Abbreviated Company Accounts - INSOLVENCY LEGAL LIMITED

KEYWOOD GROUP LIMITED - Company Information

08160224 INSOLVENCY LEGAL LIMITED 2016-07-31 false 2015-08-01 2016-07-31 true 08160224 2015-08-01 2016-07-31 08160224 2016-07-31 08160224 2015-07-31 08160224 uk-gaap-cd-bus:Director1 2015-08-01 2016-07-31 08160224 uk-gaap-cd-bus:Director2 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2015-08-01 2016-07-31 uk-gaap-cd-bus:Director3 2016-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-08-01 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2016-07-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-07-31 iso4217:GBP shares

Registered Number 08160224

INSOLVENCY LEGAL LIMITED

Abbreviated Accounts

31 July 2016

INSOLVENCY LEGAL LIMITED Registered Number 08160224

Abbreviated Balance Sheet as at 31 July 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	16,835	1,806
		16,835	1,806
Current assets
Debtors		5,500	6,346
Cash at bank and in hand		3,212	2,002
		8,712	8,348
Creditors: amounts falling due within one year		(24,123)	(9,576)
Net current assets (liabilities)		(15,411)	(1,228)
Total assets less current liabilities		1,424	578
Total net assets (liabilities)		1,424	578
Capital and reserves
Called up share capital	3	2	2
Profit and loss account		1,422	576
Shareholders' funds		1,424	578

For the year ending 31 July 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 12 December 2016

And signed on their behalf by:
Mr H Chahal, Director

INSOLVENCY LEGAL LIMITED Registered Number 08160224

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the
year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Fixtures, fittings and equipment - 15% reducing balance

2Tangible fixed assets

	£
Cost
At 1 August 2015	2,500
Additions	18,000
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2016	20,500
Depreciation
At 1 August 2015	694
Charge for the year	2,971
On disposals	-
At 31 July 2016	3,665
Net book values
At 31 July 2016	16,835
At 31 July 2015	1,806

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary share of £1 each	1	1
1 B Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	Mr H Chahal
Description of the transaction:	Loans
Balance at 1 August 2015:	£ 5,442
Advances or credits made:	-
Advances or credits repaid:	£ 5,442
Balance at 31 July 2016:	£ 0