In-Corporate Development Limited - Limited company - abbreviated - 11.6

In-Corporate Development Limited - Limited company - abbreviated - 11.6

IN-CORPORATE DEVELOPMENT LIMITED - Company Information

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REGISTERED NUMBER: 05404260 (England and Wales)








Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

In-Corporate Development Limited

In-Corporate Development Limited (Registered number: 05404260)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

In-Corporate Development Limited

Company Information
for the Year Ended 31 March 2014







DIRECTORS: I Atkinson
R A Tait FCCA
Janus Consulting BVBA





SECRETARY: R A Tait FCCA





REGISTERED OFFICE: 6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU





REGISTERED NUMBER: 05404260 (England and Wales)





ACCOUNTANTS: Inspire Chartered Accountants
6 Queens Court
Third Avenue
Team Valley
Gateshead
Tyne and Wear
NE11 0BU
Page 1
In-Corporate Development Limited (Registered number: 05404260)

Abbreviated Balance Sheet
31 March 2014

31.3.14 31.3.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 309 838

CURRENT ASSETS
Debtors 53,607 153,582
Cash at bank 197,080 147,001
250,687 300,583
CREDITORS
Amounts falling due within one year 120,626 194,610
NET CURRENT ASSETS 130,061 105,973
TOTAL ASSETS LESS CURRENT
LIABILITIES
130,370
106,811

CAPITAL AND RESERVES
Called up share capital 3 1 1
Profit and loss account 130,369 106,810
SHAREHOLDERS' FUNDS 130,370 106,811

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
In-Corporate Development Limited (Registered number: 05404260)

Abbreviated Balance Sheet - continued
31 March 2014


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 October 2014 and were signed on its behalf by:





R A Tait FCCA - Director


The notes form part of these abbreviated accounts

Page 3
In-Corporate Development Limited (Registered number: 05404260)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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 April 2008).

Turnover
Turnover represents the fair value of services provided under contracts with customers to the extent that there is a right
to consideration. It is measured at the fair value of the consideration due. Where a service is incomplete at the year end,
turnover represents the value of the service provided to that date based on an appropriate proportion of the total
expected consideration at completion.

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

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 2,479
DEPRECIATION
At 1 April 2013 1,641
Charge for year 529
At 31 March 2014 2,170
NET BOOK VALUE
At 31 March 2014 309
At 31 March 2013 838

Page 4 continued...
In-Corporate Development Limited (Registered number: 05404260)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.14 31.3.13
value: £    £   
1 Ordinary £1 1 1

4. ULTIMATE PARENT COMPANY

In-Corporate Holdings Limited is regarded by the directors as being the company's ultimate parent company.

Page 5