Registered Number 08713709
INTERIM SOLUTION POSTY LTD
Abbreviated Accounts
31 October 2015
Notes | 2015 | 2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
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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Net current assets (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Profit and loss account |
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Shareholders' funds |
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Approved by the Board on
And signed on their behalf by:
1 Accounting Policies
Basis of measurement and preparation of accounts
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
Basis of preparation:
The financial statements have been prepared in accordance with applicable accounting standards and under the historical cost accounting rules.
Cash flow statement:
The company is exempt from the requirement of Financial Reporting Standard No1 to prepare a cash flow statement as it is entitled to the filing exemptions as a small company.
Turnover policy
Turnover represents the amounts (excluding value added tax) derived from the
provision of goods and services to customers during the year.
Turnover and operating profit:
Turnover and operating profit on ordinary activities is attributable to the company's
principal activity.
Tangible assets depreciation policy
Depreciation is provided on tangible assets on the cost of the asset less estimated residual value over the expected useful life as follows:
Fixtures and fittings and equipment: 20% per annum
Valuation information and policy
Stock is stated at the lower of stock and net realisable value.
£ | |
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Cost | |
At 1 November 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 October 2015 |
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Depreciation | |
At 1 November 2014 |
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Charge for the year |
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On disposals |
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At 31 October 2015 |
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Net book values | |
At 31 October 2015 | 10,396 |
At 31 October 2014 | 5,637 |