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REGISTERED NUMBER: 01916098 (England and Wales)















INVESTMENT DISCOUNTS LIMITED

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016






INVESTMENT DISCOUNTS LIMITED (REGISTERED NUMBER: 01916098)

Contents of the Abbreviated Accounts
for the year ended 30 September 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

INVESTMENT DISCOUNTS LIMITED

Company Information
for the year ended 30 September 2016







DIRECTORS: Mr E J Hudson
Mrs B L Selby



SECRETARY: Mrs B L Selby



REGISTERED OFFICE: Royal Oak Chambers
22 Village Road
Bebington
Wirral
Cheshire
CH63 8PT



REGISTERED NUMBER: 01916098 (England and Wales)



ACCOUNTANTS: Apple Accountants
Chartered Accountants
Royal Oak Chambers
22 Village Road
Bebington, Wirral
Cheshire
CH63 8PT



BANKERS: HSBC Bank plc
58 Bromborough Road
Bromborough
Wirral
Cheshire
CH62 7ET

INVESTMENT DISCOUNTS LIMITED (REGISTERED NUMBER: 01916098)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 258,381 261,346

CURRENT ASSETS
Stocks 750 750
Debtors 2,578 220,727
Cash at bank and in hand 209,094 56,644
212,422 278,121
CREDITORS
Amounts falling due within one year 196,333 266,068
NET CURRENT ASSETS 16,089 12,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,470

273,399

CREDITORS
Amounts falling due after more than one year - 4,000
NET ASSETS 274,470 269,399

CAPITAL AND RESERVES
Called up share capital 3 21,000 21,000
Profit and loss account 253,470 248,399
SHAREHOLDERS' FUNDS 274,470 269,399

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

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

The directors acknowledge their 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.

INVESTMENT DISCOUNTS LIMITED (REGISTERED NUMBER: 01916098)

Abbreviated Balance Sheet - continued
30 September 2016


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 Board of Directors on 9 November 2016 and were signed on its behalf by:





Mrs B L Selby - Director


INVESTMENT DISCOUNTS LIMITED (REGISTERED NUMBER: 01916098)

Notes to the Abbreviated Accounts
for the year ended 30 September 2016


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.

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 etc - 25% on reducing balance and 15% 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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 404,488
Additions 1,733
At 30 September 2016 406,221
DEPRECIATION
At 1 October 2015 143,142
Charge for year 4,698
At 30 September 2016 147,840
NET BOOK VALUE
At 30 September 2016 258,381
At 30 September 2015 261,346

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1,000 Ordinary £1 1,000 1,000
20,000 8% Redeemable Preference share £1 20,000 20,000
21,000 21,000