Image Inter Trade Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 02191223 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2013

FOR

IMAGE INTER TRADE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Swindells

G Cowan

SECRETARY:

Miss M Barry

REGISTERED OFFICE:

21 Navigation Business Village

Navigation Way

Ashton-on-Ribble

Preston

Lancashire

PR2 2YP

REGISTERED NUMBER:

02191223 (England and Wales)

ACCOUNTANTS:

Forbes Watson Limited

Melton Grove Works

Church Road

Lytham St Annes

Lancashire

FY8 5PL

CURRENT ASSETS

Debtors

-

2,670

Cash at bank

-

3,209

-

5,879

CREDITORS

Amounts falling due within one year

-

(1,866

)

NET CURRENT ASSETS

-

4,013

TOTAL ASSETS LESS CURRENT LIABILITIES

-

4,013

CAPITAL AND RESERVES

Called up share capital

3

98

98

Profit and loss account

(98

)

3,915

SHAREHOLDERS' FUNDS

-

4,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 April 2014 and were signed on its behalf by:

A Swindells - 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).

Revenue recognition

Income is recognised when the Company earns the right to consideration, in exchange for the performance of a

contract.

Turnover

Turnover is the amount derived from ordinary activities and stated after trade discounts and net of value added

tax.

Deferred tax

Deferred tax is recognised in respect of the timing differences of fixed assets that have originated but not

reversed at the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

and 31 December 2013

69,267

DEPRECIATION

At 1 January 2013

and 31 December 2013

69,267

NET BOOK VALUE

At 31 December 2013

-

At 31 December 2012

-

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

98

Ordinary

£1

98

98

4.	RELATED PARTY DISCLOSURES