Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
I K Electronics Ltd
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
I K Electronics Ltd
for the Year Ended 30 September 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of I K Electronics Ltd for the year ended 30 September 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of I K Electronics Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of I K Electronics Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than I K Electronics Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that I K Electronics Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of I K Electronics Ltd. You consider that I K Electronics Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of I K Electronics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Moncur Reece Ltd
Chartered Certified Accountants
242 Marton Road
Middlesbrough
Cleveland
TS4 2EZ
30 June 2016
I K Electronics Ltd
(Registration number: 04916198)
Abbreviated Balance Sheet at 30 September 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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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 liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the director on
.........................................
Mr Amjad Mannaf
Director
2
I K Electronics Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued
Accounting policies |
Basis of preparation
The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.
Going concern
The financial statements have been prepared on a going concern basis.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixture, fittings and equpment |
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Investment properties
Financial instruments
I K Electronics Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 September 2015
......... continued
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 October 2014 |
250,266 |
250,266 |
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At 30 September 2015 |
250,266 |
250,266 |
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Depreciation |
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At 1 October 2014 |
3,506 |
3,506 |
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Charge for the year |
261 |
261 |
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At 30 September 2015 |
3,767 |
3,767 |
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Net book value |
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At 30 September 2015 |
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At 30 September 2014 |
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Creditors |
Included in the creditors are the following amounts due after more than five years:
2015
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2014
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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