REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 May 2014 |
for |
IMG Innovations Limited |
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts for the Year Ended 31 May 2014 |
for |
IMG Innovations Limited |
IMG Innovations Limited (Registered number: 06917654) |
Contents of the Abbreviated Accounts |
for the Year Ended 31 May 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
Chartered Accountants' Report | 5 |
IMG Innovations Limited |
Company Information |
for the Year Ended 31 May 2014 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
IMG Innovations Limited (Registered number: 06917654) |
Abbreviated Balance Sheet |
31 May 2014 |
31.5.14 | 31.5.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) | ( |
) |
PROVISIONS FOR LIABILITIES |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 3 |
Profit and loss account | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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 financial statements were approved by the director on |
IMG Innovations Limited (Registered number: 06917654) |
Notes to the Abbreviated Accounts |
for the Year Ended 31 May 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost conventional in accordance with |
the Financial Reporting Standard for Smaller Entities (effective April 2008). |
The accounts show a profit of £314 for the year (2013 Loss £1,147) and negative shareholders funds |
at the year end of £1,582 (2013 £1,896). The director has made loans to the company and it is his |
intention to leave these funds in the company for the foreseeable future. The director believes it is |
appropriate for the financial statements to br prepared on the going concern basis. |
Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
Tangible fixed assets |
Plant and machinery etc | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet date. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 June 2013 |
Additions |
At 31 May 2014 |
DEPRECIATION |
At 1 June 2013 |
Charge for year |
At 31 May 2014 |
NET BOOK VALUE |
At 31 May 2014 |
At 31 May 2013 |
3. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.5.14 | 31.5.13 |
value: | £ | £ |
Ordinary | £1 |
IMG Innovations Limited (Registered number: 06917654) |
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 May 2014 |
4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 May 2014 and |
31 May 2013: |
31.5.14 | 31.5.13 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Balance outstanding at end of year | ( |
) | ( |
) |
Chartered Accountants' Report to the Director |
on the Unaudited Financial Statements of |
IMG Innovations Limited |
The following reproduces the text of the report prepared for the director in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages two to four) have been prepared. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of IMG Innovations Limited for the year ended 31 May 2014 which comprise the |
Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records |
and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we |
are subject to its ethical and other professional requirements which are detailed at |
icaew.com/membershandbook. |
This report is made solely to the director of IMG Innovations Limited in accordance with our terms of |
engagement. Our work has been undertaken solely to prepare for your approval the financial statements of |
IMG Innovations Limited and state those matters that we have agreed to state to the director of IMG |
Innovations Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the |
fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company |
and its director for our work or for this report. |
It is your duty to ensure that IMG Innovations Limited has kept adequate accounting records and to prepare |
statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit |
of IMG Innovations Limited. You consider that IMG Innovations Limited is exempt from the statutory audit |
requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of IMG Innovations |
Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or |
information and explanations you have given to us and we do not, therefore, express any opinion on the |
statutory financial statements. |
26 February 2015 |