INTERNATIONAL_FOOTWEAR_RE - Accounts

INTERNATIONAL FOOTWEAR RESOURCING GROUP LIMITED - Company Information

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Company Registration No. 08744235 (England and Wales)

INTERNATIONAL FOOTWEAR RESOURCING GROUP LIMITED (FORMERLY KNOWN AS ICONIC FOOTWEAR RESOURCING GROUP LIMITED)

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

INTERNATIONAL FOOTWEAR RESOURCING GROUP LIMITED (FORMERLY KNOWN AS ICONIC FOOTWEAR RESOURCING GROUP LIMITED)

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

INTERNATIONAL FOOTWEAR RESOURCING GROUP LIMITED (FORMERLY KNOWN AS ICONIC FOOTWEAR RESOURCING GROUP LIMITED)

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Investments

181

Current assets

Debtors

638,719

809,219

Cash at bank and in hand

105,210

743,929

809,219

Creditors: amounts falling due within one year

(1)

Net current assets

743,928

809,218

Total assets less current liabilities

744,109

809,399

Capital and reserves

Called up share capital

180

Profit and loss account

743,929

809,219

Shareholders' funds

744,109

809,399

For the financial year ended 30 June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 14 March 2017

R D Fletcher

Director

Company Registration No. 08744235

INTERNATIONAL FOOTWEAR RESOURCING GROUP LIMITED (FORMERLY KNOWN AS ICONIC FOOTWEAR RESOURCING GROUP LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 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

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.3

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

Fixed assets

Investments

Cost

At 1 July 2015 & at 30 June 2016

181

At 30 June 2015

181

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

International Footwear Resourcing Limited

England and Wales

Ordinary

100.00

Lazy Dogz Limited

England and Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2016

Principal activity

International Footwear Resourcing Limited

Design and supply of footwear

575,380

239,581

Lazy Dogz Limited

Dormant

INTERNATIONAL FOOTWEAR RESOURCING GROUP LIMITED (FORMERLY KNOWN AS ICONIC FOOTWEAR RESOURCING GROUP LIMITED)

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

30 Ordinary A shares of £1 each

30 Ordinary B shares of £1 each

57 Ordinary C shares of £1 each

3 Ordinary D shares of £1 each

57 Ordinary E shares of £1 each

3 Ordinary F shares of £1 each

180

Each class of share rank pari passu in all respects.