Investing in Development Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08059635 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 May 2014

for

Investing in Development Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

K Davies

SECRETARY:

Mrs S Davies

REGISTERED OFFICE:

4 Oulton Farm Barns

Oulton Lane

Oulton Norbury

Staffordshire

ST20 0NL

REGISTERED NUMBER:

08059635 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

Upper Norwood

London

SE19 3RW

FIXED ASSETS

Tangible assets

2

21,083

-

CURRENT ASSETS

Debtors

941

2,840

Cash at bank

1,344

29,731

2,285

32,571

CREDITORS

Amounts falling due within one year

(15,943

)

(18,123

)

NET CURRENT (LIABILITIES)/ASSETS

(13,658

)

14,448

TOTAL ASSETS LESS CURRENT LIABILITIES

7,425

14,448

CREDITORS

Amounts falling due after more than one year

(14,263

)

-

NET (LIABILITIES)/ASSETS

(6,838

)

14,448

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

(6,938

)

14,348

SHAREHOLDERS' FUNDS

(6,838

)

14,448

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 25 February 2015 and were signed by:

K Davies - 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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 where transactions or events that result in an obligation to pay more, or a right to pay less, tax in the

future have occurred at the balance sheet date.

This is subject to deferred tax assets only being recognised if it is considered more likely than not that there will

be suitable profits from which the future reversal of the underlying timing differences can be deducted.

Timing differences are differences arising between the Company's taxable profits and its results as stated in the

financial statements, which are capable of reversal in one or more subsequent periods.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

25,948

At 31 May 2014

25,948

DEPRECIATION

Charge for year

4,865

At 31 May 2014

4,865

NET BOOK VALUE

At 31 May 2014

21,083

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

100

Ordinary

£1.00

100

100