Ivy Link Partnership Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08279273 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended

30 November 2016

for

Ivy Link Partnership Limited

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

M Wilkinson

REGISTERED OFFICE:

Unit C

Cavendish Courtyard

Sallow Road

Corby

Northamptonshire

NN17 5DZ

REGISTERED NUMBER:

08279273 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

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

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to seven) 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 Ivy Link Partnership Limited for the year ended 30 November 2016

which comprise the Profit and Loss Account, the Balance Sheet, the Cash Flow Statement, the Statement

of Total Recognised Gains and Losses 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 director of Ivy Link Partnership Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ivy Link Partnership Limited and state those matters that we have agreed to state to the director of Ivy Link Partnership Limited 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 Ivy Link Partnership Limited director for our work or for this report.

It is your duty to ensure that Ivy Link Partnership Limited 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 loss of Ivy Link Partnership Limited. You consider that Ivy Link Partnership Limited 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 Ivy Link Partnership Limited. 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.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

24 August 2017

FIXED ASSETS

Intangible assets

2

2,000

4,000

Tangible assets

3

931

900

2,931

4,900

CURRENT ASSETS

Debtors

113,810

287,018

Cash at bank

-

877

113,810

287,895

CREDITORS

Amounts falling due within one year

189,740

237,130

NET CURRENT (LIABILITIES)/ASSETS

(75,930

)

50,765

TOTAL ASSETS LESS CURRENT
LIABILITIES

(72,999

)

55,665

PROVISIONS FOR LIABILITIES

-

170

NET (LIABILITIES)/ASSETS

(72,999

)

55,495

CAPITAL AND RESERVES

Called up share capital

4

100

Profit and loss account

(73,099

)

55,395

SHAREHOLDERS' FUNDS

(72,999

)

55,495

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 August 2017 and were signed by:

M Wilkinson - 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 the value of goods and services provided under contracts to the extent that

there is a right to consideration and is recorded at the value of the consideration due. Where a

contract has only been partially completed at the balance sheet date turnover represents the value

of service provided to the date based on a proportion of the total expected consideration on

completion.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date where transactions or events have occurred at that date that will result in

an obligation to pay more, or a right to pay less or to receive more tax with the following

exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in

the periods in which timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

and 30 November 2016

10,000

AMORTISATION

At 1 December 2015

6,000

Amortisation for year

2,000

At 30 November 2016

8,000

NET BOOK VALUE

At 30 November 2016

2,000

At 30 November 2015

4,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

2,835

Additions

1,174

Disposals

(959

)

At 30 November 2016

3,050

DEPRECIATION

At 1 December 2015

1,935

Charge for year

184

At 30 November 2016

2,119

NET BOOK VALUE

At 30 November 2016

931

At 30 November 2015

900

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.16

30.11.15

value:

£

35

Ordinary

£1

35

Ordinary "A"

£1

35

30

Ordinary "B"

£1

30

100

5.	GOING CONCERN

The accounts have been drawn up on a going concern basis as the director will continue to support

the company as necessary.