Inter-Continent Couriers Limited - Limited company - abbreviated - 11.6
Inter-Continent Couriers Limited - Limited company - abbreviated - 11.6
REGISTERED NUMBER: |
ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2014 |
FOR |
INTER-CONTINENT COURIERS LIMITED |
INTER-CONTINENT COURIERS LIMITED (REGISTERED NUMBER: 01975996) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH JUNE 2014 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 4 |
INTER-CONTINENT COURIERS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH JUNE 2014 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
INTER-CONTINENT COURIERS LIMITED (REGISTERED NUMBER: 01975996) |
ABBREVIATED BALANCE SHEET |
30TH JUNE 2014 |
30.6.14 | 30.6.13 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
Investments | 3 |
CURRENT ASSETS |
Debtors |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
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. |
INTER-CONTINENT COURIERS LIMITED (REGISTERED NUMBER: 01975996) |
ABBREVIATED BALANCE SHEET - continued |
30TH JUNE 2014 |
The financial statements were approved by the Board of Directors on |
INTER-CONTINENT COURIERS LIMITED (REGISTERED NUMBER: 01975996) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30TH JUNE 2014 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
Preparation of consolidated financial statements |
The financial statements contain information about Inter-Continent Couriers Limited as an individual company |
and do not contain consolidated financial information as the parent of a group. The company has taken the option |
under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
Turnover and revenue recognition |
Turnover represents net invoiced sales of goods, excluding value added tax. |
The revenue is recognised for the services as the services are performed. |
Tangible fixed assets |
Fixtures, fittings and equipment at varying rates on cost |
Improvement to Property 50% on cost |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
A deferred tax asset is regarded as recoverable and therefor recognised only when, on the basis of all available |
evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the |
future reversal of the underlying timing difference can be deducted. |
Deferred tax is measured on a nondiscounted basic, at the average tax rates that are expected to apply in the |
periods in which the timing difference are expected to reserve, based on tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
Pensions |
The company operates a defined contribution pension scheme. Contribution s payable for the year are charged in |
the profit and loss account. |
Hire purchase and leasing commitments |
Assets acquired under hire purchase agreements and finance lease are capitalised in the balance sheet and are |
depreciated in accordance with the company's normal policy. The outstanding liabilities under such agreements |
less interest not yet due are included in creditors. interest on such agreements in charged to the profit and loss |
account over the term of each agreement and represents a constant proportion of the balance of capital |
repayments outstanding. |
Rentals under operating lease are charged under profit and loss account as they fall due. |
Turnover |
INTER-CONTINENT COURIERS LIMITED (REGISTERED NUMBER: 01975996) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2014 |
1. | ACCOUNTING POLICIES - continued |
Going concern |
The accounts have been prepared on the assumption that the company is able to carry on business as a going |
concern, which the directors consider appropriate having regard to the circumstances. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1st July 2013 |
Additions |
At 30th June 2014 |
DEPRECIATION |
At 1st July 2013 |
Charge for year |
At 30th June 2014 |
NET BOOK VALUE |
At 30th June 2014 |
At 30th June 2013 |
3. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1st July 2013 |
and 30th June 2014 | 9,090 |
PROVISIONS |
At 1st July 2013 |
and 30th June 2014 | 90 |
NET BOOK VALUE |
At 30th June 2014 |
At 30th June 2013 |
INTER-CONTINENT COURIERS LIMITED (REGISTERED NUMBER: 01975996) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30TH JUNE 2014 |
3. | FIXED ASSET INVESTMENTS - continued |
The company's investments at the balance sheet date in the share capital of companies include the following: |
Country of incorporation: U.K. |
Nature of business: |
% |
Class of shares: | holding |
Ordinary | 100.00 |
£ | £ |
Aggregate capital and reserves | 60,791 | 41,291 |
Profit for the year | 19,500 | 17,542 |
4. | CREDITORS |
Creditors include an amount of £ |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.14 | 30.6.13 |
value: | £ | £ |
Ordinary | 1 |
6. | RELATED PARTY DISCLOSURES |
1. by |
2. The amount owed by the company to |
3. |
7. | ULTIMATE CONTROLLING PARTY |
Inter-Continent Couriers Limited is wholly-owned subsidiary of ICC Investments Limited, which is incorporated |
in England and Wales and is controlled by the directors. ICC Investments Limited is the ultimate parent company |
and there is no ultimate controlling party of ICC Investments Ltd. |