Abbreviated Company Accounts - IPEX CONSULTING LIMITED

IPEX CONSULTING LIMITED - Company Information

Registered Number 04897402

IPEX CONSULTING LIMITED

Abbreviated Accounts

31 August 2016

IPEX CONSULTING LIMITED Registered Number 04897402

Abbreviated Balance Sheet as at 31 August 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	10,673	11,078
		10,673	11,078
Current assets
Debtors		393,063	148,602
Cash at bank and in hand		352,138	89,619
		745,201	238,221
Creditors: amounts falling due within one year		(399,345)	(95,011)
Net current assets (liabilities)		345,856	143,210
Total assets less current liabilities		356,529	154,288
Total net assets (liabilities)		356,529	154,288
Capital and reserves
Called up share capital		100	100
Profit and loss account		356,429	154,188
Shareholders' funds		356,529	154,288

For the year ending 31 August 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 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 18 April 2017

And signed on their behalf by:
M Wilson, Director

IPEX CONSULTING LIMITED Registered Number 04897402

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT. The total turnover of the company for the year has been derived from its principal activities.

Tangible assets depreciation policy
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Office Equipment 25% on straight line basis
Computer Equipment 33% on straight line basis

Other accounting policies
Pension costs
The Company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The amount charged to the profit and loss account represents the contributions payable to the scheme in respect of the accounting period.

Taxation
The charge for taxation is based on the profit for the year and takes into account taxation deferred because of timing differences between the treatment of certain items for taxation and accounting purposes.
Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date, except as otherwise required by FRS 19.

2Tangible fixed assets

	£
Cost
At 1 September 2015	21,776
Additions	3,575
Disposals	(5,304)
Revaluations	-
Transfers	-
At 31 August 2016	20,047
Depreciation
At 1 September 2015	10,698
Charge for the year	3,980
On disposals	(5,304)
At 31 August 2016	9,374
Net book values
At 31 August 2016	10,673
At 31 August 2015	11,078