Isalem Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04741305 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2016

FOR

ISALEM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S A Ross

SECRETARY:

R I C Ross

REGISTERED OFFICE:

31-33 College Road

Harrow

Middlesex

HA1 1EJ

REGISTERED NUMBER:

04741305 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

31-33 College Road

Harrow

Middlesex

HA1 1EJ

FIXED ASSETS

Tangible assets

2

1,076

1,692

CURRENT ASSETS

Debtors

51,555

29,802

Cash at bank and in hand

2

173

51,557

29,975

CREDITORS

Amounts falling due within one year

44,164

19,639

NET CURRENT ASSETS

7,393

10,336

TOTAL ASSETS LESS CURRENT
LIABILITIES

8,469

12,028

CAPITAL AND RESERVES

Called up share capital

3

102

Profit and loss account

8,367

11,926

SHAREHOLDERS' FUNDS

8,469

12,028

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28th December 2016 and were signed by:

S A Ross - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

12,105

DEPRECIATION

At 1st April 2015

10,413

Charge for year

616

At 31st March 2016

11,029

NET BOOK VALUE

At 31st March 2016

1,076

At 31st March 2015

1,692

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

1

Ordinary A

£1

1

Ordinary B

£1

1

102