In Genius Limited - Abbreviated accounts 16.1
In Genius Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 30 April 2016 |
for |
In Genius Limited |
In Genius Limited (Registered number: 02956730) |
Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
In Genius Limited |
Company Information |
for the Year Ended 30 April 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
In Genius Limited (Registered number: 02956730) |
Abbreviated Balance Sheet |
30 April 2016 |
30.4.16 | 30.4.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
Tangible assets | 3 |
Investments | 4 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET (LIABILITIES)/ASSETS | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Profit and loss account | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
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. |
In Genius Limited (Registered number: 02956730) |
Abbreviated Balance Sheet - continued |
30 April 2016 |
The financial statements were approved by the Board of Directors on behalf by: |
In Genius Limited (Registered number: 02956730) |
Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis which assumes that the |
company will continue to trade for the foreseeable future. In order to do so it relies on the continued |
support of its creditors and bankers. Should the company no longer receive such support, fixed assets |
will need to be reclassified as current assets and long term liabilities as current liabilities. Provisions |
would be required to reduce assets to their recoverable amount and to provide for any further liabilities |
that may arise. |
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 sale of services, excluding value added tax. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of |
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at |
the operating result. |
Group accounts exemption |
The company has taken advantage of the exemption available to small companies under the |
Companies Act not to prepare consolidated financial statements. Accordingly, the financial statements |
present information about the company as an individual undertaking and not about the group. |
2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
NET BOOK VALUE |
At 30 April 2016 |
At 30 April 2015 |
In Genius Limited (Registered number: 02956730) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 |
DEPRECIATION |
At 1 May 2015 |
Charge for year |
At 30 April 2016 |
NET BOOK VALUE |
At 30 April 2016 |
At 30 April 2015 |
4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 | 90 |
NET BOOK VALUE |
At 30 April 2016 |
At 30 April 2015 |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 90.00 |
£ | £ |
Aggregate capital and reserves | (36,648 | ) | (36,648 | ) |
5. | CREDITORS |
Creditors include an amount of £ |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.16 | 30.4.15 |
value: | £ | £ |
Ordinary | £1 |