Instaflame Property Services Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08800636

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

INSTAFLAME PROPERTY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

J Barrett

SECRETARY:

REGISTERED OFFICE:

23 Ridley Road

Wimbledon

London

SW19 1ET

REGISTERED NUMBER:

08800636

ACCOUNTANTS:

Kingfisher Business Advisors Ltd

Chartered Accountants

2 High St

Chobham

Woking

Surrey

GU24 8AA

FIXED ASSETS

Tangible assets

4

21,494

17,890

CURRENT ASSETS

Stocks

25,000

-

Debtors

5

36,492

13,657

Cash in hand

2,567

12,689

64,059

26,346

CREDITORS

Amounts falling due within one year

6

70,937

32,235

NET CURRENT LIABILITIES

(6,878

)

(5,889

)

TOTAL ASSETS LESS CURRENT LIABILITIES

14,616

12,001

CREDITORS

Amounts falling due after more than one year

7

(7,585

)

(11,828

)

PROVISIONS FOR LIABILITIES

(1,703

)

(699

)

NET ASSETS/(LIABILITIES)

5,328

(526

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

5,326

(528

)

SHAREHOLDERS' FUNDS

5,328

(526

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 June 2017 and were signed by:

J Barrett - Director

1.	STATUTORY INFORMATION

Instaflame Property Services Limited is a private company, limited by shares , registered in Not specified/Other.

The 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover 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

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

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws

that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of

the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2016

23,853

Additions

10,794

At 31 December 2016

34,647

DEPRECIATION

At 1 January 2016

5,963

Charge for year

7,190

At 31 December 2016

13,153

NET BOOK VALUE

At 31 December 2016

21,494

At 31 December 2015

17,890

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

35,424

12,757

Other debtors

1,068

900

36,492

13,657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

4,243

4,243

Trade creditors

19,250

6,559

Taxation and social security

11,737

10,424

Other creditors

35,707

11,009

70,937

32,235

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.16

31.12.15

£

£

Hire purchase contracts

7,585

11,828