Ipulse Direct Limited - Accounts to registrar - small 17.2

Ipulse Direct Limited - Accounts to registrar - small 17.2

IPULSE DIRECT LIMITED - Company Information

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REGISTERED NUMBER: 09144229 (England and Wales)












IPULSE DIRECT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016






IPULSE DIRECT LIMITED (REGISTERED NUMBER: 09144229)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

IPULSE DIRECT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: G Davies
Ms A M C Avis
T E Beckett
Prof R M Clement
C D Outram
Sir N R Rudd





SECRETARY: G Davies





REGISTERED OFFICE: Technium 2
Kings Road
Swansea
SA1 8PJ





REGISTERED NUMBER: 09144229 (England and Wales)





ACCOUNTANTS: Bevan & Buckland
Chartered Accountants
Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY
Page 1
IPULSE DIRECT LIMITED (REGISTERED NUMBER: 09144229)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
CURRENT ASSETS
Debtors 3 6 44,873
Cash at bank 9,961 30,567
9,967 75,440
CREDITORS
Amounts falling due within one year 4 8,531 67,558
NET CURRENT ASSETS 1,436 7,882
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,436
7,882

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,435 7,881
SHAREHOLDERS' FUNDS 1,436 7,882

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 directors acknowledge their 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 Board of Directors on 29 September 2017 and were signed on
its behalf by:





G Davies - Director


The notes form part of these financial statements

Page 2
IPULSE DIRECT LIMITED (REGISTERED NUMBER: 09144229)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Ipulse Direct Limited is a private company, limited by shares , registered in England and Wales. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.


Turnover
Turnover comprises revenue recognised by the company in respect of goods supplied during the year,
exclusive of Value Added Tax and trade discounts. Turnover is recognised on despatch of the goods
to the customer.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

Provisions
Provisions are recognised when the Company has a present obligation (legal or constructive) as a
result of a past event, it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation and a reliable estimate can be made of the amount of the obligation.

3. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors - 36,988
Amounts owed by group undertakings 1 1
Other debtors 5 7,884
6 44,873

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade creditors - 22,943
Amounts owed to group undertakings 8,531 39,858
Taxation and social security - 3,257
Other creditors - 1,500
8,531 67,558

Page 3 continued...
IPULSE DIRECT LIMITED (REGISTERED NUMBER: 09144229)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

5. ULTIMATE CONTROLLING PARTY

There is considered by the directors to be no ultimate controlling party of iPulse Direct Limited.

6. GOING CONCERN

At the year end the company had ceased trading and passed on its trade to CyDen Limited a fellow
group member. The directors intended to settle all liabilities and have no intention to strike the
company off in the short term. The financial statements do not include any adjustments that would
result if the company was unable to continue as a going concern.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IPULSE DIRECT LIMITED

The following reproduces the text of the report prepared for the directors and members in respect of
the company's annual unaudited financial statements. In accordance with the Companies Act 2006,
the company is only required to file a Balance Sheet. Readers are cautioned that the Income
Statement and certain other primary statements and the Report of the Directors are not required to be
filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval
the financial statements of Ipulse Direct Limited for the year ended 31 December 2016 which comprise the
Income Statement, Balance Sheet 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 Board of Directors of Ipulse Direct Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ipulse Direct Limited and state those matters that we have agreed to state to the Board of Directors of Ipulse Direct Limited, as a body, 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 Ipulse Direct Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ipulse Direct 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 Ipulse Direct Limited. You consider that Ipulse Direct 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 Ipulse Direct 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.






Bevan & Buckland
Chartered Accountants
Langdon House
Langdon Road
SA1 Swansea Waterfront
Swansea
SA1 8QY


29 September 2017

This page does not form part of the statutory financial statements

Page 5