Abbreviated Company Accounts - IP NETWORKS (EUROPE) LIMITED

Abbreviated Company Accounts - IP NETWORKS (EUROPE) LIMITED

IP NETWORKS (EUROPE) LIMITED - Company Information

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Registered Number 06258960

IP NETWORKS (EUROPE) LIMITED

Abbreviated Accounts

31 May 2016

IP NETWORKS (EUROPE) LIMITED Registered Number 06258960

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 14,268 18,703
14,268 18,703
Current assets
Stocks 2,000 2,000
Debtors 287,433 140,290
Cash at bank and in hand 3,382 11,589
292,815 153,879
Creditors: amounts falling due within one year (253,152) (116,469)
Net current assets (liabilities) 39,663 37,410
Total assets less current liabilities 53,931 56,113
Creditors: amounts falling due after more than one year (6,290) (8,577)
Total net assets (liabilities) 47,641 47,536
Capital and reserves
Called up share capital 100 100
Profit and loss account 47,541 47,436
Shareholders' funds 47,641 47,536
  • For the year ending 31 May 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 31 May 2016

And signed on their behalf by:
Graham Hill, Director

IP NETWORKS (EUROPE) LIMITED Registered Number 06258960

Notes to the Abbreviated Accounts for the period ended 31 May 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 the total invoice value, excluding value added tax, of sales made during the year.

2Tangible fixed assets
£
Cost
At 1 June 2015 35,192
Additions 268
Disposals -
Revaluations -
Transfers -
At 31 May 2016 35,460
Depreciation
At 1 June 2015 16,489
Charge for the year 4,703
On disposals -
At 31 May 2016 21,192
Net book values
At 31 May 2016 14,268
At 31 May 2015 18,703