Inframetrics Infrared Systems Limited - Limited company accounts 18.2

REGISTERED NUMBER: 03069623 (England and Wales)

INFRAMETRICS INFRARED SYSTEMS LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

H F Christiansen

T M Duchene

SECRETARY:

C J Cooper

REGISTERED OFFICE:

2 Kings Hill Avenue

Kings Hill

West Malling

Kent

ME19 4AQ

REGISTERED NUMBER:

03069623 (England and Wales)

ACCOUNTANTS:

Hilden Park Accountants Limited

Chartered Accountants

Hilden Park House

79 Tonbridge Road

Hildenborough

Tonbridge

Kent

TN11 9BH

The directors present their report with the financial statements of the company for the year ended 31 December 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2018 to the date of this

report.

H F Christiansen

T M Duchene

Other changes in directors holding office are as follows:

T A Surran - resigned 21 May 2018

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

C J Cooper - Secretary

9 September 2019

TURNOVER

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

Tax on profit

-

PROFIT FOR THE FINANCIAL YEAR

-

FIXED ASSETS

Investments

3

4,639,529

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,639,529

CREDITORS

Amounts falling due after more than one
year

4

135,178

NET ASSETS

4,504,351

CAPITAL AND RESERVES

Called up share capital

3,729,531

Retained earnings

774,820

SHAREHOLDERS' FUNDS

4,504,351

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 9 September 2019 and were signed on its behalf
by:

H F Christiansen - Director

1.	STATUTORY INFORMATION

Inframetrics Infrared Systems 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Profit and loss account and cash flow statement

The company has not traded during the current year or in the previous financial year and accordingly has not

presented a profit and loss account or cash flow statement.

Investments

Fixed asset investments are stated at cost, but provision is made if it is considered that there has been any

impairment in value.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2018

and 31 December 2018

4,639,529

NET BOOK VALUE

At 31 December 2018

4,639,529

At 31 December 2017

4,639,529

4.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31/12/18

31/12/17

£

Amounts owed to group undertakings

135,178

Amounts owed to the group company are unsecured, interest free and have no fixed repayment date. The group

company has undertaken not to seek repayment for at least twelve months from the balance sheet date.

5.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.