Abbreviated Company Accounts - INTENSIFI LONDON LIMITED

INTENSIFI LONDON LIMITED - Company Information

Registered Number 09176390

INTENSIFI LONDON LIMITED

Abbreviated Accounts

30 August 2015

INTENSIFI LONDON LIMITED Registered Number 09176390

Abbreviated Balance Sheet as at 30 August 2015

	Notes	2015
		£
Current assets
Debtors		14,821
Cash at bank and in hand		24,103
		38,924
Creditors: amounts falling due within one year		(57,357)
Net current assets (liabilities)		(18,433)
Total assets less current liabilities		(18,433)
Total net assets (liabilities)		(18,433)
Capital and reserves
Called up share capital		10,262
Share premium account		340,738
Profit and loss account		(369,433)
Shareholders' funds		(18,433)

For the year ending 30 August 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 22 July 2016

And signed on their behalf by:
Miss S Anderton, Director

INTENSIFI LONDON LIMITED Registered Number 09176390

Notes to the Abbreviated Accounts for the period ended 30 August 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.

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).

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

Other accounting policies
Going Concern
We have reviewed the available bank statements post year end and have not identified any issues with availability of funds or issues with trading that would cast doubt on the company’s ability to continue as a going concern.

Research & Development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.

Revenue Recognition
Revenue is recognised as earned income when, and to the extent that, the company obtains the right to consideration in exchange for goods sold.

Related party relationships and transactions
During the year S Anderton, the director, withdrew £104,156 from the company and repaid £9,791. The director charged the company consultancy fees of £94,365 leaving a £nil balance at the year end due to the company.