Interactive Management Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03686185

Unaudited Financial Statements for the Year Ended 31 March 2019

for

Interactive Management Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms C Warwick

SECRETARY:

Ms T D Binder

REGISTERED OFFICE:

Unit 4B Warren Hill

Hulfords Lane

Hartley Wintney

Hook

Hampshire

RG27 8AG

REGISTERED NUMBER:

03686185

ACCOUNTANTS:

Willan & Willan

The Old Post Office

High Street

Hartley Wintney

Hook

Hampshire

RG27 8NZ

FIXED ASSETS

Tangible assets

4

-

791

CURRENT ASSETS

Debtors

5

249,381

185,908

Prepayments and accrued income

517,115

465,099

Cash at bank

757,075

439,129

1,523,571

1,090,136

CREDITORS

Amounts falling due within one year

6

1,478,269

1,024,891

NET CURRENT ASSETS

45,302

65,245

TOTAL ASSETS LESS CURRENT LIABILITIES

45,302

66,036

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

45,202

65,936

SHAREHOLDERS' FUNDS

45,302

66,036

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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 applicable to companies subject to the small companies regime.

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 12 December 2019 and were signed by:

Ms C Warwick - Director

1.	STATUTORY INFORMATION

Interactive Management Solutions Limited is a private company, limited by shares , registered in Not

specified/Other. 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 each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

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 NIL (2018 - 48 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2018

and 31 March 2019

32,017

16,967

48,984

DEPRECIATION

At 1 April 2018

31,397

16,796

48,193

Charge for year

620

171

791

At 31 March 2019

32,017

16,967

48,984

NET BOOK VALUE

At 31 March 2019

-

-

-

At 31 March 2018

620

171

791

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

249,381

185,908

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

1,143,656

734,479

Taxation and social security

331,913

287,712

Other creditors

2,700

2,700

1,478,269

1,024,891