Company Registration No. 04759881 (England and Wales)
INBOND LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
Evolution
Wynyard Park House
Wynyard Avenue
Wynyard
TS22 5TB
INBOND LIMITED
CONTENTS
Page
Abbreviated balance sheet
1 - 2
Notes to the abbreviated accounts
3 - 4
INBOND LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
320,825
336,704
Current assets
Stocks
4,750
4,750
Debtors
584,137
581,780
Cash at bank and in hand
164,496
195,244
753,383
781,774
Creditors: amounts falling due within one year
3
(387,463)
(354,300)
Net current assets
365,920
427,474
Total assets less current liabilities
686,745
764,178
Creditors: amounts falling due after more than one year
4
(63,661)
(162,205)
Provisions for liabilities
(59,503)
(61,656)
Accruals and deferred income
(18,088)
(33,078)
545,493
507,239
Capital and reserves
Called up share capital
5
1
1
Profit and loss account
545,492
507,238
Shareholders' funds
545,493
507,239
INBOND LIMITED
ABBREVIATED BALANCE SHEET (CONTINUED)
AS AT
30 SEPTEMBER 2016
30 September 2016
- 2 -
For the financial year ended 30 September 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 21 December 2016
Mr C Rye
Director
Company Registration No. 04759881
INBOND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
1
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).
The company has adequate financial resources and as a consequence, the directors believe that the company is well placed to manage its business risks successfully, has adequate resources to continue in operational existence and meet its liabilities as they fall due for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
1.2
Compliance with accounting standards
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life of 5 years . of 5 years.
1.5
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:
Plant and machinery
5-10 years
Fixtures, fittings and equipment
4-7 years
1.6
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.7
Stock
Stock is valued at the lower of cost and net realisable value.
1.8
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
1.9
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.
1.10
Foreign currency translation
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.
INBOND LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 4 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2015
64,000
1,234,260
1,298,260
Additions
-
59,909
59,909
At 30 September 2016
64,000
1,294,169
1,358,169
Depreciation
At 1 October 2015
64,000
897,556
961,556
Charge for the year
-
75,788
75,788
At 30 September 2016
64,000
973,344
1,037,344
Net book value
At 30 September 2016
-
320,825
320,825
At 30 September 2015
-
336,704
336,704
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £98,544 (2015 - £106,231).
4
Creditors: amounts falling due after more than one year
The aggregate amount of creditors for which security has been given amounted to £63,661 (2015 - £162,205).
5
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 ordinary share of £1 each
1
1
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