IFS Computing Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01522092 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

IFS COMPUTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs M R Smith

SECRETARY:

Mrs M R Smith

REGISTERED OFFICE:

2a Chequers Court

Huntingdon

Cambridgeshire

PE29 3LJ

REGISTERED NUMBER:

01522092 (England and Wales)

ACCOUNTANTS:

HW Huntingdon Limited

2a Chequers Court

Huntingdon

Cambridgeshire

PE29 3LJ

CURRENT ASSETS

Investments

4

55,360

66,000

Cash in hand

1,580

7,550

56,940

73,550

CREDITORS

Amounts falling due within one year

5

27,894

27,894

NET CURRENT ASSETS

29,046

45,656

TOTAL ASSETS LESS CURRENT LIABILITIES

29,046

45,656

CAPITAL AND RESERVES

Called up share capital

6

2

2

Fair value reserve

27,360

38,000

Retained earnings

1,684

7,654

SHAREHOLDERS' FUNDS

29,046

45,656

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 25 August 2019 and were signed by:

Mrs M R Smith - Director

1.	STATUTORY INFORMATION

IFS Computing 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.	STATEMENT OF COMPLIANCE

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 Companies Act 2006

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

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.

4.	CURRENT ASSET INVESTMENTS

30.11.18

30.11.17

£

£

Listed investments

55,360

66,000

Market value of listed investments at 30 November 2018 - £ 55,360 (2017 - £ 66,000 ).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.18

30.11.17

£

£

Loan from Lohmacs Ltd

27,894

27,894

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.18

30.11.17

value:

£

£

2

Ordinary

£1

2

2

7.	RELATED PARTY DISCLOSURES

LOHMACS Limited

A company in which Mrs M R Smith is a director.

Dividends of £9,000 were paid in the year.

Included in other creditors is a loan from LOHMACS Limited totalling £27,984 (2017 - £27,984). The loan is

interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mrs M R Smith by virtue of her shareholding in the holding company, LOHMACS

Limited.