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Private Limited Company
05105917
2014-03-31
05105917
2013-04-01
2014-03-31
05105917
2013-03-31
05105917
2012-04-01
2013-03-31
05105917
uk-bus:Director1
2013-04-01
2014-03-31
05105917
uk-bus:Director2
2013-04-01
2014-03-31
05105917
uk-gaap:FixturesFittingsToolsEquipment
2013-04-01
2014-03-31
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2014-03-31
iso4217:GBP
For the year ended 31 March 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 05105917
2
In-Scents Limited
For the year ended 31 March 2014
1
Balance Sheet
2 to 3
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
In-Scents Limited
2014
2013
2
1,038
1,266
1,038
1,266
-
1,706
7,603
11,202
9,309
11,202
| Creditors: amounts falling due within one year |
(9,309)
(4,042)
1,893
5,267
Net current assets
| Total assets less current liabilities |
6,305
3,159
(208)
(154)
| Provisions for liabilities |
6,097
Net assets
3,005
100
3
100
5,997
2,905
6,097
3,005
Shareholders funds
| For the year ended 31 March 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| The accounts have been prepared in accordance with the micro-entity provisions. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 28 December 2014 |
| Signed on behalf of the board of directors |
1 of 3
4
| Notes to the Abbreviated Financial Statements |
In-Scents Limited
For the year ended 31 March 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Fixtures and Fittings
| 50% and 25% Straight line |
2,447
259
2,706
1,181
487
Charge for year
1,668
1,038
1,266
2 of 3
5
| Notes to the Abbreviated Financial Statements |
In-Scents Limited
For the year ended 31 March 2014
| Allotted called up and fully paid |
2014
2013
| 100 Ordinary shares of £1.00 each |
100
100
100
100
S Khan
Directors Loan
-
641
-
641
-
-
641
-
641
-
N Khan
Directors Loan
-
640
-
640
-
-
640
-
640
-
The directors' loans were unsecured and repayable on demand. Interest was paid at the rate of 4%.
3 of 3
