Abbreviated Company Accounts - IL PLATINA LIMITED

IL PLATINA LIMITED - Company Information

08001038 IL PLATINA LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 08001038 2015-04-01 2016-03-31 08001038 2016-03-31 08001038 2015-03-31 08001038 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 08001038 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 08001038

IL PLATINA LIMITED

Abbreviated Accounts

31 March 2016

IL PLATINA LIMITED Registered Number 08001038

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	45,000	50,000
Tangible assets	3	23,938	19,807
		68,938	69,807
Current assets
Stocks		10,172	6,937
Debtors		1,006	255
Cash at bank and in hand		17,379	17,131
		28,557	24,323
Creditors: amounts falling due within one year		(82,512)	(89,922)
Net current assets (liabilities)		(53,955)	(65,599)
Total assets less current liabilities		14,983	4,208
Creditors: amounts falling due after more than one year		(9,732)	0
Provisions for liabilities		(4,788)	0
Total net assets (liabilities)		463	4,208
Capital and reserves
Called up share capital	4	15	15
Profit and loss account		448	4,193
Shareholders' funds		463	4,208

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 29 December 2016

And signed on their behalf by:
P R J Wilson, Director
B Wilson, Director

IL PLATINA LIMITED Registered Number 08001038

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

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Fixtures and equipment - 25% on reducing balance

Intangible assets amortisation policy
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Other accounting policies
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

2Intangible fixed assets

	£
Cost
At 1 April 2015	50,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	50,000
Amortisation
At 1 April 2015	-
Charge for the year	5,000
On disposals	-
At 31 March 2016	5,000
Net book values
At 31 March 2016	45,000
At 31 March 2015	50,000

3Tangible fixed assets

	£
Cost
At 1 April 2015	43,335
Additions	12,111
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	55,446
Depreciation
At 1 April 2015	23,528
Charge for the year	7,980
On disposals	-
At 31 March 2016	31,508
Net book values
At 31 March 2016	23,938
At 31 March 2015	19,807

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
15 Ordinary shares of £1 each	15	15