Abbreviated Company Accounts - IZM LIMITED

04696281 IZM LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 04696281 2015-04-01 2016-03-31 04696281 2016-03-31 04696281 2015-03-31 04696281 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 04696281 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 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 04696281

IZM LIMITED

Abbreviated Accounts

31 March 2016

IZM LIMITED Registered Number 04696281

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	17,611	23,481
		17,611	23,481
Current assets
Debtors		67,742	369,227
Cash at bank and in hand		563,486	298,326
		631,228	667,553
Creditors: amounts falling due within one year		(30,991)	(12,180)
Net current assets (liabilities)		600,237	655,373
Total assets less current liabilities		617,848	678,854
Total net assets (liabilities)		617,848	678,854
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		617,748	678,754
Shareholders' funds		617,848	678,854

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:
J.S. Wadlow, Director

IZM LIMITED Registered Number 04696281

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 January 2015.

Turnover policy
Turnover represents the total invoice value, excluding VAT, of fees charged during the year and derives from the provision of services falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% reducing balance
Fixtures, fittings and equipment - 25% reducing balance
Motor vehicles - 25% reducing balance

Other accounting policies
Deferred taxation
Provision is made for deferred taxation using the liability method to take account of timing differences between the incidence of income and expenditure for taxation and accounting purposes, except to the extent that the director considers that a liability to taxation is unlikely to materialise.

2Tangible fixed assets

	£
Cost
At 1 April 2015	183,227
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	183,227
Depreciation
At 1 April 2015	159,746
Charge for the year	5,870
On disposals	-
At 31 March 2016	165,616
Net book values
At 31 March 2016	17,611
At 31 March 2015	23,481

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

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	J.S. Wadlow
Description of the transaction:	Director's loan account
Balance at 1 April 2015:	£ 301,290
Advances or credits made:	-
Advances or credits repaid:	£ 301,290
Balance at 31 March 2016:	£ 0

Maximum balance in year - £327,746