Improvement Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03807193 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 July 2016

for

Improvement Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Ms R S Simpson

REGISTERED OFFICE:

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

REGISTERED NUMBER:

03807193 (England and Wales)

ACCOUNTANTS:

King Watkins Ltd

The Island House

Midsomer Norton

Radstock

Somerset

BA3 2DZ

FIXED ASSETS

Tangible assets

2

92,329

92,453

CURRENT ASSETS

Debtors

20,549

10,800

Cash at bank

119,669

72,555

140,218

83,355

CREDITORS

Amounts falling due within one year

55,395

32,754

NET CURRENT ASSETS

84,823

50,601

TOTAL ASSETS LESS CURRENT LIABILITIES

177,152

143,054

CAPITAL AND RESERVES

Called up share capital

3

2

2

Profit and loss account

177,150

143,052

SHAREHOLDERS' FUNDS

177,152

143,054

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2016 and were signed by:

Ms R S Simpson - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost and 15% on reducing balance

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

100,758

DEPRECIATION

At 1 August 2015

8,305

Charge for year

124

At 31 July 2016

8,429

NET BOOK VALUE

At 31 July 2016

92,329

At 31 July 2015

92,453

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

£

2

Ordinary

£1

2

2

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31st July 2016 the company owed the director £11,083 (2015: £373).

During the year, total dividends of £78,000 were paid to the director.