Abbreviated Company Accounts - INDIGO ANTIQUES LIMITED

INDIGO ANTIQUES LIMITED - Company Information

Registered Number 06165441

INDIGO ANTIQUES LIMITED

Abbreviated Accounts

30 April 2016

INDIGO ANTIQUES LIMITED Registered Number 06165441

Abbreviated Balance Sheet as at 30 April 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	104,500	114,000
Tangible assets	3	2,146	2,684
		106,646	116,684
Current assets
Stocks		296,510	328,999
Debtors		19,496	24,136
Cash at bank and in hand		99,852	70,536
		415,858	423,671
Creditors: amounts falling due within one year		(42,240)	(65,169)
Net current assets (liabilities)		373,618	358,502
Total assets less current liabilities		480,264	475,186
Creditors: amounts falling due after more than one year		(447,166)	(440,524)
Provisions for liabilities		(192)	(273)
Total net assets (liabilities)		32,906	34,389
Capital and reserves
Called up share capital		2	2
Profit and loss account		32,904	34,387
Shareholders' funds		32,906	34,389

For the year ending 30 April 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 January 2017

And signed on their behalf by:
M Lightbown, Director

INDIGO ANTIQUES LIMITED Registered Number 06165441

Notes to the Abbreviated Accounts for the period ended 30 April 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and comply with financial
reporting standards of the Accounting Standards Board.
The company has taken advantage of the exemption in FRS1 from the requirement to produce a
cashflow statement because it is a small company.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

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 - 20% reducing balance
Fixtures, fittings
and equipment - 20% reducing balance

2Intangible fixed assets

	£
Cost
At 1 May 2015	190,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	190,000
Amortisation
At 1 May 2015	76,000
Charge for the year	9,500
On disposals	-
At 30 April 2016	85,500
Net book values
At 30 April 2016	104,500
At 30 April 2015	114,000

3Tangible fixed assets

	£
Cost
At 1 May 2015	11,938
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2016	11,938
Depreciation
At 1 May 2015	9,254
Charge for the year	538
On disposals	-
At 30 April 2016	9,792
Net book values
At 30 April 2016	2,146
At 30 April 2015	2,684