IW Consultancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04534398 (England and Wales)

Financial Statements

for the Year Ended 31 December 2019

for

IW CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Calder

Mrs J R R Wallace

SECRETARY:

Mrs J R R Wallace

REGISTERED OFFICE:

5 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

REGISTERED NUMBER:

04534398 (England and Wales)

ACCOUNTANTS:

Connor, Spencer

Chartered Accountants

5 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

4

5,379

5,906

CURRENT ASSETS

Debtors

5

14,472

68,893

Cash at bank

64,574

77,558

79,046

146,451

CREDITORS

Amounts falling due within one year

6

18,041

61,994

NET CURRENT ASSETS

61,005

84,457

TOTAL ASSETS LESS CURRENT LIABILITIES

66,384

90,363

CAPITAL AND RESERVES

Called up share capital

11

11

Retained earnings

66,373

90,352

SHAREHOLDERS' FUNDS

66,384

90,363

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 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 Board of Directors on 21 February 2020 and were signed on its behalf by:

Mrs J R R Wallace - Director

1.	STATUTORY INFORMATION

IW Consultancy 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 each asset over its estimated useful life.

Computer equipment

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2019

13,099

Additions

3,505

Disposals

(9,880

)

At 31 December 2019

6,724

DEPRECIATION

At 1 January 2019

7,193

Charge for year

1,345

Eliminated on disposal

(7,193

)

At 31 December 2019

1,345

NET BOOK VALUE

At 31 December 2019

5,379

At 31 December 2018

5,906

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

12,089

68,893

Other debtors

2,383

-

14,472

68,893

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

252

253

Taxation and social security

12,254

19,590

Other creditors

5,535

42,151

18,041

61,994

7.	RELATED PARTY DISCLOSURES

During the year payments totalling £158,340 (2017 - £201,660) were made to a Company owned and

controlled by Aron Calder, a Director of IW Consultancy Ltd.