| IDEAZ-INC LIMITED |
| Registered number: |
06847195 |
| Abbreviated Balance Sheet |
| as at 31 March 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
2,076 |
|
|
1,377 |
|
| Current assets |
| Stocks |
|
|
5,428 |
|
|
- |
| Debtors |
|
|
36,339 |
|
|
17,369 |
| Cash at bank and in hand |
|
|
- |
|
|
3,595 |
|
|
|
41,767 |
|
|
20,964 |
|
| Creditors: amounts falling due within one year |
|
|
(34,530) |
|
|
(22,165) |
|
| Net current assets/(liabilities) |
|
|
|
7,237 |
|
|
(1,201) |
|
| Net assets |
|
|
|
9,313 |
|
|
176 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
2 |
|
|
2 |
| Profit and loss account |
|
|
|
9,311 |
|
|
174 |
|
| Shareholders' funds |
|
|
|
9,313 |
|
|
176 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Deborah Nicholl-Timmins |
| Director |
| Approved by the board on 15 December 2014 |
|
| IDEAZ-INC LIMITED |
| Notes to the Abbreviated Accounts |
| for the year ended 31 March 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Office equipment |
20% straight line |
|
Motor vehicles |
25% straight line |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2013 |
2,982 |
|
Additions |
1,391 |
|
At 31 March 2014 |
4,373 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2013 |
1,605 |
|
Charge for the year |
692 |
|
At 31 March 2014 |
2,297 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2014 |
2,076 |
|
At 31 March 2013 |
1,377 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Loans to (from) directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Marc Timmins |
|
Included in creditors: amounts falling due within one year |
(4,109) |
|
- |
|
(1,376) |
|
(5,485) |
|
|
Deborah Nicholl-Timmins |
|
Included in creditors: amounts falling due within one year |
(5,986) |
|
- |
|
130 |
|
(5,856) |
|
|
|
(10,095) |
|
- |
|
(1,246) |
|
(11,341) |
|
|
|
|
|
|
|
|
|
