Ingram Architecture And Design Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC415706 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018

FOR

INGRAM ARCHITECTURE AND DESIGN LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Cranston

S P Govan

REGISTERED OFFICE:

Ingram House

227 Ingram House

Glasgow

G1 1DA

REGISTERED NUMBER:

SC415706 (Scotland)

ACCOUNTANTS:

Profit Counts Ltd

13 Glasgow Road

Paisley

Renfrewshire

PA1 3QS

FIXED ASSETS

Intangible assets

4

12,700

15,240

Tangible assets

5

37,565

26,199

50,265

41,439

CURRENT ASSETS

Debtors

85,994

57,987

Cash at bank and in hand

223,946

113,464

309,940

171,451

CREDITORS

Amounts falling due within one year

117,362

96,206

NET CURRENT ASSETS

192,578

75,245

TOTAL ASSETS LESS CURRENT LIABILITIES

242,843

116,684

PROVISIONS FOR LIABILITIES

4,865

2,482

NET ASSETS

237,978

114,202

CAPITAL AND RESERVES

Called up share capital

6

2

2

Retained earnings

237,976

114,200

SHAREHOLDERS' FUNDS

237,978

114,202

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 5 March 2019 and were signed on its behalf by:

S P Govan - Director

1.	STATUTORY INFORMATION

Ingram Architecture And Design Limited is a private company, limited by shares , registered in Scotland. 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 stated net of VAT and trade discounts. Turnover from the supply of services represents the value of

services provided under contracts to the extent that there is a right to consideration and is recorded at the value of

the consideration due. Where the contract has only been partially completed at the balance sheet date turnover

represents the value of the service provided to date based on a proportion of the total contract value. Where

payments are received from customers in advance of services provided, the amounts are recorded as Deferred

Income and included as part of Creditors due within one year.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by

including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is

calculated by reference to the value of work performed to date as a proportion of the total contract value.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, 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

-

10% on cost

Fixtures and fittings

-

10% on cost

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the

extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will

be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

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 profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

and 30 June 2018

25,400

AMORTISATION

At 1 July 2017

10,160

Amortisation for year

2,540

At 30 June 2018

12,700

NET BOOK VALUE

At 30 June 2018

12,700

At 30 June 2017

15,240

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2017

32,379

Additions

16,954

At 30 June 2018

49,333

DEPRECIATION

At 1 July 2017

6,180

Charge for year

5,588

At 30 June 2018

11,768

NET BOOK VALUE

At 30 June 2018

37,565

At 30 June 2017

26,199

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors is £9,703 owed by the company to the directors (2017: £14,975).

8.	RELATED PARTY DISCLOSURES

During the year dividends of £15,000 (2017: £24,000) were paid to each of the directors.