Abbreviated Company Accounts - IMPACT CONTROL SYSTEMS LIMITED

IMPACT CONTROL SYSTEMS LIMITED - Company Information

Registered Number 02654941

IMPACT CONTROL SYSTEMS LIMITED

Abbreviated Accounts

31 December 2014

IMPACT CONTROL SYSTEMS LIMITED Registered Number 02654941

Abbreviated Balance Sheet as at 31 December 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	50,775	18,988
		50,775	18,988
Current assets
Stocks		80,000	150,000
Debtors		809,641	661,207
Cash at bank and in hand		959,866	832,656
		1,849,507	1,643,863
Creditors: amounts falling due within one year		(1,325,425)	(1,098,970)
Net current assets (liabilities)		524,082	544,893
Total assets less current liabilities		574,857	563,881
Creditors: amounts falling due after more than one year		(21,750)	-
Provisions for liabilities		(1,977)	(3,798)
Total net assets (liabilities)		551,130	560,083
Capital and reserves
Called up share capital		1,100	1,100
Profit and loss account		550,030	558,983
Shareholders' funds		551,130	560,083

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 2 June 2015

And signed on their behalf by:
Mr G Price, Director

IMPACT CONTROL SYSTEMS LIMITED Registered Number 02654941

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

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
The Company’s turnover represents the value, excluding Value Added Tax, of goods sold and services supplied to customers during the period.

Tangible assets depreciation policy
Depreciation has been provided to write off the cost of tangible fixed assets over their expected useful lives using the following rates:-

Computer Equipment - 20% on reducing balance
Plant, Fixtures and Fittings - 15% on reducing balance
Motor Vehicles - 25% on reducing balance

2Tangible fixed assets

	£
Cost
At 1 January 2014	84,792
Additions	43,828
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2014	128,620
Depreciation
At 1 January 2014	65,804
Charge for the year	12,041
On disposals	-
At 31 December 2014	77,845
Net book values
At 31 December 2014	50,775
At 31 December 2013	18,988