Abbreviated Company Accounts - INDUSTRIAL PHYCOLOGY LIMITED

INDUSTRIAL PHYCOLOGY LIMITED - Company Information

08273782 INDUSTRIAL PHYCOLOGY LIMITED 2016-10-31 false 2015-11-01 2016-10-31 true 08273782 2015-11-01 2016-10-31 08273782 2016-10-31 08273782 2015-10-31 08273782 uk-gaap-cd-bus:Director1 2015-11-01 2016-10-31 08273782 uk-gaap-cd-bus:Director2 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-01 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-10-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-10-31 iso4217:GBP shares

Registered Number 08273782

INDUSTRIAL PHYCOLOGY LIMITED

Abbreviated Accounts

31 October 2016

INDUSTRIAL PHYCOLOGY LIMITED Registered Number 08273782

Abbreviated Balance Sheet as at 31 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Intangible assets	2	440,324	316,954
Tangible assets	3	131,138	153,645
		571,462	470,599
Current assets
Debtors		12,497	218,782
Cash at bank and in hand		571,461	-
		583,958	218,782
Creditors: amounts falling due within one year		(649,947)	(253,588)
Net current assets (liabilities)		(65,989)	(34,806)
Total assets less current liabilities		505,473	435,793
Provisions for liabilities		(4,892)	(4,892)
Accruals and deferred income		(486,781)	(412,664)
Total net assets (liabilities)		13,800	18,237
Capital and reserves
Called up share capital	4	129	129
Profit and loss account		13,671	18,108
Shareholders' funds		13,800	18,237

For the year ending 31 October 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 31 July 2017

And signed on their behalf by:
Dr D P Murray, Director

INDUSTRIAL PHYCOLOGY LIMITED Registered Number 08273782

Notes to the Abbreviated Accounts for the period ended 31 October 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).

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

Plant and machinery 20% straight line
Computer equipment 20% straight line

Intangible assets amortisation policy
Patents are valued at cost less accumulated amortisation. Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful lives.

2Intangible fixed assets

	£
Cost
At 1 November 2015	316,954
Additions	123,370
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	440,324
Amortisation
At 1 November 2015	-
Charge for the year	-
On disposals	-
At 31 October 2016	-
Net book values
At 31 October 2016	440,324
At 31 October 2015	316,954

3Tangible fixed assets

	£
Cost
At 1 November 2015	194,018
Additions	20,370
Disposals	-
Revaluations	-
Transfers	-
At 31 October 2016	214,388
Depreciation
At 1 November 2015	40,373
Charge for the year	42,877
On disposals	-
At 31 October 2016	83,250
Net book values
At 31 October 2016	131,138
At 31 October 2015	153,645

4Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
12,944 Ordinary shares of £0.01 each	129	129