IV_PLATFORM_LIMITED - Accounts

IV PLATFORM LIMITED - Company Information

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Company Registration No. 08757165 (England and Wales)

IV PLATFORM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2014

IV PLATFORM LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

IV PLATFORM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2014

- 1 -

2014

Notes

Fixed assets

Intangible assets

19,400

Tangible assets

1,585

20,985

Current assets

Debtors

33,631

Cash at bank and in hand

70,159

103,790

Creditors: amounts falling due within one year

(198,935)

Net current liabilities

(95,145)

Total assets less current liabilities

(74,160)

Capital and reserves

Called up share capital

Profit and loss account

(74,240)

Shareholder's funds

(74,160)

For the financial period ended 31 October 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 18 May 2015

Mr C Underhill

Director

Company Registration No. 08757165

IV PLATFORM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 OCTOBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Going concern
As at the balance sheet date, the financial statements show that the company has liabilities in excess of assets of £74,160 as a result of losses made to date. The financial statements have been prepared on a going concern basis as the director has confirmed that he will continue to support the company for the foreseeable future and meet the excess liabilities if the company is unable to do so.

1.2

Turnover

Turnover represents amounts receivable for services, net of VAT.

1.3

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.4

Tangible fixed assets and depreciation

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:

Plant and machinery

25% straight line

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 31 October 2013

Additions

29,100

4,500

33,600

At 31 October 2014

29,100

4,500

33,600

Depreciation

At 31 October 2013

Charge for the period

9,700

2,915

12,615

At 31 October 2014

9,700

2,915

12,615

Net book value

At 31 October 2014

19,400

1,585

20,985

Share capital

2014

Allotted, called up and fully paid

8,000 Ordinary shares of 1p each