IGG Investments ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08115244 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

IGG Investments ltd

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Directors:

G W Hughes

I Forde-Smith

G R Walker

Secretary:

Registered office:

c/o The Office

Ffordd Pentre Bach

Nercwys

Mold

Flintshire

CH7 4EG

Registered number:

08115244 (England and Wales)

Accountants:

Ridgway and Company

Chartered Accountants

The Office,

Ffordd Pentre Bach, Nercwys.

Mold

Flintshire

CH7 4EG

FIXED ASSETS

Tangible assets

2

2,058

2,488

CURRENT ASSETS

Stocks

1,700,000

985,000

Debtors

7,623

19,402

Cash at bank

328,195

87,653

2,035,818

1,092,055

CREDITORS

Amounts falling due within one year

2,088,374

1,256,639

NET CURRENT LIABILITIES

(52,556

)

(164,584

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,498

)

(162,096

)

CREDITORS

Amounts falling due after more than one
year

171,984

-

NET LIABILITIES

(222,482

)

(162,096

)

CAPITAL AND RESERVES

Called up share capital

3

Profit and loss account

(222,485

)

(162,099

)

SHAREHOLDERS' FUNDS

(222,482

)

(162,096

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 25 October 2016 and were signed on its behalf by:

I Forde-Smith - Director

G W Hughes - Director

G R Walker - Director

1.	ACCOUNTING POLICIES

ACCOUNTING CONVENTION

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 10% on reducing balance

STOCKS

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

HIRE PURCHASE AND LEASING COMMITMENTS

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

2,623

DEPRECIATION

At 1 February 2015

135

Charge for year

430

At 31 January 2016

565

NET BOOK VALUE

At 31 January 2016

2,058

At 31 January 2015

2,488

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

3

Ordinary

1.00

3