Company Registration No. 06585460 (England and Wales)
IN TRADE CURRENCY EXCHANGE LTD
Unaudited abbreviated financial statements
For the year ended 31 December 2015
IN TRADE CURRENCY EXCHANGE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
IN TRADE CURRENCY EXCHANGE LTD
ABBREVIATED BALANCE SHEET
As at 31 December 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Cash at bank and in hand
6,416
3,025
Creditors: amounts falling due within one year
(9,997)
(9,000)
Total assets less current liabilities
(3,581)
(5,975)
Capital and reserves
Called up share capital
2
100
100
Profit and loss account
(3,681)
(6,075)
Shareholders' funds
(3,581)
(5,975)
For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 19 September 2016
Mr Gareth Bowles
Director
Company Registration No. 06585460
IN TRADE CURRENCY EXCHANGE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
For the year ended 31 December 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The financial statements have been prepared on a going concern basis as the directors/shareholders will continue to support the company for the foreseeable future.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for services provided net of VAT and trade discounts.provided net of VAT and trade discounts.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
3
Related party relationships and transactions
At the balance sheet date, the amount owed to the directors by the company was £8,377 (2014 - £7,080).