INQUIRON_LIMITED - Accounts

INQUIRON LIMITED - Company Information

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Company Registration No. 08359726 (England and Wales)

INQUIRON LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

INQUIRON LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

INQUIRON LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,988

2,651

Current assets

Debtors

2,217

11,384

Cash at bank and in hand

1,671

17,269

3,888

28,653

Creditors: amounts falling due within one year

(436,859)

(326,754)

Net current liabilities

(432,971)

(298,101)

Total assets less current liabilities

(430,983)

(295,450)

Capital and reserves

Called up share capital

Profit and loss account

(430,984)

(295,451)

Shareholders' funds

(430,983)

(295,450)

For the financial year ended 31 March 2016 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 1 September 2016

Mr Michael Ashworth

Director

Company Registration No. 08359726

INQUIRON LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 2 -

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 January 2015).

1.2

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:

Computer equipment

25% Reducing Balance

1.3

Going concern

The financial statements have been prepared on a going concern basis as one of the main creditors, has expressed a willingness not to seek repayment within the next twelve months from the date of approval of this financial statement.

Fixed assets

Tangible assets

Cost

At 1 April 2015 & at 31 March 2016

4,247

Depreciation

At 1 April 2015

1,596

Charge for the year

663

At 31 March 2016

2,259

Net book value

At 31 March 2016

1,988

At 31 March 2015

2,651

Share capital

2016

2015

Allotted, called up and fully paid

1 Ordinary Share of £1 each