IPNE LTD - Abbreviated accounts 16.3

REGISTERED NUMBER: 05423987 (England and Wales)

IPNE LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

30 APRIL 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr S J Brannon

SECRETARY:

Mr P R Brannon

REGISTERED OFFICE:

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

REGISTERED NUMBER:

05423987 (England and Wales)

ACCOUNTANTS:

JSA Services Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

2

955

1,444

CURRENT ASSETS

Debtors

10,581

11,970

Cash at bank

14,673

17,298

25,254

29,268

CREDITORS

Amounts falling due within one year

24,851

25,646

NET CURRENT ASSETS

403

3,622

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,358

5,066

CAPITAL AND RESERVES

Called up share capital

3

2

Reserves - profit/loss b/fwd

1,356

5,064

SHAREHOLDERS' FUNDS

1,358

5,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 31 January 2017 and were signed by:

Mr S J Brannon - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

22,134

Additions

349

At 30 April 2016

22,483

DEPRECIATION

At 1 May 2015

20,690

Charge for year

838

At 30 April 2016

21,528

NET BOOK VALUE

At 30 April 2016

955

At 30 April 2015

1,444

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary shares

£1

2