Accounts filed on 31-05-2016


085404262015-06-012016-05-31falsetruehttp://www.companieshouse.gov.uk/2015-05-31http://www.companieshouse.gov.uk/cd:Director12015-06-012016-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-06-012016-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12016-05-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12015-05-31http://www.companieshouse.gov.uk/2014-06-012015-05-31http://www.companieshouse.gov.uk/2015-06-012016-05-31http://www.companieshouse.gov.uk/2015-05-31http://www.companieshouse.gov.uk/2016-05-31http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2015-06-012016-05-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 08540426

ISME Homes Ltd

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/05/2016

Prepared By:
Norman R Evans & Co Ltd
Chartered Accountants
25/27 Station Street
Cheslyn Hay
Walsall
West Midlands
WS6 7ED

ISME Homes Ltd

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31/05/2016
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 08540426

ISME Homes Ltd

Registered Number: 08540426
BALANCE SHEET AT 31/05/2016
20162015
Notes££
CURRENT ASSETS
Stock-150,000
Debtors (amounts falling due within one year)8,84347,340
Cash at bank and in hand184,9532,156
193,796199,496
CREDITORS: Amounts falling due within one year154,715175,852
NET CURRENT ASSETS39,08123,644
TOTAL ASSETS LESS CURRENT LIABILITIES39,08123,644
CAPITAL AND RESERVES
Called up share capital221
Profit and loss account39,07923,643
SHAREHOLDERS' FUNDS39,08123,644
For the year ending 31/05/2016 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 22/02/2017 and signed on their behalf by
Joel Fisher
Director
.............................
Joanna Fisher
Director

ISME Homes Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/05/2016
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective January 2015).
1c. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1d. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. SHARE CAPITAL 20162015
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each21
21
New shares issued during period:
1 Ordinary shares of £1 each1-
1-

ISME Homes Ltd

3. RELATED PARTY TRANSACTIONS
In the ordinary course of business the company has traded with Fusion Electrical Contractors Ltd., a company controlled by the directors. At 31 May 2016 £117994 was owed to Fusion Electrical Contractors Ltd.