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Interstor Contracts Ltd
For the year ended 31 March 2012
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 03772390
2
Contents Page
Interstor Contracts Ltd
For the year ended 31 March 2012
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Interstor Contracts Ltd
Accountants' Report
For the year ended 31 March 2012
As described in the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 March 2012 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you
to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.
NRM Accountancy Services Ltd
70 Wood Street
London
E17 3HT
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4
Abbreviated Balance Sheet
Interstor Contracts Ltd
As at 31 March 2012
03772390
Registered Number :
£
£
2011
2012
Notes
Fixed assets
Tangible assets
2
1,125
1,406
1,125
1,406
Current assets
Stocks
14,865
34,536
Debtors
3,509
3,509
Cash at bank and in hand
528,410
581,979
566,455
600,353
Creditors: amounts falling due within one year
(103,654)
(98,073)
496,699
468,382
Net current assets
Total assets less current liabilities
469,507
498,105
469,507
Net assets
498,105
Capital and reserves
Called up share capital
100
3
100
Profit and loss account
469,407
498,005
469,507
498,105
Shareholders funds
For the year ended 31 March 2012 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476,
2) 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Date approved by the board: 15 August 2012
Anthony Haywood Director
Signed on behalf of the board of directors
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5
Notes to the Abbreviated Financial Statements
Interstor Contracts Ltd
For the year ended 31 March 2012
1 Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Dividends
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
by the shareholders prior to the balance sheet date.
Preference dividends
Where preference shares are classed as liabilities rather than equity any preference dividends paid are included in
interest payable and similar charges within the profit and loss account.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
20% Reducing balance
Plant and Machinery
20% Reducing balance
Computer Equipment
20% Reducing balance
Motor Vehicles
20% Reducing balance
Fixtures and Fittings
20% Reducing balance
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 items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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6
Notes to the Abbreviated Financial Statements
Interstor Contracts Ltd
For the year ended 31 March 2012
2 Tangible fixed assets
Tangible fixed
assets
Cost or valuation
£
10,176
At 01 April 2011
At 31 March 2012
10,176
Depreciation
8,770
At 01 April 2011
281
Charge for year
9,051
At 31 March 2012
Net book values
At 31 March 2012
1,125
1,406
At 31 March 2011
3 Share capital
Allotted called up and fully paid
2012
2011
£
£
100 Class A shares of £1.00 each
100
100
100
100
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