Industrial Microwave Systems Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04163731 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

INDUSTRIAL MICROWAVE SYSTEMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr R G McKinnon

SECRETARY:

Mr M J Hawkes

REGISTERED OFFICE:

10 Canons Road

Old Wolverton

Milton Keynes

MK12 5TL

REGISTERED NUMBER:

04163731 (England and Wales)

FIXED ASSETS

Tangible assets

2

11,978

14,294

CURRENT ASSETS

Debtors

148,590

141,485

Cash at bank and in hand

103,856

71,360

252,446

212,845

CREDITORS

Amounts falling due within one year

194,469

179,348

NET CURRENT ASSETS

57,977

33,497

TOTAL ASSETS LESS CURRENT LIABILITIES

69,955

47,791

PROVISIONS FOR LIABILITIES

2,396

-

NET ASSETS

67,559

47,791

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

67,459

47,691

SHAREHOLDERS' FUNDS

67,559

47,791

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 12 December 2014 and were signed by:

Mr R G McKinnon - Director

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 April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

28,766

Additions

1,679

At 31 March 2014

30,445

DEPRECIATION

At 1 April 2013

14,472

Charge for year

3,995

At 31 March 2014

18,467

NET BOOK VALUE

At 31 March 2014

11,978

At 31 March 2013

14,294

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100