Abbreviated Company Accounts - IRAS LIMITED

Abbreviated Company Accounts - IRAS LIMITED

IRAS LIMITED - Company Information

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Registered Number 02306753

IRAS LIMITED

Abbreviated Accounts

31 March 2014

IRAS LIMITED Registered Number 02306753

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 5,937 7,705
5,937 7,705
Current assets
Cash at bank and in hand 111 4,015
111 4,015
Creditors: amounts falling due within one year (6,071) (10,046)
Net current assets (liabilities) (5,960) (6,031)
Total assets less current liabilities (23) 1,674
Accruals and deferred income (350) (350)
Total net assets (liabilities) (373) 1,324
Capital and reserves
Called up share capital 76 76
Other reserves 24 24
Profit and loss account (473) 1,224
Shareholders' funds (373) 1,324
  • For the year ending 31 March 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2014

And signed on their behalf by:
MR A FRITH, Director

IRAS LIMITED Registered Number 02306753

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The turnover shown in the profit and loss account represents amounts invoiced during the year,exclusive of Value Added Tax.

2Tangible fixed assets
£
Cost
At 1 April 2013 25,889
Additions -
Disposals (8,201)
Revaluations -
Transfers -
At 31 March 2014 17,688
Depreciation
At 1 April 2013 18,184
Charge for the year 1,768
On disposals (8,201)
At 31 March 2014 11,751
Net book values
At 31 March 2014 5,937
At 31 March 2013 7,705