Ignatius Pink Ltd - Period Ending 2016-11-30

Registration number: 07851028

Ignatius Pink Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2016
 

Ignatius Pink Ltd
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Ignatius Pink Ltd
(Registration number: 07851028)
Abbreviated Balance Sheet at 30 November 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			-			381
Current assets
Debtors					16,006			4,514
Cash at bank and in hand					5,104			40,790
					21,110			45,304
Creditors: Amounts falling due within one year					(17,333)			(26,539)
Net current assets					3,777			18,765
Net assets					3,777			19,146
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					3,775			19,144
Shareholders' funds					3,777			19,146

For the year ending 30 November 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 director acknowledges his 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 director on 20 July 2017

.........................................
Christopher James Andrews
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Ignatius Pink Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33.33% Straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		1,143			1,143
At 30 November 2016		1,143			1,143
Depreciation
At 1 December 2015		762			762
Charge for the year		381			381
At 30 November 2016		1,143			1,143
Net book value
At 30 November 2016		-			-
At 30 November 2015		381			381

Page 2

Ignatius Pink Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 November 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3