Illuxion Ltd - Period Ending 2016-02-29

Registration number: 07952767

Illuxion Ltd

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016

Mansell & Co
Chartered Certified Accountants
5 Ducketts Wharf
South Street
Bishops Stortford
Hertfordshire
CM23 3AR

Illuxion Ltd

Contents

Abbreviated Balance Sheet	1 to 2
Notes to the Abbreviated Accounts	3 to 4

Illuxion Ltd

(Registration number: 07952767)
Abbreviated Balance Sheet as at 29 February 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	4,421	3,125
Current assets
Stocks		130,000	65,000
Debtors		28,136	30,002
Cash at bank and in hand		(992)	653
		157,144	95,655
Creditors: Amounts falling due within one year		(158,311)	(96,071)
Net current liabilities		(1,167)	(416)
Total assets less current liabilities		3,254	2,709
Accruals and deferred income		(1,184)	(1,194)
Net assets		2,070	1,515
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		1,970	1,415
Shareholders funds		2,070	1,515

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 30 November 2016 and signed on its behalf by:

.........................................
Ricardo James Sebastian Fearon
Director

.........................................
Josephine Gibson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Illuxion Ltd

(Registration number: 07952767)
Abbreviated Balance Sheet as at 29 February 2016

.........................................
Ricardo James Sebastian Fearon
Director

.........................................
Josephine Gibson
Director

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

Illuxion Ltd

Notes to the Abbreviated Accounts

Accounting policies

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

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
Equipment	25% Reducing balance

Work in progress

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Fixed assets

	Tangible assets £	Total £
Cost
At 1 March 2015	7,331	7,331
Additions	2,770	2,770
At 29 February 2016	10,101	10,101
Depreciation
At 1 March 2015	4,206	4,206
Charge for the year	1,474	1,474
At 29 February 2016	5,680	5,680
Net book value
At 29 February 2016	4,421	4,421
At 28 February 2015	3,125	3,125

Page 3

Illuxion Ltd

Notes to the Abbreviated Accounts

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

Page 4