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REGISTERED NUMBER:
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IV10 LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 4 OCTOBER 2016 TO 31 MARCH 2018 |
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REGISTERED NUMBER:
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IV10 LTD |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 4 OCTOBER 2016 TO 31 MARCH 2018 |
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IV10 LTD (REGISTERED NUMBER: SC546851) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 4 October 2016 to 31 March 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 | to | 3 |
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Notes to the Financial Statements | 4 | to | 6 |
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IV10 LTD |
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COMPANY INFORMATION |
for the period 4 October 2016 to 31 March 2018 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
Redwood |
19 Culduthel Road |
Inverness |
IV2 4AA |
IV10 LTD (REGISTERED NUMBER: SC546851) |
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BALANCE SHEET |
31 March 2018 |
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Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
(b) |
preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
IV10 LTD (REGISTERED NUMBER: SC546851) |
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BALANCE SHEET - continued |
31 March 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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IV10 LTD (REGISTERED NUMBER: SC546851) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the period 4 October 2016 to 31 March 2018 |
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1. | STATUTORY INFORMATION |
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IV10 Ltd is a
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number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The directors consider that there are no material uncertainties about the company's ability to continue |
as a going concern. Although the company has net liabilities amounting to £43,842, the directors have |
agreed to subordinate their loans in favour of the other creditors. |
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The financial statements are prepared in sterling, which is the functional currency of the entity. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured |
at cost less any accumulated amortisation and any accumulated impairment losses. |
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Tangible fixed assets |
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Freehold property | - |
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Fittings and equipment | - |
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Computer equipment | - |
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Fixed assets are stated at cost, being purchase price, less accumulated depreciation. |
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Taxation |
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) |
for the current or past reporting periods. It is measured at the amount expected to be paid or |
recovered using the tax rates and laws that have been enacted or substantively enacted by the |
balance sheet date. |
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Deferred tax represents the future tax consequences of transactions and events recognised in the |
financial statements of current and previous periods. It is recognised in respect of all timing |
differences, with certain exceptions. Timing differences are differences between taxable profits and |
total comprehensive income as stated in the financial statements that arise from the inclusion of |
income and expenses in tax assessments in periods different from those in which they are recognised |
in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised only to |
the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or |
other future taxable profits. |
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Deferred tax is measured using the tax rates and laws that have been enacted or substantively |
enacted by the balance sheet date that are expected to apply to the reversal of timing differences. |
Deferred tax on revalued, non-depreciable tangible fixed assets and investment properties is |
measured using the rates and allowances that apply to the sale of the assets. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
IV10 LTD (REGISTERED NUMBER: SC546851) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 4 October 2016 to 31 March 2018 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
Additions |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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5. | TANGIBLE FIXED ASSETS |
Fittings |
Freehold | and | Computer |
property | equipment | equipment | Totals |
£ | £ | £ | £ |
COST |
Additions |
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At 31 March 2018 |
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DEPRECIATION |
Charge for period |
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At 31 March 2018 |
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NET BOOK VALUE |
At 31 March 2018 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
£ |
Other creditors |
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IV10 LTD (REGISTERED NUMBER: SC546851) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 4 October 2016 to 31 March 2018 |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
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Ordinary | 1 | 3 |
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10. | COMPARATIVE FIGURES |
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As this is the first period of operation, there are no comparative figures. |