I D S Leasing Limited Filleted accounts for Companies House (small and micro)
I D S Leasing Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
02755927
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Financial Statements |
Year ended 31 October 2018
Contents |
Page |
Statement of financial position |
1 |
Notes to the financial statements |
3 |
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Investments |
6 |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
8 |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
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Net assets |
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Capital and reserves
Called up share capital |
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Revaluation reserve |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
18 July 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
02755927
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Notes to the Financial Statements |
Year ended 31 October 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 22 Friars Street, Sudbury, Suffolk, C010 2AA.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Investment property
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
Provisions
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2017:
4
).
5.
Tangible assets
Freehold property |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 November 2017 and 31 October 2018 |
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Depreciation |
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At 1 November 2017 |
– |
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Charge for the year |
– |
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At 31 October 2018 |
– |
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Carrying amount |
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At 31 October 2018 |
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At 31 October 2017 |
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Following a review of the current market values of investment properties, the directors consider that no revaluation is appropriate at 31 October 2018.
6.
Investments
Other investments other than loans |
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£ |
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Cost |
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At 1 November 2017 and 31 October 2018 |
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Impairment |
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At 1 November 2017 and 31 October 2018 |
– |
------- |
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Carrying amount |
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At 31 October 2018 |
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------- |
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At 31 October 2017 |
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------- |
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7.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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8.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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– |
Corporation tax |
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Social security and other taxes |
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Other creditors |
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9.
Directors' advances, credits and guarantees
Included in other creditors is a total of £19,613 due to the directors on their loan accounts. No interest is charged on these balances.