ICEBEAT_(UK)_LIMITED - Accounts

ICEBEAT (UK) LIMITED - Company Information

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Company Registration No. 05530110 (England and Wales)

ICEBEAT (UK) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

ICEBEAT (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ICEBEAT (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 JULY 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,817

3,258

Current assets

Stocks

4,000

Debtors

50,602

39,296

Cash at bank and in hand

6,709

4,651

61,311

47,947

Creditors: amounts falling due within one year

(59,794)

(48,849)

Net current assets/(liabilities)

1,517

(902)

Total assets less current liabilities

4,334

2,356

Capital and reserves

Called up share capital

100

Profit and loss account

4,234

2,256

Shareholders' funds

4,334

2,356

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 31 January 2017

Mr K Hall

Director

Company Registration No. 05530110

ICEBEAT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

25% per annum on net book value

Fixtures, fittings and equipment

20% per annum on net book value

Motor vehicles

25% per annum on net book value

1.4

Stock

Stock is valued at the lower of cost and net realisable value.

1.5

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.

Fixed assets

Tangible assets

Cost

At 1 August 2015

15,880

Additions

460

At 31 July 2016

16,340

Depreciation

At 1 August 2015

12,622

Charge for the year

901

At 31 July 2016

13,523

Net book value

At 31 July 2016

2,817

At 31 July 2015

3,258

ICEBEAT (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 3 -

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £14,968 (2015 - £13,578).

Share capital

2016

2015

Allotted, called up and fully paid

100 Ordinary Shares of £1 each

100

Transactions with directors

The following directors had interest free loans during the year. The movement on these loans are as follows:

Amount outstanding

Maximum

2016

2015

in year

Mr K Hall

5,411