Abbreviated Company Accounts - INSCENTINEL LIMITED

Abbreviated Company Accounts - INSCENTINEL LIMITED

INSCENTINEL LIMITED - Company Information

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Registered Number 04772069

INSCENTINEL LIMITED

Abbreviated Accounts

31 May 2013

INSCENTINEL LIMITED Registered Number 04772069

Abbreviated Balance Sheet as at 31 May 2013

Notes 2013 2012
£ £
Called up share capital not paid - -
Fixed assets
Intangible assets - -
Tangible assets 2 - 38,288
Investments - -
- 38,288
Current assets
Stocks - -
Debtors - 33,416
Investments - -
Cash at bank and in hand 5 2,039
5 35,455
Prepayments and accrued income - -
Creditors: amounts falling due within one year (10,000) (72,516)
Net current assets (liabilities) (9,995) (37,061)
Total assets less current liabilities (9,995) 1,227
Creditors: amounts falling due after more than one year 0 0
Provisions for liabilities 0 0
Accruals and deferred income 0 0
Total net assets (liabilities) (9,995) 1,227
Capital and reserves
Called up share capital 8,336 8,336
Share premium account 509,287 509,287
Revaluation reserve 0 0
Other reserves 0 0
Profit and loss account (527,618) (516,396)
Shareholders' funds (9,995) 1,227
  • For the year ending 31 May 2013 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 27 October 2014

And signed on their behalf by:
Lucius Cary, Director

INSCENTINEL LIMITED Registered Number 04772069

Notes to the Abbreviated Accounts for the period ended 31 May 2013

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 invoiced amount of goods and services provided as principal in the ordinary course of business and is stated net of VAT.

Other accounting policies
Stock

Stocks are values at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items.

Foreign Currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange at the date of transaction. Exchange differences are taken into accounts in arriving at the operating profit.

Research and development

Expenditure on research and development is writte off in the year in which is is incurred.

2Tangible fixed assets
£
Cost
At 1 June 2012 61,478
Additions 0
Disposals -
Revaluations (61,478)
Transfers -
At 31 May 2013 0
Depreciation
At 1 June 2012 23,190
Charge for the year -
On disposals (23,190)
At 31 May 2013 0
Net book values
At 31 May 2013 0
At 31 May 2012 38,288