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Company Registration No. 08560305 (England and Wales)
IVAORG Limited Unaudited accounts for the year ended 31 December 2017
IVAORG Limited Unaudited accounts Contents
Page
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IVAORG Limited Company Information for the year ended 31 December 2017
Directors
Iain Michael David Wrenshall Elliot James Smith
Company Number
08560305 (England and Wales)
Registered Office
Ocean Business Centre Ocean Street Altrincham Cheshire WA14 5QL
Accountants
Streamline Accountancy Limited Ocean Business Centre Ocean Street Altrincham Cheshire WA14 5QL
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IVAORG Limited Statement of financial position as at 31 December 2017
2017 
2016 
Notes
£ 
£ 
Fixed assets
Tangible assets
827 
1,066 
Investments
5
1 
1 
828 
1,067 
Current assets
Debtors
6
- 
11,878 
Cash at bank and in hand
19,001 
28,157 
19,001 
40,035 
Creditors: amounts falling due within one year
7
(25,250)
(38,249)
Net current (liabilities)/assets
(6,249)
1,786 
Net (liabilities)/assets
(5,421)
2,853 
Reserves
8
Profit and loss account
(5,421)
2,853 
Members' funds
(5,421)
2,853 
For the year ending 31 December 2017 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 9 August 2018.
Iain Michael David Wrenshall Director Company Registration No. 08560305
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IVAORG Limited Notes to the Accounts for the year ended 31 December 2017
1
Statutory information
IVAORG Limited is a private company, limited by guarantee, registered in England and Wales, registration number 08560305. The registered office is Ocean Business Centre, Ocean Street, Altrincham, Cheshire, WA14 5QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Going concern
The accounts have been prepared on a going concern basis. The assumption may not be valid as at the balance sheet date the company has net liabilities of £5,421.The validity of the going concern assumption therefore depends on the continued support of the directors, suppliers and the companies bankers and other providers of finance.
Presentation currency
The accounts are presented in £ sterling.
Judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Any estimates and underlying assumptions are reviewed on an ongoing basis. Any revisions to accounting estimates are recognised in the period in which the estimate is revised.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments
Investments in shares are included at cost.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Straight Line
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IVAORG Limited Notes to the Accounts for the year ended 31 December 2017
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2017
2,755 
Additions
600 
At 31 December 2017
3,355 
Depreciation
At 1 January 2017
1,689 
Charge for the year
839 
At 31 December 2017
2,528 
Net book value
At 31 December 2017
827 
At 31 December 2016
1,066 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 January 2017
1 
Valuation at 31 December 2017
1 
The company's investments at the balance sheet date include £1 invested in 100% of the ordinary share capital of IVAORG Insolvency Limited Limited a company registered in England & Wales no. 09812540, whose registered office is at Ocean Business Centre, Ocean Street, Altrincham, Cheshire, WA14 5QL. The subsidiary was dormant throughout the period.
6
Debtors
2017 
2016 
£ 
£ 
Trade debtors
- 
11,878 
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