Innovative Packaging Solutions Limited - Abbreviated accounts 16.3
Innovative Packaging Solutions Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Period 1 September 2015 to 28 February 2017 |
| for |
| Innovative Packaging Solutions Limited |
| Innovative Packaging Solutions Limited (Registered number: 05501369) |
| Contents of the Abbreviated Accounts |
| for the Period 1 September 2015 to 28 February 2017 |
| Page |
| Company Information | 1 |
| Report of the Accountants | 2 |
| Abbreviated Balance Sheet | 3 |
| Notes to the Abbreviated Accounts | 5 |
| Innovative Packaging Solutions Limited |
| Company Information |
| for the Period 1 September 2015 to 28 February 2017 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Innovative Packaging Solutions Limited |
| Report of the Accountants to the Director of |
| Innovative Packaging Solutions Limited |
| 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 six) |
| have been prepared. |
| As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 28 February 2017 set out on pages nil to nil and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| Chartered Certified Accountants |
| 11 December 2017 |
| Innovative Packaging Solutions Limited (Registered number: 05501369) |
| Abbreviated Balance Sheet |
| 28 February 2017 |
| 2017 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| Innovative Packaging Solutions Limited (Registered number: 05501369) |
| Abbreviated Balance Sheet - continued |
| 28 February 2017 |
| 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 were approved by the director on |
| Innovative Packaging Solutions Limited (Registered number: 05501369) |
| Notes to the Abbreviated Accounts |
| for the Period 1 September 2015 to 28 February 2017 |
| 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 net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the |
| identifiable assets and liabilities. It is amortised to the profit and loss account over its estimated economic life. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed 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. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| and 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 31 August 2015 |
| Innovative Packaging Solutions Limited (Registered number: 05501369) |
| Notes to the Abbreviated Accounts - continued |
| for the Period 1 September 2015 to 28 February 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 September 2015 |
| and 28 February 2017 |
| DEPRECIATION |
| At 1 September 2015 |
| Charge for period |
| At 28 February 2017 |
| NET BOOK VALUE |
| At 28 February 2017 |
| At 31 August 2015 |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2015 |
| value: | £ | £ |
| A Ordinary | £1 |