INCITEMATTER LTD




Company Registration Number:
06206839 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

INCITEMATTER LTD

Company Information
for the Period Ended
31st March 2015




Director: Oliver Thornton
Company secretary: Oliver Thornton
Registered office: Unit 2 Queens Chambers
38- 40 Queen Street
Penzance
Cornwall
TR18 4BH
GB-ENG
Company Registration Number: 06206839 (England and Wales)

INCITEMATTER LTD

Abbreviated Balance sheet
As at 31st March 2015

Notes 2015
£
2014
£
Fixed assets
Intangible assets: 0 0
Tangible assets: 0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors: 4 27,119 25,287
Cash at bank and in hand: 993 10,840
Total current assets: 28,112 36,127
Creditors
Creditors: amounts falling due within one year 5 21,799 13,286
Net current assets (liabilities): 6,313 22,841
Total assets less current liabilities: 6,313 22,841
Creditors: amounts falling due after more than one year: 0 0
Provision for liabilities: 0 0
Total net assets (liabilities): 6,313 22,841

The notes form part of these financial statements

INCITEMATTER LTD

Abbreviated Balance sheet
As at 31st March 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 6 5,000 5,000
Revaluation reserve: 0 0
Profit and Loss account: 1,313 17,841
Total shareholders funds: 6,313 22,841

For the year ending 31 March 2015 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 27 November 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Oliver Thornton
Status: Director

The notes form part of these financial statements

INCITEMATTER LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    Basis of preparation The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008)

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life. Freehold buildings – 2% on cost or revalued amounts Plant and machinery – 15% on cost Fixtures and fittings – 10% on cost Motor vehicles – 25% on cost No depreciation is provided on freehold land

    Intangible fixed assets amortisation policy

    Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives, not to exceed twenty years. Impairment of intangible assets is only reviewed where circumstance indicate that the carrying value of an asset may not be fully recoverable.

    Other accounting policies

    Stocks Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. Fixed Asset Investments Fixed Asset Investments are stated in the balance sheet at cost less any provision made for impairment in value. Such investments are classified as current assets when regarded as available for sale. Deferred taxation Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Hire purchase and leasing commitments Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability. Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease. Research and Development Expenditure on research and development is written off in the year in which it is incurred.

INCITEMATTER LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 4. Debtors

    2015
    £
    2014
    £
    Trade debtors: 191 1,186
    Other debtors: 26,928 24,101
    Total: 27,119 25,287

INCITEMATTER LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 5. Creditors: amounts falling due within one year

    The bank overdraft is secured by a floating charge over the stocks and debtors of the company.

INCITEMATTER LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 5,000 1.00
    1.00
    5,000
    Preference shares: 0 0.00
    0.00
    0
    Total share capital: 5,000
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 5,000 1.00
    1.00
    5,000
    Preference shares: 0 0.00
    0.00
    0
    Total share capital: 5,000

    During the year Nil ordinary shares of £1 each were issued, allotted and fully paid for cash at par.

INCITEMATTER LTD

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 8. Related party disclosures

    Name of the ultimate controlling party during the period: Oliver Thornton


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