Micro-entity Accounts - INVEST CONNECTIONS ASIA LIMITED

INVEST CONNECTIONS ASIA LIMITED - Company Information

07274048 INVEST CONNECTIONS ASIA LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 07274048 2015-07-01 2016-06-30 07274048 2016-06-30 07274048 2015-06-30 07274048 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 07274048 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 07274048 uk-gaap-cd-bus:AllEntityOfficers 2015-07-01 2016-06-30 iso4217:GBP shares

Registered Number 07274048

INVEST CONNECTIONS ASIA LIMITED

Micro-entity Accounts

30 June 2016

INVEST CONNECTIONS ASIA LIMITED Registered Number 07274048

Micro-entity Balance Sheet as at 30 June 2016

	2016	2015
	£	£
Fixed Assets	1,007	1,346
Creditors: amounts falling due within one year	(82,702)	(60,928)
Net current assets (liabilities)	(82,702)	(60,928)
Total assets less current liabilities	(81,695)	(59,582)
Creditors: amounts falling due after more than one year	(100,000)	(100,000)
Accruals and deferred income	(1,250)	(1,200)
Total net assets (liabilities)	(182,945)	(160,782)
Capital and reserves	(182,945)	(160,782)

For the year ending 30 June 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 24 March 2017

And signed on their behalf by:
Mrs W Gallagher, Director

INVEST CONNECTIONS ASIA LIMITED Registered Number 07274048

Notes to the Micro-entity Accounts for the period ended 30 June 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 April 2008.

Turnover policy
Turnover represents the revenue resulting from exchange transactions under which a seller supplies to customers the goods or services that it is in business to provide.

Tangible assets depreciation policy
The cost of tangible fixed assets includes expenditure incurred in bringing the assets into working condition for their intended use. Depreciation is provided at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Rate Method

Office equipment 25% per annum reducing balance

Other accounting policies
Going concern basis of accounting
At the balance sheet date the company’s liabilities exceeded its assets. The company has received assurance from the director that she will continue to give financial support to the company for twelve months from the date of signing these accounts.
On this basis, the director considers it appropriate to prepare on accounts on a going concern basis. However, should the financial support mentioned not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of the assets to their realisable value and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company’s assets or liabilities that might be necessary should the basis not continue to be appropriate.