| IDEAZ-INC LIMITED |
| Registered number: |
06847195 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,488 |
|
|
1,467 |
|
| Current assets |
| Stocks |
|
|
5,271 |
|
|
4,890 |
| Debtors |
|
|
34,289 |
|
|
23,686 |
| Cash at bank and in hand |
|
|
15,820 |
|
|
26,747 |
|
|
|
55,380 |
|
|
55,323 |
|
| Creditors: amounts falling due within one year |
|
|
(51,376) |
|
|
(47,755) |
|
| Net current assets |
|
|
|
4,004 |
|
|
7,568 |
|
| Net assets |
|
|
|
6,492 |
|
|
9,035 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
6,490 |
|
|
9,033 |
|
| Shareholders' funds |
|
|
|
6,492 |
|
|
9,035 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Deborah Nicholl-Timmins |
| Director |
| Approved by the board on 15 December 2016 |
|
| IDEAZ-INC LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
4,373 |
|
Additions |
1,851 |
|
At 31 March 2016 |
6,224 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2015 |
2,906 |
|
Charge for the year |
830 |
|
At 31 March 2016 |
3,736 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
2,488 |
|
At 31 March 2015 |
1,467 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to (from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Marc Timmins |
|
Included in creditors: amounts falling due within one year |
(11,475) |
|
- |
|
(3,839) |
|
(15,314) |
|
|
Deborah Nicholl-Timmins |
|
Included in creditors: amounts falling due within one year |
(12,087) |
|
- |
|
(3,889) |
|
(15,976) |
|
|
|
(23,562) |
|
- |
|
(7,728) |
|
(31,290) |
|
|
|
|
|
|
|
|
|
