Abbreviated Company Accounts - INDEPENDENT ASBESTOS SURVEYS AND SERVICES LTD

INDEPENDENT ASBESTOS SURVEYS AND SERVICES LTD - Company Information

Registered Number 08343744

INDEPENDENT ASBESTOS SURVEYS AND SERVICES LTD

Abbreviated Accounts

31 December 2015

INDEPENDENT ASBESTOS SURVEYS AND SERVICES LTD Registered Number 08343744

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	8,000	12,000
Tangible assets	3	533	799
		8,533	12,799
Current assets
Stocks		9,125	9,000
Debtors		8,336	12,644
Cash at bank and in hand		15,301	24,635
		32,762	46,279
Creditors: amounts falling due within one year		(37,331)	(57,513)
Net current assets (liabilities)		(4,569)	(11,234)
Total assets less current liabilities		3,964	1,565
Total net assets (liabilities)		3,964	1,565
Capital and reserves
Called up share capital		99	99
Profit and loss account		3,865	1,466
Shareholders' funds		3,964	1,565

For the year ending 31 December 2015 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 26 December 2016

And signed on their behalf by:
Michael Hall, Director

INDEPENDENT ASBESTOS SURVEYS AND SERVICES LTD Registered Number 08343744

Notes to the Abbreviated Accounts for the period ended 31 December 2015

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 the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery20% straight line

Intangible assets amortisation policy
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

2Intangible fixed assets

	£
Cost
At 1 January 2015	20,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	20,000
Amortisation
At 1 January 2015	8,000
Charge for the year	4,000
On disposals	-
At 31 December 2015	12,000
Net book values
At 31 December 2015	8,000
At 31 December 2014	12,000

3Tangible fixed assets

	£
Cost
At 1 January 2015	1,331
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	1,331
Depreciation
At 1 January 2015	532
Charge for the year	266
On disposals	-
At 31 December 2015	798
Net book values
At 31 December 2015	533
At 31 December 2014	799