Abbreviated Company Accounts - IMIQ PADDLE SPORTS LIMITED

Abbreviated Company Accounts - IMIQ PADDLE SPORTS LIMITED

IMIQ PADDLE SPORTS LIMITED - Company Information

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Registered Number 07233753

IMIQ PADDLE SPORTS LIMITED

Abbreviated Accounts

31 December 2013

IMIQ PADDLE SPORTS LIMITED Registered Number 07233753

Abbreviated Balance Sheet as at 31 December 2013

Notes 2013 2012
£ £
Fixed assets
Investments 2 4,344 -
4,344 -
Current assets
Stocks 96,947 48,740
Cash at bank and in hand 8,199 7,035
105,146 55,775
Net current assets (liabilities) 105,146 55,775
Total assets less current liabilities 109,490 55,775
Creditors: amounts falling due after more than one year (50,440) 0
Total net assets (liabilities) 59,050 55,775
Capital and reserves
Called up share capital 84,601 84,601
Profit and loss account (25,551) (28,826)
Shareholders' funds 59,050 55,775
  • For the year ending 31 December 2013 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 30 September 2014

And signed on their behalf by:
C. Taylor, Director

IMIQ PADDLE SPORTS LIMITED Registered Number 07233753

Notes to the Abbreviated Accounts for the period ended 31 December 2013

1Accounting Policies

Turnover policy
The Turnover shown in the Proit and Loss account represents revenue earned during the period

Tangible assets depreciation policy
The Tangible Assets are valued at cost

Valuation information and policy
Stocks are valued at the lower of cost and net realised value, after making due allowances for obsolete and slow moving items. Cost includes all direct expenditures and appropriate proportion of fixed and variable overheads.

2Fixed assets Investments
Imiq purchased the Tooling to the Tevanui canoe.