Imphouse Limited - Accounts to registrar

REGISTERED NUMBER: 01877360 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016

FOR

IMPHOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr R Clayton

Mrs H Clayton

Mr D C Street

Mr M Jackson

SECRETARIES:

Mrs H Clayton

Mrs C E Street

REGISTERED OFFICE:

Merstone Manor Farm

Chapel Lane

Merstone

Newport

Isle of Wight

PO30 3BZ

REGISTERED NUMBER:

01877360 (England and Wales)

ACCOUNTANTS:

Garbetts (IOW) Limited

Exchange House

St Cross Lane

Newport

Isle of Wight

PO30 5BZ

FIXED ASSETS

Tangible assets

4

26,602

37,861

Investment property

5

150,000

176,602

187,861

CURRENT ASSETS

Debtors

6

490,695

378,116

Cash at bank and in hand

354,053

378,786

844,748

756,902

CREDITORS

Amounts falling due within one year

7

398,830

280,209

NET CURRENT ASSETS

445,918

476,693

TOTAL ASSETS LESS CURRENT LIABILITIES

622,520

664,554

PROVISIONS FOR LIABILITIES

2,258

6,876

NET ASSETS

620,262

657,678

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

620,162

657,578

SHAREHOLDERS' FUNDS

620,262

657,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31 March 2017 and were signed on its behalf by:

Mr R Clayton - Director

1.	STATUTORY INFORMATION

Imphouse Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net invoiced goods and services provided, excluding value added tax.

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 and 20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

No depreciation is charged on investment property.

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 profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Accounts recoverable on contract

Where a contract is not completed at the year end, turnover and debtors include an amount equal to the

proportion of the contract value undertaken at the year end.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2015

and 31 July 2016

172,142

DEPRECIATION

At 1 August 2015

134,281

Charge for year

11,259

At 31 July 2016

145,540

NET BOOK VALUE

At 31 July 2016

26,602

At 31 July 2015

37,861

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2015

and 31 July 2016

150,000

NET BOOK VALUE

At 31 July 2016

150,000

At 31 July 2015

150,000

Cost or valuation at 31 July 2016 is represented by:

£

Valuation in 2011

(2,355

)

Cost

152,355

150,000

If investment property had not been revalued it would have been included at the following historical cost:

2016

2015

£

Cost

152,355

Investment property was valued on an open market basis on 31 July 2014 by a director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade debtors

358,065

233,490

Amounts recoverable on contract

118,523

132,000

Other debtors

14,107

12,626

490,695

378,116

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

Trade creditors

78,680

48,156

Taxation and social security

71,143

97,437

Other creditors

249,007

134,616

398,830

280,209

Imphouse Limited - Accounts to registrar - small 16.3

Imphouse Limited - Accounts to registrar - small 16.3