Registered Number 07935022

IK & CO LTD

Abbreviated Accounts

28 February 2014

IK & CO LTD Registered Number 07935022

Abbreviated Balance Sheet as at 28 February 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 2,480 -
2,480 -
Current assets
Cash at bank and in hand 10 1
10 1
Creditors: amounts falling due within one year (1,400) -
Net current assets (liabilities) (1,390) 1
Total assets less current liabilities 1,090 1
Total net assets (liabilities) 1,090 1
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,089 -
Shareholders' funds 1,090 1
  • For the year ending 28 February 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.

Approved by the Board on 31 October 2014

And signed on their behalf by:
IDRIS KHANSHAB, Director

IK & CO LTD Registered Number 07935022

Notes to the Abbreviated Accounts for the period ended 28 February 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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).

Turnover policy
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to
write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
Fixtures, fittings & equipment

2 Tangible fixed assets
£
Cost
At 1 March 2013 -
Additions 3,100
Disposals -
Revaluations -
Transfers -
At 28 February 2014 3,100
Depreciation
At 1 March 2013 -
Charge for the year 620
On disposals -
At 28 February 2014 620
Net book values
At 28 February 2014 2,480
At 28 February 2013 -

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