Registration number:
for the
Year Ended
Introvision Limited
Contents
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5 ) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Introvision Limited
for the Year Ended 30 June 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Introvision Limited for the year ended 30 June 2016 set out on pages 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 http://www.icaew.com/en/members/regulations-standards-and-guidance/ .
This report is made solely to the Board of Directors of Introvision Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Introvision Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Introvision Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Introvision Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Introvision Limited. You consider that Introvision 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 accounts of Introvision 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 accounts.
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Martin Foster & Co. Limited
AIMS Accountants for Business
Unit 5 Shannon Court
High Street
High Street
Sandy
Bedfordshire
SG19 1AG
23 March 2017
Introvision Limited
(Registration number: 03584777)
Abbreviated Balance Sheet at 30 June 2016
Note |
2016
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2015
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Fixed assets |
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Intangible fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium account |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
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Miss Joanne Hartley
Director
The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2
Introvision Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Amortisation
Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
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Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
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Plant and machinery |
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Leasehold improvements |
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Stock
Hire purchase and leasing
Financial instruments
Introvision Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
Fixed assets |
Intangible assets
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Tangible assets
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Total
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Cost |
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At 1 July 2015 |
114,805 |
28,483 |
143,288 |
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Additions |
- |
832 |
832 |
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Disposals |
- |
(7,627) |
(7,627) |
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At 30 June 2016 |
114,805 |
21,688 |
136,493 |
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Depreciation |
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At 1 July 2015 |
90,892 |
26,758 |
117,650 |
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Charge for the year |
11,481 |
779 |
12,260 |
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Eliminated on disposals |
- |
(7,550) |
(7,550) |
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At 30 June 2016 |
102,373 |
19,987 |
122,360 |
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Net book value |
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At 30 June 2016 |
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At 30 June 2015 |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Related party transactions |
Directors' advances and credits |
2016 |
2016 |
2015 |
2015 |
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Mrs Frances Hartley |
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- |
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60,413 |
35,109 |
Mr John Hartley |
Introvision Limited
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued
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53,622 |
28,318 |
Miss Joanne Hartley |
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- |
- |
30,017 |
30,017 |
Miss Alison Hartley |
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- |
- |
30,272 |
30,272 |