ACCOUNTS - Final Accounts

ACCOUNTS - Final Accounts

IPRO INTERACTIVE LIMITED - Company Information

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Caseware UK (AP4) 2016.0.181 2016.0.181 2017-12-312017-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrueNo description of principal activityfalse2017-01-01 06023697 2017-01-01 2017-12-31 06023697 2016-01-01 2016-12-31 06023697 2017-12-31 06023697 2016-12-31 06023697 c:Director1 2017-01-01 2017-12-31 06023697 d:CurrentFinancialInstruments 2017-12-31 06023697 d:Non-currentFinancialInstruments 2017-12-31 06023697 d:Non-currentFinancialInstruments 2016-12-31 06023697 d:CurrentFinancialInstruments d:WithinOneYear 2017-12-31 06023697 d:Non-currentFinancialInstruments d:AfterOneYear 2017-12-31 06023697 d:Non-currentFinancialInstruments d:AfterOneYear 2016-12-31 06023697 d:ShareCapital 2017-12-31 06023697 d:ShareCapital 2016-12-31 06023697 d:RetainedEarningsAccumulatedLosses 2017-12-31 06023697 d:RetainedEarningsAccumulatedLosses 2016-12-31 06023697 c:EntityNoLongerTradingButTradedInPast 2017-01-01 2017-12-31 06023697 c:FRS102 2017-01-01 2017-12-31 06023697 c:AuditExempt-NoAccountantsReport 2017-01-01 2017-12-31 06023697 c:FullAccounts 2017-01-01 2017-12-31 06023697 c:PrivateLimitedCompanyLtd 2017-01-01 2017-12-31 iso4217:GBP xbrli:pure

Registered number: 06023697









IPRO INTERACTIVE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017
 
IPRO INTERACTIVE LIMITED
REGISTERED NUMBER: 06023697

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2017

2017
2016
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
880
4,904

  
880
4,904

Creditors: amounts falling due within one year
 5 
(1,750)
-

Net current (liabilities)/assets
  
 
 
(870)
 
 
4,904

Total assets less current liabilities
  
(870)
4,904

Creditors: amounts falling due after more than one year
 6 
(668,905)
(671,430)

  

Net liabilities
  
(669,775)
(666,526)


Capital and reserves
  

Called up share capital 
  
1,900
1,900

Profit and loss account
  
(671,675)
(668,426)

  
(669,775)
(666,526)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 September 2018.



J Walmsley
Director

Page 1
 
IPRO INTERACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

1.


General information

IPRO Interactive Limited is a private company limited by shares and registered in England and Wales. The address of its registered office and principal place of business is Amadeus House, 27b Floral Street, London, WC2E 9DP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

Following the disposal of the trade and assets of the company, the directors intend to carry out an orderly wind down of the company's activities and enter into a voluntary liquidation.  Accordingly the directors have prepared the financial statements on the basis that the company is no longer a going concern.  The directors have reviewed the company's assets and consider the value of all assets disclosed in the financial statements to be at the lower of cost and net realisable value.  The financial statements do not include any provision for costs relating to the potential liquidation as no firm decision had been made at 31 December 2017.

 
2.3

Revenue

Revenue comprises sale of saliva analytical test kits and is recognised in the period of despatch.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and other loans.

 
2.6

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 4).

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IPRO INTERACTIVE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2017

4.


Cash and cash equivalents

2017
2016
£
£

Cash at bank and in hand
880
4,904

880
4,904



5.


Creditors: Amounts falling due within one year

2017
2016
£
£

Accruals and deferred income
1,750
-

1,750
-



6.


Creditors: Amounts falling due after more than one year

2017
2016
£
£

Other loans
668,905
671,430

668,905
671,430


 
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