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REGISTERED NUMBER: 01732102 (England and Wales)













Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

I.B.S. Trading Limited

I.B.S. Trading Limited (Registered number: 01732102)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

I.B.S. Trading Limited

Company Information
for the Year Ended 31 July 2016







DIRECTORS: I B Smart
Mrs B Smart





SECRETARY: I B Smart





REGISTERED OFFICE: The Old Malt House
Bow Street
LANGPORT
Somerset
TA10 9PS





REGISTERED NUMBER: 01732102 (England and Wales)





ACCOUNTANTS: A C Mole & Sons
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

I.B.S. Trading Limited (Registered number: 01732102)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 23,410 24,363

CURRENT ASSETS
Debtors 139,137 125,532
Cash at bank and in hand 585 3,888
139,722 129,420
CREDITORS
Amounts falling due within one year 3 184,415 153,691
NET CURRENT LIABILITIES (44,693 ) (24,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(21,283

)

92

CAPITAL AND RESERVES
Called up share capital 4 2 2
Profit and loss account (21,285 ) 90
SHAREHOLDERS' FUNDS (21,283 ) 92

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 28 April 2017 and were signed on its behalf by:





Mrs B Smart - Director


I.B.S. Trading Limited (Registered number: 01732102)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and are in accordance with
applicable accounting standards.

The accounts have been prepared on a going concern basis. The balance sheet shows that the company has net
current liabilities. The directors have undertaken that they will continue to support the company and will introduce
further funds when required. The directors therefore consider that it is appropriate to prepare the accounts on a
going concern basis.

Turnover
Turnover represents the sale of products to third parties at invoiced value 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.

Freehold property - Straight line over 50 years
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on reducing balance

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Foreign currency translation
Transactions in foreign currency are translated into sterling at the average rate received on sterling remitted.
Although this policy is not in accordance with the Financial Reporting Standards for Smaller Entities, there is no
material difference between the financial statements prepared on this basis and financial statements prepared in
accordance with the Financial Reporting Standards for Smaller Entities. All exchange differences arising on
translation are taken to the profit and loss account.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 90,953
Additions 616
At 31 July 2016 91,569
DEPRECIATION
At 1 August 2015 66,590
Charge for year 1,569
At 31 July 2016 68,159
NET BOOK VALUE
At 31 July 2016 23,410
At 31 July 2015 24,363

3. CREDITORS

Creditors include an amount of £ 119,064 (2015 - £ 95,293 ) for which security has been given.

I.B.S. Trading Limited (Registered number: 01732102)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 July 2016

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2 Ordinary £1 2 2

5. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2016 and 31 July 2015:

2016 2015
£    £   
I B Smart and Mrs B Smart
Balance outstanding at start of year 17,739 24,641
Amounts advanced 4,646 2,553
Amounts repaid (3,193 ) (9,455 )
Balance outstanding at end of year 19,192 17,739

Interest has been charged at a rate of 3% on the overdrawn loan account.

6. CONTROLLING INTEREST

The company is controlled by the directors.