Company Registration No. 06676076 (England and Wales)
INSIRIS LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
INSIRIS LIMITED
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3 - 4
INSIRIS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF INSIRIS LIMITED FOR THE YEAR ENDED 30 NOVEMBER 2016
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Insiris Limited for the year ended 30 November 2016 set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.
This report is made solely to the Board of Directors of Insiris Limited, as a body, in accordance with the terms of our engagement letter dated 9 January 2014. Our work has been undertaken solely to prepare for your approval the financial statements of Insiris Limited and state those matters that we have agreed to state to the Board of Directors of Insiris Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Insiris Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Insiris Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Insiris Limited. You consider that Insiris Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Insiris Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Moore and Smalley LLP
Chartered Accountants
Fylde House
Skyways Commercial Campus
Amy Johnson Way
Blackpool
FY4 3RS
21 June 2017
INSIRIS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2016
30 November 2016
- 2 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
7,464
8,568
Current assets
Debtors
74,775
82,623
Cash at bank and in hand
205,859
129,778
280,634
212,401
Creditors: amounts falling due within one year
(102,779)
(54,375)
Net current assets
177,855
158,026
Total assets less current liabilities
185,319
166,594
Provisions for liabilities
(1,493)
(1,714)
183,826
164,880
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
183,726
164,780
Shareholders' funds
183,826
164,880
For the financial year ended 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 21 June 2017
Mr D McCaffery
Mr M Summers
Director
Director
Company Registration No. 06676076
INSIRIS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 3 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
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).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
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 less estimated residual value of each asset over its expected useful life, as follows:
Computer equipment
33% Straight Line
Office equipment
50% Straight Line & 33% Straight Line
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
1.6
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
INSIRIS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2016
- 4 -
2
Fixed assets
Tangible assets
£
Cost
At 1 December 2015
14,473
Additions
6,950
At 30 November 2016
21,423
Depreciation
At 1 December 2015
5,904
Charge for the year
8,055
At 30 November 2016
13,959
Net book value
At 30 November 2016
7,464
At 30 November 2015
8,568
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
39 Ordinary A of £1 each
39
39
39 Ordinary B of £1 each
39
39
10 Ordinary C of £1 each
10
10
10 Ordinary D of £1 each
10
10
1 Ordinary E of £1 each
1
1
1 Ordinary F of £1 each
1
1
100
100