVE LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of 3RD IRIS CREATIVE LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 3RD IRIS CREATIVE LTD and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 3RD IRIS CREATIVE LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of 3RD IRIS CREATIVE LTD. You consider that 3RD IRIS CREATIVE LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 3RD IRIS CREATIVE LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

26 October 2016

Page 1

3RD IRIS CREATIVE LTD
(Registration number: 08928664)
Abbreviated Balance Sheet at 29 February 2016

		Note			29 February 2016 £			28 February 2015 £
Fixed assets
Tangible fixed assets					3,402			3,827
Current assets
Debtors					4			352
Cash at bank and in hand					243			895
					247			1,247
Creditors: Amounts falling due within one year					(4,992)			(5,200)
Net current liabilities					(4,745)			(3,953)
Net liabilities					(1,343)			(126)
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					(1,443)			(226)
Shareholders' deficit					(1,343)			(126)

For the year ending 29 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 26 October 2016 and signed on its behalf by:

.........................................
JS WADE
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

3RD IRIS CREATIVE LTD
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	10% Straight Line Basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		4,252			4,252
At 29 February 2016		4,252			4,252
Depreciation
At 1 March 2015		425			425
Charge for the year		425			425
At 29 February 2016		850			850
Net book value
At 29 February 2016		3,402			3,402
At 28 February 2015		3,827			3,827

Page 3

3RD IRIS CREATIVE LTD
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	29 February 2016						28 February 2015
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

Page 4