Imagine Draughting Services Limited,Ltd - AccountsLtd - Accounts

Imagine Draughting Services Limited,Ltd - AccountsLtd - Accounts

IMAGINE DRAUGHTING SERVICES LIMITED - Company Information

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2016-03-01 08912204 2017-02-28 08912204 2016-03-01 2017-02-28 08912204 2016-02-28 08912204 2015-03-01 2016-02-28 08912204 uk-core:WithinOneYear 2016-02-28 08912204 uk-core:WithinOneYear 2017-02-28 08912204 uk-core:ShareCapital 2017-02-28 08912204 uk-core:ShareCapital 2016-02-28 08912204 uk-core:RetainedEarningsAccumulatedLosses 2017-02-28 08912204 uk-core:RetainedEarningsAccumulatedLosses 2016-02-28 08912204 uk-bus:Director1 2016-03-01 2017-02-28 08912204 uk-core:ToolsEquipment 2016-03-01 2017-02-28 08912204 uk-core:FurnitureFittings 2016-03-01 2017-02-28 08912204 uk-core:ToolsEquipment 2016-02-28 08912204 uk-core:FurnitureFittings 2016-02-28 08912204 uk-core:FurnitureFittings 2017-02-28 08912204 uk-core:ToolsEquipment 2017-02-28 iso4217:GBP 08912204 uk-bus:AuditExemptWithAccountantsReport 2016-03-01 2017-02-28 08912204 uk-bus:FRS102 2016-03-01 2017-02-28 08912204 uk-bus:FullAccounts 2016-03-01 2017-02-28 08912204 uk-bus:PrivateLimitedCompanyLtd 2016-03-01 2017-02-28
Imagine Draughting Services Limited
Registered Number:08912204
For the year ended 28 February 2017
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2017
Imagine Draughting Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 28 February 2017
Imagine Draughting Services Limited
Statement of Financial Position
Registered Number :
08912204
£
£
2016
2017
Notes
Fixed assets
Property, plant and equipment
2,380
3,045
2
2,380
3,045
Current assets
Trade and other receivables
-
801
801
-
Trade and other payables: amounts falling due within one
year
(2,605)
-
3
(2,605)
801
Net current assets
Total assets less current liabilities
3,181
440
3,181
Net assets
440
Capital and reserves
Called up share capital
10
10
Retained earnings
3,171
430
3,181
440
Shareholders' funds
For the year ended 28 February 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
Mr Ryan Long Director
These financial statements were approved and authorised for issue by the Board on 06 September 2017 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 28 February 2017
Imagine Draughting Services Limited
Notes to the Financial Statements
Statutory Information
Imagine Draughting Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08912204.
Registered address:
5 Yew Gardends
Blackpool
Lancashire
FY4 5FR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 March 2016
5,000
3,000
2,000
At 28 February 2017
2,000
3,000
5,000
Provision for depreciation and impairment
At 01 March 2016
1,955
1,080
875
Charge for year
665
384
281
At 28 February 2017
2,620
1,464
1,156
At 28 February 2017
Net book value
844
1,536
2,380
At 29 February 2016
1,125
1,920
3,045
2 of 3
5
For the year ended 28 February 2017
Imagine Draughting Services Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2016
2017
£
£
Other creditors
-
2,605
3 of 3