Registered Number 07274048
INVEST CONNECTIONS ASIA LIMITED
Abbreviated Accounts
30 June 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Creditors: amounts falling due within one year |
( |
( |
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Net current assets (liabilities) |
( |
( |
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Total assets less current liabilities |
( |
( |
|
Creditors: amounts falling due after more than one year |
( |
( |
|
Total net assets (liabilities) |
( |
( |
|
Capital and reserves | |||
Called up share capital | 3 |
|
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Profit and loss account |
( |
( |
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Shareholders' funds |
( |
( |
Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
Turnover policy
Following the principles of revenue recognition as stated in UITF 40 and Application Note G of Financial Reporting Standard 5, income is recognised as the right to consideration is obtained through application of contractual performance.
Tangible assets depreciation policy
Rate Method
Office equipment 25% per annum reducing balance
Other accounting policies
At the balance sheet date the company’s liabilities exceeded its assets. The company has received assurance from the director that she will continue to give financial support to the company for twelve months from the date of signing these accounts.
On this basis, the director considers it appropriate to prepare on accounts on a going concern basis. However, should the financial support mentioned not be forthcoming, the going concern basis used in preparing the company’s accounts may be invalid and adjustments would have to be made to reduce the value of the assets to their realisable value and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company’s assets or liabilities that might be necessary should the basis not continue to be appropriate.
£ | |
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Cost | |
At 1 July 2014 |
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Additions |
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Disposals |
( |
Revaluations |
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Transfers |
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At 30 June 2015 |
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Depreciation | |
At 1 July 2014 |
|
Charge for the year |
|
On disposals |
( |
At 30 June 2015 |
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Net book values | |
At 30 June 2015 | 1,346 |
At 30 June 2014 | 1,708 |