Registered number
06177730
Ice Warrior Expeditions Ltd
Abbreviated Accounts
31 March 2014
Ice Warrior Expeditions Ltd
Registered number: 06177730
Abbreviated Balance Sheet
as at 31 March 2014
Notes 2014 2013
£ £
Fixed assets
Intangible assets 2 8,634 10,278
Tangible assets 3 1,258 1,744
9,892 12,022
Current assets
Stocks 8,000 15,667
Debtors 10,424 12,951
Cash at bank and in hand 2,203 1,168
20,627 29,786
Creditors: amounts falling due within one year (45,839) (32,117)
Net current liabilities (25,212) (2,331)
Net (liabilities)/assets (15,320) 9,691
Capital and reserves
Called up share capital 4 5 5
Share premium 9,999 9,999
Profit and loss account (25,324) (313)
Shareholders' funds (15,320) 9,691
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
J E McNeill
Director
Approved by the board on 31 December 2014
Ice Warrior Expeditions Ltd
Notes to the Abbreviated Accounts
for the year ended 31 March 2014
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 25% straight line
Motor vehicles 25% straight line
Fixtures, fittings & equipment 33% straight line
Stocks
Stock is valued at the lower of cost and net realisable value.
2 Intangible fixed assets £
Cost
At 1 April 2013 16,444
At 31 March 2014 16,444
Amortisation
At 1 April 2013 6,166
Provided during the year 1,644
At 31 March 2014 7,810
Net book value
At 31 March 2014 8,634
At 31 March 2013 10,278
3 Tangible fixed assets £
Cost
At 1 April 2013 23,907
Additions 1,887
Disposals (23,907)
At 31 March 2014 1,887
Depreciation
At 1 April 2013 22,163
Charge for the year 2,373
On disposals (23,907)
At 31 March 2014 629
Net book value
At 31 March 2014 1,258
At 31 March 2013 1,744
4 Share capital Nominal 2014 2014 2013
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each - 5 5
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