Intelliplex Multimedia Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03359240 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2017

for

INTELLIPLEX MULTIMEDIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

K A Johnson-West

REGISTERED OFFICE:

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

REGISTERED NUMBER:

03359240 (England and Wales)

ACCOUNTANTS:

Davies Mayers Barnett

Pillar House

113/115 Bath Road

Cheltenham

Gloucestershire

GL53 7LS

FIXED ASSETS

Tangible assets

5

8,087

8,262

CURRENT ASSETS

Debtors

6

700

785

Cash at bank

13,421

27,100

14,121

27,885

CREDITORS

Amounts falling due within one year

7

(23,975

)

(34,910

)

NET CURRENT LIABILITIES

(9,854

)

(7,025

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,767

)

1,237

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,867

)

1,137

SHAREHOLDERS' FUNDS

(1,767

)

1,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 25th January 2018 and were signed by:

K A Johnson-West - Director

1.	STATUTORY INFORMATION

Intelliplex Multimedia 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

Details of adjustments made on transition to FRS 102 are disclosed in the First Year Adoption note.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, under the historical cost basis except for

the modification to a fair value basis where specified.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Turnover from a contract to provide services is recognised in the period in which the services are provided and in

accordance with the stage of completion of the contract at the balance sheet date.

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 etc

-

33% on cost, 10% on cost and 5% on cost

Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment

losses.

Cost includes purchase cost and other costs directly attributable to making the asset capable of operating as

intended.

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss, except to the

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

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the

balance sheet date.

Current and deferred tax are determined using tax rates and laws that have been enacted or substantively enacted

by the balance sheet date.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past

event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be

reliably estimated.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance

sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is

estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an

impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the

impairment loss is a revaluation decrease.

Short term debtors and creditors

Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising

from impairment are recognised in profit or loss.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2016

16,100

Additions

2,156

At 30th April 2017

18,256

DEPRECIATION

At 1st May 2016

7,838

Charge for year

2,331

At 30th April 2017

10,169

NET BOOK VALUE

At 30th April 2017

8,087

At 30th April 2016

8,262

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

700

785

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

10,467

8,296

Other creditors

13,508

26,614

23,975

34,910

8.	OTHER FINANCIAL COMMITMENTS

As at 30th April 2017 the company had total guarantees, contingencies and commitments of £NIL (2016: £NIL).

9.	FIRST YEAR ADOPTION

This year is the first year the company has presented its results under FRS 102. The last financial statements

prepared under the previous UK GAAP were for the period ended 30th April 2016. The date of transition to FRS

102 was 1st May 2015.

No material adjustments have been noted on transition to FRS 102.