Index Business Supplies Limited - Accounts to registrar - small 17.1.1
Index Business Supplies Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| FOR |
| INDEX BUSINESS SUPPLIES LIMITED |
| INDEX BUSINESS SUPPLIES LIMITED (REGISTERED NUMBER: 02855211) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| INDEX BUSINESS SUPPLIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 1349/1353 London Road |
| Leigh-on-Sea |
| Essex |
| SS9 2AB |
| INDEX BUSINESS SUPPLIES LIMITED (REGISTERED NUMBER: 02855211) |
| STATEMENT OF FINANCIAL POSITION |
| 31 OCTOBER 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | 9 |
| SHAREHOLDERS' FUNDS |
| 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. |
| INDEX BUSINESS SUPPLIES LIMITED (REGISTERED NUMBER: 02855211) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 31 OCTOBER 2016 |
| 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 |
| INDEX BUSINESS SUPPLIES LIMITED (REGISTERED NUMBER: 02855211) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 1. | STATUTORY INFORMATION |
| Index Business Supplies Limited is a |
| 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 |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Leasehold Property | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
| slow moving items. |
| 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. |
| Financial instruments |
| Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, |
| as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that |
| evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Hire purchase agreements |
| Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair |
| value. The capital element of the future payments is treated as a liability and the interest is charged to the profit |
| and loss account on a straight line basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| INDEX BUSINESS SUPPLIES LIMITED (REGISTERED NUMBER: 02855211) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Leasehold | and | Motor |
| Property | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| Included within the net book value of £41553 is £13772( 2015 - £11126) relating to assets held under hire |
| purchase agreements . The depreciation charged to the financial statements in the year in respect of such assets |
| amounted to £4574 ( 2015 - £3709) |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Trade debtors |
| Other Debtors -Staff Loan | 1,398 | 62 |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes | ( |
) |
| VAT | 20,296 | 16,710 |
| Directors' loan accounts | 697 | 697 |
| Accruals and deferred income |
| INDEX BUSINESS SUPPLIES LIMITED (REGISTERED NUMBER: 02855211) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2016 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2016 | 2015 |
| £ | £ |
| Hire purchase contracts |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary 'A' | £1 | 50 | 50 |
| Ordinary 'B' | £1 | 100 | 100 |
| Ordinary 'C' | £1 | 30 | 20 |
| 180 | 170 |
| 9. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 November 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 31 October 2016 |