Ironwood Structural Design Limited - Filleted accounts

IRONWOOD STRUCTURAL DESIGN LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2016

































Company Registration Number: 07262982

IRONWOOD STRUCTURAL DESIGN LIMITED

ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016


CONTENTS									PAGES



Company information									1

Balance sheet									2 to 3

Notes to the abbreviated financial statements									4 to 5

IRONWOOD STRUCTURAL DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2016


DIRECTOR

J R Collins


SECRETARY

J R Collins


REGISTERED OFFICE

Harvestway House
28 High Street
Witney
Oxon
OX28 6RA


COMPANY REGISTRATION NUMBER

07262982 England and Wales

IRONWOOD STRUCTURAL DESIGN LIMITED

BALANCE SHEET
AS AT 31 May 2016


	Notes	2016		2015
		£		£

FIXED ASSETS
Tangible assets	2		10,110		13,296

CURRENT ASSETS
Debtors		17,459		19,823
Cash at bank and in hand		85,919		53,709


		103,378		73,532

CREDITORS: Amounts falling due		41,200		37,560
within one year


NET CURRENT ASSETS			62,178		35,972


TOTAL ASSETS LESS CURRENT LIABILITIES			72,288		49,268

Provisions for liabilities and charges			2,023		2,660


NET ASSETS			70,265		46,608



CAPITAL AND RESERVES
Called up share capital	3		100		100
Profit and loss account			70,165		46,508


SHAREHOLDERS' FUNDS			70,265		46,608



These abbreviated accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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

Members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Signed on behalf of the board


J R Collins
Director

Date approved by the board: 23 February 2017

IRONWOOD STRUCTURAL DESIGN LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016


1	STATEMENT OF ACCOUNTING POLICIES

	Accounting convention

	The accounts have been prepared under the historical cost convention and are based on accounts prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover

	Turnover represents the invoiced sales of services, stated net of value added tax.

	Tangible fixed assets

	Fixed assets are stated at cost less accumulated depreciation.

	Depreciation has been provided at the following rates so as to write off the cost less residual value of the assets over their estimated useful lives.

	Fixtures and fittings	Straight line basis at 20% per annum
	Computer equipment	Straight line basis at 33% per annum

	Financial instruments

	Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

	Deferred taxation

	Deferred taxation is the taxation attributable to timing differences between profits computed for taxation purposes and profits as stated in the financial statements and is fully provided for, except in circumstances where losses are deemed irrecoverable, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

	Pensions

	The company operates a defined contribution pension scheme. The amount charged to the profit and loss account in respect of pension costs and other post-retirement benefits is the amount payable in the year. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments in the balance sheet.

2	TANGIBLE ASSETS
					Tangible assets
					£
	Cost
	At 1 June 2015				22,302

	Additions				2,017


	At 31 May 2016				24,319


	Accumulated depreciation
	At 1 June 2015				9,006

	Charge for year				5,203


	At 31 May 2016				14,209


	Net book value
	At 1 June 2015				13,296


	At 31 May 2016				10,110


3	SHARE CAPITAL
		Nominal value	Number	2016	2015
		£		£	£
	Allotted, called up and fully paid:
	Ordinary shares	1	100	100	100