Abbreviated Company Accounts - IO WEB LIMITED

Abbreviated Company Accounts - IO WEB LIMITED


Registered Number NI626808

IO WEB LIMITED

Abbreviated Accounts

30 September 2015

IO WEB LIMITED Registered Number NI626808

Abbreviated Balance Sheet as at 30 September 2015

Notes 2015
£
Current assets
Cash at bank and in hand 13
13
Creditors: amounts falling due within one year (301)
Net current assets (liabilities) (288)
Total assets less current liabilities (288)
Total net assets (liabilities) (288)
Capital and reserves
Called up share capital 2 1
Profit and loss account (289)
Shareholders' funds (288)
  • For the year ending 30 September 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 June 2016

And signed on their behalf by:
Ruan O'Tiarnaigh, Director

IO WEB LIMITED Registered Number NI626808

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

1Accounting Policies

Basis of measurement and preparation of accounts
Accounting convention
The financial statements have been prepared under the historical cost convention.

Compliance with accounting standards
The financial statements have been prepared on the going concern basis under the historical cost convention, in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom. The principle accounting policies, which have been applied consistently throughout the year, are set out below.

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

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

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.

2Called Up Share Capital
Allotted, called up and fully paid:
2015
£
1 Ordinary shares of £1 each 1