Company Registration No. 09655493 (England and Wales)
INSIGNIA EXPRESSIONS LIMITED
Unaudited accounts
for the year ended 30 June 2017
INSIGNIA EXPRESSIONS LIMITED
Unaudited accounts
Contents
INSIGNIA EXPRESSIONS LIMITED
Company Information
for the year ended 30 June 2017
Directors
MR V ASHIEDU
MRS OO ASHIEDU
Company Number
09655493 (England and Wales)
Registered Office
27 OLD GLOUCESTER STREET
LONDON
WC1N 3AX
ENGLAND
Accountants
Derek Dale Accountants Ltd T/A Business Dynamo
Blake House
18 Blake Street
York
North Yorkshire
YO1 8QG
INSIGNIA EXPRESSIONS LIMITED
Statement of financial position
as at
30 June 2017
Tangible assets
1,037
205
Inventories
133,524
2,460
Cash at bank and in hand
27,937
4,836
Creditors: amounts falling due within one year
(110,191)
(11,963)
Net current assets/(liabilities)
51,539
(4,667)
Net assets/(liabilities)
52,576
(4,462)
Called up share capital
100
100
Profit and loss account
52,476
(4,562)
Shareholders' funds
52,576
(4,462)
For the year ending 30 June 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 2 November 2017.
MR V ASHIEDU
Director
Company Registration No. 09655493
INSIGNIA EXPRESSIONS LIMITED
Notes to the Accounts
for the year ended 30 June 2017
INSIGNIA EXPRESSIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09655493. The registered office and principal place of business is 27 OLD GLOUCESTER STREET, LONDON, WC1N 3AX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 June 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 24 June 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
INSIGNIA EXPRESSIONS LIMITED
Notes to the Accounts
for the year ended 30 June 2017
4
Tangible fixed assets
Plant & machinery
Cost or valuation
At cost
Finished goods
133,524
2,460
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
1,400
Trade creditors
91,896
17
Taxes and social security
1,895
-
Loans from directors
16,400
10,297
8
Share capital
2017
2016
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).