Abbreviated Company Accounts - ISL INITIATIVE SOLUTIONS LTD

Registered Number 06656574

ISL INITIATIVE SOLUTIONS LTD

Abbreviated Accounts

31 March 2016

ISL INITIATIVE SOLUTIONS LTD Registered Number 06656574

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	3,967	5,289
		3,967	5,289
Current assets
Debtors		6,306	8,132
		6,306	8,132
Creditors: amounts falling due within one year		(10,139)	(13,308)
Net current assets (liabilities)		(3,833)	(5,176)
Total assets less current liabilities		134	113
Total net assets (liabilities)		134	113
Capital and reserves
Called up share capital		100	100
Profit and loss account		34	13
Shareholders' funds		134	113

For the year ending 31 March 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 15 December 2016

And signed on their behalf by:
A Simpson, Director

ISL INITIATIVE SOLUTIONS LTD Registered Number 06656574

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents the goods and services invoiced during the year, excluding Value Added Tax

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings - 25%reducing balance
Motor vehicles - 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 April 2015	16,456
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	16,456
Depreciation
At 1 April 2015	11,167
Charge for the year	1,322
On disposals	-
At 31 March 2016	12,489
Net book values
At 31 March 2016	3,967
At 31 March 2015	5,289