Information & Performance Services Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03905936 (England and Wales)

INFORMATION & PERFORMANCE SERVICES

LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A L Thomas

D M Thomas

REGISTERED OFFICE:

Marston House

5, Elmdon Lane

Marston Green, Solihull

West Midlands

B37 7DL

REGISTERED NUMBER:

03905936 (England and Wales)

ACCOUNTANTS:

Sephton & Company LLP

Chartered Certified Accountants

Marston House

5 Elmdon Lane

Marston Green

Solihull

West Midlands

B37 7DL

FIXED ASSETS

Tangible assets

2

33,820

44,071

CURRENT ASSETS

Debtors

79,606

77,356

Cash at bank and in hand

19,767

23,859

99,373

101,215

CREDITORS

Amounts falling due within one year

53,617

63,382

NET CURRENT ASSETS

45,756

37,833

TOTAL ASSETS LESS CURRENT LIABILITIES

79,576

81,904

PROVISIONS FOR LIABILITIES

4,853

6,120

NET ASSETS

74,723

75,784

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

74,623

75,684

SHAREHOLDERS' FUNDS

74,723

75,784

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 15 October 2014 and were signed on its behalf by:

A L Thomas - 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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, 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.

Tools and equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

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

sheet date.

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 ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2013

188,522

Additions

1,671

Disposals

(16,798

)

At 31 January 2014

173,395

DEPRECIATION

At 1 February 2013

144,451

Charge for year

9,569

Eliminated on disposal

(14,445

)

At 31 January 2014

139,575

NET BOOK VALUE

At 31 January 2014

33,820

At 31 January 2013

44,071

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

£1

100

100