Ingram Architecture And Design Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: SC415706 (Scotland)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

INGRAM ARCHITECTURE AND DESIGN LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A Cranston

S P Govan

REGISTERED OFFICE:

Ingram House

227 Ingram House

Glasgow

G1 1DA

REGISTERED NUMBER:

SC415706 (Scotland)

ACCOUNTANTS:

Profit Counts Ltd

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

FIXED ASSETS

Intangible assets

2

17,780

20,320

Tangible assets

3

14,812

875

32,592

21,195

CURRENT ASSETS

Debtors

4

46,365

48,428

Prepayments and accrued income

1,768

-

Cash at bank and in hand

26,765

13,844

74,898

62,272

CREDITORS

Amounts falling due within one year

(64,278

)

(48,725

)

NET CURRENT ASSETS

10,620

13,547

TOTAL ASSETS LESS CURRENT LIABILITIES

43,212

34,742

CREDITORS

Amounts falling due after more than one year

(7,383

)

(12,920

)

PROVISIONS FOR LIABILITIES

(1,319

)

(175

)

NET ASSETS

34,510

21,647

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

34,508

21,645

SHAREHOLDERS' FUNDS

34,510

21,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 29 March 2017 and were signed on its behalf by:

S P Govan - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are

physically delivered to the customer. Turnover from the supply of services represents the value of services provided under

contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where

the contract has only been partially completed at the balance sheet date turnover represents the value of the service

provided to date based on a proportion of the total contract value. Where payments are received from customers in

advance of services provided, the amounts are recorded as Deferred Income and included as part of Creditors due within

one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in

the profit and loss account turnover and related costs as contract activity progresses. Turnover is calculated by reference

to the value of work performed to date as a proportion of the total contract value.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet

date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of

the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

25,400

AMORTISATION

At 1 July 2015

5,080

Amortisation for year

2,540

At 30 June 2016

7,620

NET BOOK VALUE

At 30 June 2016

17,780

At 30 June 2015

20,320

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

1,363

Additions

15,728

At 30 June 2016

17,091

DEPRECIATION

At 1 July 2015

488

Charge for year

1,791

At 30 June 2016

2,279

NET BOOK VALUE

At 30 June 2016

14,812

At 30 June 2015

875

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 19,968

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is £5,114 owed to one of the directors by the company (2015: £2,589 was owed to the company by

the director and included in debtors).

Included within creditors is £16,137 (2015: £3,527) owed to the other director by the company.

7.	ULTIMATE CONTROLLING PARTY

The company is controlled equally by the directors by virtue of their share capital.