Abbreviated Company Accounts - THE IMAGE DIVISION LTD

Abbreviated Company Accounts - THE IMAGE DIVISION LTD

THE IMAGE DIVISION LTD - Company Information

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Registered Number 06884188

THE IMAGE DIVISION LTD

Abbreviated Accounts

30 April 2015

THE IMAGE DIVISION LTD Registered Number 06884188

Abbreviated Balance Sheet as at 30 April 2015

Notes 2015 2014
£ £
Current assets
Debtors 4,000 4,000
Cash at bank and in hand 95 91
4,095 4,091
Creditors: amounts falling due within one year (19,295) (4,613)
Net current assets (liabilities) (15,200) (522)
Total assets less current liabilities (15,200) (522)
Creditors: amounts falling due after more than one year 0 (9,012)
Total net assets (liabilities) (15,200) (9,534)
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account (16,200) (10,534)
Shareholders' funds (15,200) (9,534)
  • 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 23 February 2016

And signed on their behalf by:
Mr D R Ashton, Director

THE IMAGE DIVISION LTD Registered Number 06884188

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.

Other accounting policies
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on a going concern basis not withstanding the excess of liabilities over assets as the directors believe the beneficial owner will continue to make adequate funds available to enable the company to meet its liabilities as and when they fall due. The directors have no reason to believe that financial support will not continue in the future and considered it appropriate to adopt a going concern basis. The accounts do not contain any adjustments that would be necessary should this basis not be appropriate.