In2Ambition Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 08813385 (England and Wales)

In2Ambition Limited

Abbreviated Unaudited Accounts

for the Period 13 December 2013 to 31 December 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

DIRECTORS:

K Matiya

Mrs J E Williams

SECRETARY:

Mrs J E Williams

REGISTERED OFFICE:

Meryll House

57 Worcester road,

Bromsgrove

Worcestershire

B61 7DN

REGISTERED NUMBER:

08813385 (England and Wales)

ACCOUNTANTS:

Pinfields Limited

Chartered Accountants

Meryll House

57 Worcester Road

Bromsgrove

Worcestershire

B61 7DN

FIXED ASSETS

Intangible assets

2

8,000

Tangible assets

3

56,823

64,823

CURRENT ASSETS

Debtors

53,863

Cash at bank

71,808

125,671

CREDITORS

Amounts falling due within one year

82,596

NET CURRENT ASSETS

43,075

TOTAL ASSETS LESS CURRENT LIABILITIES

107,898

CREDITORS

Amounts falling due after more than one year

50,000

NET ASSETS

57,898

CAPITAL AND RESERVES

Called up share capital

4

2

Share premium

199,999

Profit and loss account

(142,103

)

SHAREHOLDERS' FUNDS

57,898

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 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 30 March 2015 and were signed on its behalf by:

Mrs J E Williams - Director

K Matiya - 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Going concern basis of accounts

The accounts have been prepared on the assumption that the company is able to carry on business as a going

concern, which the directors consider appropriate having regard to the circumstances outlined in a note to the

accounts.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

14,000

At 31 December 2014

14,000

AMORTISATION

Amortisation for period

6,000

At 31 December 2014

6,000

NET BOOK VALUE

At 31 December 2014

8,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

75,235

At 31 December 2014

75,235

DEPRECIATION

Charge for period

18,412

At 31 December 2014

18,412

NET BOOK VALUE

At 31 December 2014

56,823

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,538

Ordinary £0.001

0.1p

2

A total of 1438 Ordinary shares of 1p were issued during the period as follows:

100 for cash of £ 1

5.	GOING CONCERN

The company will continue to receive full support from its directors and shareholders. As a result the going

concern basis of accounting has been adopted.