Independent Children Services (S.W) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04186044

Unaudited Financial Statements

for the Year Ended 31 May 2018

for

INDEPENDENT CHILDREN SERVICES

(SOUTH WALES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTOR:

S Awatar

SECRETARY:

REGISTERED OFFICE:

1 Cae Brynton Road

Newport

NP20 3GE

REGISTERED NUMBER:

04186044

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

BANKERS:

Barclays Bank Plc

Risca

FIXED ASSETS

Intangible assets

4

11,000

12,500

Tangible assets

5

1,815

2,565

12,815

15,065

CURRENT ASSETS

Debtors

6

8,140

7,240

Cash at bank

1,495

8,612

9,635

15,852

CREDITORS

Amounts falling due within one year

7

(38,672

)

(40,472

)

NET CURRENT LIABILITIES

(29,037

)

(24,620

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(16,222

)

(9,555

)

CAPITAL AND RESERVES

Called up share capital

20,205

20,205

Retained earnings

(36,427

)

(29,760

)

SHAREHOLDERS' FUNDS

(16,222

)

(9,555

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 31 January 2019 and were signed by:

S Awatar - Director

1.	STATUTORY INFORMATION

Independent Children Services (South Wales) Limited is a private company, limited by shares

, registered in Not specified/Other. The company's registered number and registered

office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment

losses.

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

-

15% on cost

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over

the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2017

and 31 May 2018

32,000

AMORTISATION

At 1 June 2017

19,500

Charge for year

1,500

At 31 May 2018

21,000

NET BOOK VALUE

At 31 May 2018

11,000

At 31 May 2017

12,500

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2017

and 31 May 2018

5,496

DEPRECIATION

At 1 June 2017

2,931

Charge for year

750

At 31 May 2018

3,681

NET BOOK VALUE

At 31 May 2018

1,815

At 31 May 2017

2,565

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

8,140

7,240

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

-

5,296

VAT

-

4,475

Directors' current accounts

37,472

29,701

Accrued expenses

1,200

1,000

38,672

40,472

The following reproduces the text of the report prepared for the director in respect of the

company's annual unaudited financial statements. In accordance with the Companies Act

2006, the company is only required to file a Balance Sheet. Readers are cautioned that the

Income Statement and certain other primary statements and the Report of the Director are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for

your approval the financial statements of Independent Children Services (South Wales) Limited for

the year ended 31 May 2018 which comprise the Income Statement, Balance Sheet and the

related notes 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Independent Children Services (South Wales) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Independent Children Services (South Wales) Limited and state those matters that we have agreed to state to the director of Independent Children Services (South Wales) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Independent Children Services (South Wales) Limited and its director for our work or for this report.

It is your duty to ensure that Independent Children Services (South Wales) 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 loss of Independent Children Services (South Wales) Limited. You consider that Independent Children Services (South Wales) 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 Independent Children Services (South Wales) 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.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

31 January 2019