REGISTERED NUMBER: 03996287

Abbreviated Unaudited Accounts for the Year Ended 30 June 2016

for

Iron Designs Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

R Higglesden

SECRETARY:

Mrs L Higglesden

REGISTERED OFFICE:

8 Church Road

Portslade

Brighton

East Sussex

BN41 1LA

REGISTERED NUMBER:

03996287

ACCOUNTANTS:

Tasker Osman & Co

10 South Way

Newhaven

East Sussex

BN9 9LL

FIXED ASSETS

Intangible assets

2

15,000

15,000

Tangible assets

3

118,789

121,317

133,789

136,317

CURRENT ASSETS

Stocks

14,935

14,225

Debtors

821,625

807,684

Cash at bank

233,084

171,413

1,069,644

993,322

CREDITORS

Amounts falling due within one year

364,737

316,495

NET CURRENT ASSETS

704,907

676,827

TOTAL ASSETS LESS CURRENT LIABILITIES

838,696

813,144

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

838,596

813,044

SHAREHOLDERS' FUNDS

838,696

813,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 September 2016 and were signed by:

R Higglesden - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

and 30 June 2016

15,000

NET BOOK VALUE

At 30 June 2016

15,000

At 30 June 2015

15,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2015

399,513

Additions

35,319

At 30 June 2016

434,832

DEPRECIATION

At 1 July 2015

278,196

Charge for year

37,847

At 30 June 2016

316,043

NET BOOK VALUE

At 30 June 2016

118,789

At 30 June 2015

121,317

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

£

100

Ordinary

1

100

100