Imtex Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: SC324975 (Scotland)

Abbreviated Accounts for the Year Ended 30 June 2016

for

Imtex Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

I Latif

Mrs S Latif

SECRETARY:

I Latif

REGISTERED OFFICE:

211A Albert Street

Dundee

Tayside

DD4 6QA

REGISTERED NUMBER:

SC324975 (Scotland)

ACCOUNTANTS:

Arthur Garty & Co. Ltd.

161 Albert Street

Dundee

Tayside

DD4 6PX

FIXED ASSETS

Investment property

2

362,839

CREDITORS

Amounts falling due within one year

285,749

295,120

NET CURRENT LIABILITIES

(285,749

)

(295,120

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

77,090

67,719

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

77,089

67,718

SHAREHOLDERS' FUNDS

77,090

67,719

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 23 March 2017 and were signed on its behalf by:

I Latif - 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 rental income for the period.

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities the investment property is valued on an

open market value basis and therefore no depreciation or amortisation is provided in respect of the property. This

treatment is a departure from the requirements of the Companies Act concerning the depreciation of fixed assets.

However the property is held for investment and the directors consider that systematic annual depreciation would

be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true

and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 July 2015

and 30 June 2016

362,839

NET BOOK VALUE

At 30 June 2016

362,839

At 30 June 2015

362,839

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

1

Ordinary

£1

1