Company Registration No. 08696477 (England and Wales)
INKJET PARTNERSHIP LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
INKJET PARTNERSHIP LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
INKJET PARTNERSHIP LTD
ABBREVIATED BALANCE SHEET
AS AT
29 FEBRUARY 2016
29 February 2016
- 1 -
2016
2015
Notes
£
£
£
£
Current assets
Debtors
100
100
Cash at bank and in hand
478
484
578
584
Creditors: amounts falling due within one year
(7,003)
(7,002)
Total assets less current liabilities
(6,425)
(6,418)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
(6,525)
(6,518)
Shareholders' funds
(6,425)
(6,418)
For the financial year ended 29 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 20 October 2016
Dr A L Hudd
Director
Company Registration No. 08696477
INKJET PARTNERSHIP LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 29 FEBRUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company is reliant upon the financial support of its directors in order to meet its liabilities as they fall due. The directors have indicated that this support will continue for the foreseeable future and, as a result, have continued to adopt the going concern basis in preparing the financial statements.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable from conference attendees.
from conference attendees.
2
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
3
Ultimate parent company
The ultimate parent company is
Vidae
Limited, a company registered in England and Wales.
4
Related party relationships and transactions
Loans from directors
Transactions in relation to loans with directors during the year are outlined in the table below:
Description
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Dr A L Hudd - Director's loan account
-
5,500
-
-
-
5,500
5,500
-
-
-
5,500
The above balance is included within Other creditors in the financial statements.