Instant Promotion (UK) Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06685264 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Instant Promotion (UK) Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

to

4

Notes to the Abbreviated Accounts

5

to

6

DIRECTORS:

Mr B Smith

Mr J Law

REGISTERED OFFICE:

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

REGISTERED NUMBER:

06685264 (England and Wales)

ACCOUNTANTS:

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to six)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Instant Promotion (UK) Ltd for the year ended 30 September 2016 which comprise the Profit

and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Instant Promotion (UK) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Instant Promotion (UK) Ltd and state those matters that we have agreed to state to the Board of Directors of Instant Promotion (UK) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Instant Promotion (UK) Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Instant Promotion (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Instant Promotion (UK) Ltd. You consider that Instant Promotion (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Instant Promotion (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Anil K Bhagi Chartered Accountants

and Registered Auditors

91 Soho Hill

Hockley

Birmingham

West Midlands

B19 1AY

6 June 2017

FIXED ASSETS

Tangible assets

2

45,981

45,389

CURRENT ASSETS

Stocks

148,474

105,748

Debtors

257,416

221,677

Cash at bank and in hand

197,304

207,907

603,194

535,332

CREDITORS

Amounts falling due within one year

3

199,975

191,247

NET CURRENT ASSETS

403,219

344,085

TOTAL ASSETS LESS CURRENT
LIABILITIES

449,200

389,474

CREDITORS

Amounts falling due after more than one
year

3

(1,802

)

(7,209

)

PROVISIONS FOR LIABILITIES

(8,855

)

(8,804

)

NET ASSETS

438,543

373,461

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

438,443

373,361

SHAREHOLDERS' FUNDS

438,543

373,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 6 June 2017 and were signed on its behalf by:

Mr J Law - 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 represents net invoiced sales of goods, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Short leasehold

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2015

62,564

Additions

10,170

At 30 September 2016

72,734

DEPRECIATION

At 1 October 2015

17,175

Charge for year

9,578

At 30 September 2016

26,753

NET BOOK VALUE

At 30 September 2016

45,981

At 30 September 2015

45,389

3.

CREDITORS

Creditors include an amount of £ 7,209 (30.9.15 - £ 12,616 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

100

Ordinary shares

£1

100