1 January 2016 false Taxfiler 2017.31.Web 08560305 business:CompanyLimitedByGuarantee 2016-01-01 2016-12-31 08560305 2015-12-31 08560305 2016-01-01 2016-12-31 08560305 business:AuditExemptWithAccountantsReport 2016-01-01 2016-12-31 08560305 business:FullAccounts 2016-01-01 2016-12-31 08560305 2016-12-31 08560305 business:Director1 2016-01-01 2016-12-31 08560305 business:Director2 2016-01-01 2016-12-31 08560305 business:RegisteredOffice 2016-01-01 2016-12-31 08560305 2015-12-31 08560305 core:WithinOneYear 2016-12-31 08560305 core:WithinOneYear 2015-12-31 08560305 core:RetainedEarningsAccumulatedLosses 2016-12-31 08560305 core:RetainedEarningsAccumulatedLosses 2015-12-31 08560305 business:SmallEntities 2016-01-01 2016-12-31 08560305 countries:EnglandWales 2016-01-01 2016-12-31 08560305 core:ComputerEquipment 2016-01-01 2016-12-31 08560305 core:ComputerEquipment 2015-12-31 08560305 core:ComputerEquipment 2016-12-31 08560305 2015-01-01 2015-12-31 iso4217:GBP xbrli:pure
Company Registration No. 08560305 (England and Wales)
IVAORG Limited Unaudited accounts for the year ended 31 December 2016
IVAORG Limited Unaudited accounts Contents
- 2 -
IVAORG Limited Company Information for the year ended 31 December 2016
Iain Michael David Wrenshall Elliot James Smith
Company Number
08560305 (England and Wales)
Registered Office
Trafford House Southmoor Industrial Estate Manchester M23 9XD
Streamline Accountancy Trafford House Southmoor Road Manchester M23 9XD
- 3 -
IVAORG Limited Statement of financial position as at 31 December 2016
Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
Creditors: amounts falling due within one year
Net current assets/(liabilities)
Net assets/(liabilities)
Profit and loss account
Members' funds
For the year ending 31 December 2016 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 26 September 2017.
Iain Michael David Wrenshall Director Company Registration No. 08560305
- 4 -
IVAORG Limited Notes to the Accounts for the year ended 31 December 2016
Statutory information
IVAORG Limited is a private company, limited by guarantee, registered in England and Wales, registration number 08560305. The registered office and principal place of business is Trafford House, Southmoor Industrial Estate, Manchester, M23 9XD.
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.
Accounting policies
These financial statements for the year ended 31 December 2016 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2016. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
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.
- 5 -