IRON ON DESIGNS LIMITED

Contents
	Page
Balance Sheet	1
Statement of Changes in Equity	3
Notes to the Financial Statements	4—5

Registered number: 07337211

		Period to 31 March 2017
	Notes	£	£
FIXED ASSETS
Tangible Assets	5		4,157

			4,157
CURRENT ASSETS
Stocks	6	2,000
Cash at bank and in hand		2,176

		4,176
Creditors: Amounts Falling Due Within One Year	7	(9,697 )

NET CURRENT ASSETS (LIABILITIES)			(5,521 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(1,364 )

NET ASSETS			(1,364 )

Profit and loss account			(1,364 )

SHAREHOLDERS' FUNDS			(1,364)

For the period ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.

On behalf of the board

Mr Ashvin VARSANI

12/09/2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

1.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings

4157

1.3. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

1.4. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.

3. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	Period to 31 March 2017
	£
Wages and salaries	6,000

	6,000

4. Average number of employees

Average number of employees, including directors, during the year was as follows:

	Period to 31 March 2017

Page 4

IRON ON DESIGNS LIMITED

Notes to the Unaudited Accounts (continued)

For the Period 1 September 2016 to 31 March 2017

5. Tangible Assets


	Fixtures & Fittings
	£
Cost
As at 1 September 2016	8,225

As at 31 March 2017	8,225

Depreciation
As at 1 September 2016	2,682
Provided during the period	1,386

As at 31 March 2017	4,068

Net Book Value
As at 31 March 2017	4,157

As at 1 September 2016	5,543

6. Stocks

	Period to 31 March 2017
	£
Stock - materials	2,000

	2,000

7. Creditors: Amounts Falling Due Within One Year

	Period to 31 March 2017
	£
Trade creditors	9,697

	9,697

8. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

9. General Information

IRON ON DESIGNS LIMITED Registered number 07337211 is a limited by shares company incorporated in England & Wales. The Registered Office is 14, Thorngrove Road, London, E13 0SJ.

	Profit & Loss Account
	£
As at 1 September 2016	6,695
Loss for the period and total comprehensive income	(8,059 )

As at 31 March 2017	(1,364 )