Abbreviated Company Accounts - INSTANT MAILING SERVICES LIMITED

INSTANT MAILING SERVICES LIMITED - Company Information

07252346 INSTANT MAILING SERVICES LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 07252346 2015-06-01 2016-05-31 07252346 2016-05-31 07252346 2015-05-31 07252346 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 07252346 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 07252346

INSTANT MAILING SERVICES LIMITED

Abbreviated Accounts

31 May 2016

INSTANT MAILING SERVICES LIMITED Registered Number 07252346

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	18,592	17,987
		18,592	17,987
Current assets
Stocks		5,306	17,455
Debtors		103,434	72,164
Cash at bank and in hand		3,985	31,660
		112,725	121,279
Creditors: amounts falling due within one year		(134,650)	(113,503)
Net current assets (liabilities)		(21,925)	7,776
Total assets less current liabilities		(3,333)	25,763
Creditors: amounts falling due after more than one year		(70,727)	(24,500)
Total net assets (liabilities)		(74,060)	1,263
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		(74,160)	1,163
Shareholders' funds		(74,060)	1,263

For the year ending 31 May 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 28 February 2017

And signed on their behalf by:
MR T. JONES, Director

INSTANT MAILING SERVICES LIMITED Registered Number 07252346

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company’s ordinary activities.

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 – 25% on reducing balance
Fixtures, fittings and equipment – 25% on reducing balance
Motor vehicles – 25% straight line

Valuation information and policy
Stock and Work in Progress
Work in progress is valued at the lower of cost and net realisable value.

Other accounting policies
The pension costs charged in the financial statements represent the contribution payable by the company during the year. The regular cost of providing retirement pensions and related benefits is charged to the profit and loss account over the employees’ service lives on the basis of a constant percentage of earnings.

2Tangible fixed assets

	£
Cost
At 1 June 2015	58,252
Additions	6,802
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	65,054
Depreciation
At 1 June 2015	40,265
Charge for the year	6,197
On disposals	-
At 31 May 2016	46,462
Net book values
At 31 May 2016	18,592
At 31 May 2015	17,987

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
100 Ordinary shares of £1 each	100	100