Interaction Learning and Develop Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03134024 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

Interaction Learning and Development

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

Mr R M Emerson

Ms L K Neale

Ms K Scott

REGISTERED OFFICE:

St Nicholas House

31-34 High Street

Bristol

BS1 2AW

REGISTERED NUMBER:

03134024 (England and Wales)

ACCOUNTANTS:

Derek J Stenner Ltd

Chartered Accountant

The Mews,

Hounds Road,

Chipping Sodbury,

South Gloucestershire.

BS37 6EE

FIXED ASSETS

Tangible assets

4

1,390

3,142

CURRENT ASSETS

Debtors

5

312,406

209,678

Cash at bank and in hand

76,134

159,440

388,540

369,118

CREDITORS

Amounts falling due within one year

6

109,285

135,188

NET CURRENT ASSETS

279,255

233,930

TOTAL ASSETS LESS CURRENT LIABILITIES

280,645

237,072

CREDITORS

Amounts falling due after more than one year

7

2

2

NET ASSETS

280,643

237,070

CAPITAL AND RESERVES

Called up share capital

158

158

Capital redemption reserve

75

75

Retained earnings

280,410

236,837

SHAREHOLDERS' FUNDS

280,643

237,070

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

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

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 30 April 2019 and were signed on its behalf by:

Ms L K Neale - Director

1.	STATUTORY INFORMATION

Interaction Learning and Development Limited is a private company, limited by shares , registered in England

and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value

of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the

shorter.

Fixtures, fittings & equipment - 25% on cost

Assets are further depreciated to net realisable value where considered appropriate by the directors.

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 8 (2017 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 January 2018

and 31 December 2018

34,039

DEPRECIATION

At 1 January 2018

30,897

Charge for year

1,752

At 31 December 2018

32,649

NET BOOK VALUE

At 31 December 2018

1,390

At 31 December 2017

3,142

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

296,191

185,957

Other debtors

16,215

23,721

312,406

209,678

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

15,619

23,013

Taxation and social security

86,594

82,957

Other creditors

7,072

29,218

109,285

135,188

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

2

2

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2018

2017

£

£

Within one year

40,636

28,122

Between one and five years

1,647

6,099

42,283

34,221

9.	RELATED PARTY DISCLOSURES

During the year the company made a contribution of £86000 to Interaction Trustee Limited , being an Employee

Ownership Trust which owns 80%of the ordinary issued share capital of the company.

10.

SECURITY

There is a fixed and floating charge over the assets of the company guaranteeing a loan from Mr R M Emerson

and Mr M O Taylor to Interaction Trustee Limited which at the year end amounted to £105000.

The following reproduces the text of the report prepared for the directors 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 Directors 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 Interaction Learning and Development Limited for the year ended 31 December 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 Board of Directors of Interaction Learning and Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Interaction Learning and Development Limited and state those matters that we have agreed to state to the Board of Directors of Interaction Learning and Development Limited, as a body, 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 Interaction Learning and Development Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Interaction Learning and Development 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 profit of Interaction Learning and Development Limited. You consider that Interaction Learning and Development 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 Interaction Learning and Development 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.

Derek J Stenner Ltd

Chartered Accountant

The Mews,

Hounds Road,

Chipping Sodbury,

South Gloucestershire.

BS37 6EE

30 April 2019