Abbreviated Company Accounts - ISIMPLICITY LTD

SIMPLICITY GROUP LTD - Company Information

NI619610 ISIMPLICITY LTD 2014-12-31 false 2013-07-31 2014-12-31 true NI619610 2013-07-31 2014-12-31 NI619610 2014-12-31 NI619610 uk-gaap-cd-bus:Director1 2013-07-31 2014-12-31 NI619610 uk-gaap-cd-bus:Director2 2013-07-31 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-31 2014-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number NI619610

ISIMPLICITY LTD

Abbreviated Accounts

31 December 2014

ISIMPLICITY LTD Registered Number NI619610

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014
		£
Fixed assets
Tangible assets	2	1,447
		1,447
Current assets
Stocks		27,950
Debtors		6,676
Cash at bank and in hand		32,102
		66,728
Creditors: amounts falling due within one year		(62,512)
Net current assets (liabilities)		4,216
Total assets less current liabilities		5,663
Total net assets (liabilities)		5,663
Capital and reserves
Called up share capital	3	950
Profit and loss account		4,713
Shareholders' funds		5,663

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 April 2015

And signed on their behalf by:
N Girvan, Director
J Marsh, Director

ISIMPLICITY LTD Registered Number NI619610

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements are prepared under the historical cost convention.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

Compliance with accounting standards
The financial statements have been prepared on a going concern basis under the historical cost
convention and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment - 33.3% straight line

2Tangible fixed assets

	£
Cost
Additions	2,171
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	2,171
Depreciation
Charge for the year	724
On disposals	-
At 31 December 2014	724
Net book values
At 31 December 2014	1,447

3Called Up Share Capital
Allotted, called up and fully paid:

	2014 £
950 Ordinary shares of £1 each	950