INCMATTERS LIMITED - Accounts

INCMATTERS LIMITED - Company Information

Registered number

05216180

INCMATTERS LIMITED

Report and Accounts

31 December 2013

INCMATTERS LIMITED
Report and accounts
Contents




Page

Company information	1
Directors' report	2
Profit and loss account	3
Balance sheet	4
Notes to the accounts	5 - 6

INCMATTERS LIMITED

Company Information

Directors

Benjamin Bateson

Secretary

Mayside Secretaries Limited

Accountants

19 - 21 Circular Road

Douglas

Isle of Man

IM1 1AF

Registered office

2 Martin House

179 - 181 North End Road

London

W14 9NL

Registered number

05216180

INCMATTERS LIMITED
Registered number:		05216180
Directors' Report

The directors present their report and accounts for the year ended 31 December 2013.

Principal activities
The company's principal activity during the year continued to be that of an administrative agent in the field of providing consultancy services

Directors
The following persons served as directors during the year:

	Andrew Gilfillan (Resigned 01/08/2014)
	Benjamin Bateson (Appointed 01/08/2014)

Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

This report was approved by the board on 14 August 2014 and signed on its behalf.





Benjamin Bateson
Director

INCMATTERS LIMITED
Profit and Loss Account
for the year ended 31 December 2013


Notes		2013		2012
£			£

Turnover		20,024		32,399

Administrative expenses		(4,404)		(4,992)

Operating profit	2	15,620		27,407

Other Interest receivable and similar income	3	264		-
Interest payable and similar charges	4	-		(4,293)

Profit on ordinary activities before taxation		15,884		23,114

Tax on profit on ordinary activities	5	(3,693)		(5,637)

Profit for the financial year		12,191		17,477

INCMATTERS LIMITED
Balance Sheet
as at 31 December 2013

Notes			2013			2012
£				£
Current assets
Debtors	6	-			9,569
Cash at bank and in hand		17,235			14,944
		17,235			24,513

Creditors: amounts falling due within one year	7	(4,894)			(6,863)

Net current assets			12,341			17,650

Net assets			12,341			17,650

Capital and reserves
Called up share capital	8		100			100
Profit and loss account	9		12,241			17,550

Shareholders' funds			12,341			17,650

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.




Benjamin Bateson
Director
Approved by the board on 14 August 2014

INCMATTERS LIMITED
Notes to the Accounts
for the year ended 31 December 2013

1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

	The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

	Turnover
	Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Foreign currencies
	Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into Pounds sterling at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.


2	Operating profit					2013		2012
£							£
	This is stated after charging:
	Accountancy fees					1,292		1,385

3	Other Interest receivable and similar income					2013		2012
£							£

	Gain on foreign exchange					264		-


4	Interest payable and similar charges					2013		2012
£							£

	Loss on foreign exchange					-		4,293


5	Taxation					2013		2012
£							£

	UK corporation tax					3,693		5,637


6	Debtors					2013		2012
£							£

	Trade debtors					-		6,836
	Other debtors					-		2,733
						-		9,569


7	Creditors: amounts falling due within one year					2013		2012
£							£

	Corporation tax					3,693		5,663
	Other creditors					1,201		1,200
						4,894		6,863


8	Share capital	Nominal		2013		2013		2012
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100


9	Profit and loss account					2013
£

	At 1 January 2013					17,550
	Profit for the year					12,191
	Dividends					(17,500)

	At 31 December 2013					12,241


10	Dividends					2013		2012
£							£

	Dividends for which the company became liable during the year:
	Dividends paid					17,500		4,200



11	Control

	The immediate parent company is Stanmoore Investments Limited, a company registered in the United Kingdom (2012 - Stanmoore Investments Limited).


12	Ultimate controlling party and related party transactions

	The Directors are aware of the identity of the ultimate controlling party. However they are under a duty of confidentiality that prevents them from disclosing certain information required by Financial Reporting Standard No. 8. Therefore they have taken exemption offered by the Standard in respect of confidentiality.