Abbreviated Company Accounts - IFP - IBERIAN LTD

Registered Number 08020991

IFP - IBERIAN LTD

Abbreviated Accounts

30 April 2015

IFP - IBERIAN LTD Registered Number 08020991

Abbreviated Balance Sheet as at 30 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	835	1,114
		835	1,114
Current assets
Debtors	3	3,289	2,189
Cash at bank and in hand		142,178	126,554
		145,467	128,743
Creditors: amounts falling due within one year		(33,267)	(31,776)
Net current assets (liabilities)		112,200	96,967
Total assets less current liabilities		113,035	98,081
Creditors: amounts falling due after more than one year		(89,331)	(86,332)
Total net assets (liabilities)		23,704	11,749
Capital and reserves
Called up share capital		100	100
Profit and loss account		23,604	11,649
Shareholders' funds		23,704	11,749

For the year ending 30 April 2015 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 17 January 2016

And signed on their behalf by:
F M Webb (Mrs), Director

IFP - IBERIAN LTD Registered Number 08020991

Notes to the Abbreviated Accounts for the period ended 30 April 2015

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 is a provider of prepaid funeral plans for expatriates. The plans carry an
administration charge of 20% and this percentage has been recognised as income on each installment received. As the plans are refundable at any time (less an administration fee) future installments have not been recognised as debtors and the turnover has been calculated solely on receipts

Tangible assets depreciation policy
Depreciation has been provided to write off the cost of fixed assets over their estimated lives at the
following rates and bases:-
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance

2Tangible fixed assets

	£
Cost
At 1 May 2014	1,980
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 April 2015	1,980
Depreciation
At 1 May 2014	866
Charge for the year	279
On disposals	-
At 30 April 2015	1,145
Net book values
At 30 April 2015	835
At 30 April 2014	1,114

No assets are subject to fixed charges

3Debtors

All debtors fall due within twelve months.