INBOND_LIMITED - Accounts

INBOND LIMITED - Company Information

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Company Registration No. 04759881 (England and Wales)

INBOND LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

Evolution Business and Tax Advisors LLP

Wynyard Park House

Wynyard Avenue

Wynyard

TS22 5TB

INBOND LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

INBOND LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 SEPTEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

336,704

277,048

Current assets

Stocks

4,750

23,016

Debtors

581,780

620,612

Cash at bank and in hand

195,244

102,319

781,774

745,947

Creditors: amounts falling due within one year

(354,300)

(438,131)

Net current assets

427,474

307,816

Total assets less current liabilities

764,178

584,864

Creditors: amounts falling due after more than one year

(162,205)

(222,055)

Provisions for liabilities

(61,656)

(48,477)

Accruals and deferred income

(33,078)

(20,472)

507,239

293,860

Capital and reserves

Called up share capital

Profit and loss account

507,238

293,859

Shareholders' funds

507,239

293,860

INBOND LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 SEPTEMBER 2015

- 2 -

For the financial year ended 30 September 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their 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 16 February 2016

Mr C Rye

Director

Company Registration No. 04759881

INBOND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 3 -

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).

The company has adequate financial resources and as a consequence, the directors believe that the company is well placed to manage its business risks successfully, has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

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

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years . of 5 years.

1.5

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

5-10 years

Fixtures, fittings and equipment

4-7 years

1.6

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

1.7

Stock

Stock is valued at the lower of cost and net realisable value.

1.8

Pensions

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.

1.9

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

1.10

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

INBOND LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2015

- 4 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 October 2014

64,000

1,110,515

1,174,515

Additions

123,745

At 30 September 2015

64,000

1,234,260

1,298,260

Depreciation

At 1 October 2014

64,000

833,467

897,467

Charge for the year

64,089

At 30 September 2015

64,000

897,556

961,556

Net book value

At 30 September 2015

336,704

At 30 September 2014

277,048

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £106,231 (2014 - £148,634).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £162,205 (2014 - £222,055).