International Research Consultants Ltd - Accounts to registrar (filleted) - small 18.2
International Research Consultants Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| AUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 JULY 2019 |
| FOR |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED (REGISTERED NUMBER: 03168762) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 July 2019 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 July 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants and Statutory Auditors |
| Seven Stars House |
| 1 Wheler Road |
| Coventry |
| CV3 4LB |
| BANKERS: |
| 61 Temple Row |
| Birmingham |
| B2 5LT |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED (REGISTERED NUMBER: 03168762) |
| ABRIDGED BALANCE SHEET |
| 31 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED (REGISTERED NUMBER: 03168762) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 July 2019 |
| 1. | STATUTORY INFORMATION |
| International Research Consultants Limited is a |
| 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 |
| The principal accounting policies adopted in the preparation of the financial statements are set out below and have |
| remained unchanged from the previous year. |
| 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 |
| Freehold buildings | - |
| Plant, fixtures & fittings | - |
| Fixtures and fittings | - |
| 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. |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED (REGISTERED NUMBER: 03168762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 July 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 August 2018 |
| Additions |
| Disposals | ( |
) |
| At 31 July 2019 |
| DEPRECIATION |
| At 1 August 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| 5. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2019 | 2018 |
| £ | £ |
| Within one year |
| Between one and five years |
| INTERNATIONAL RESEARCH CONSULTANTS |
| LIMITED (REGISTERED NUMBER: 03168762) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 July 2019 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2019 | 2018 |
| value: | £ | £ |
| Ordinary A | £1 | 8,705 | 8,705 |
| Ordinary C | £1 | 75 | 75 |
| Ordinary D | £1 | 50 | 50 |
| 240 | Ordinary F | £1 | 240 | 240 |
| 75 | Ordinary G | £1 | 75 | 75 |
| 780 | Ordinary H | £1 | 780 | 780 |
| 75 | Ordinary I | £1 | 75 | 75 |
| 10,000 | 10,000 |
| 7. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 8. | PENSION COMMITMENTS |
| The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £ year. |
| 9. | RELATED PARTY DISCLOSURES |
| During the year the company voted dividends on Ordinary A shares totalling £672,026 (2018: £855,000). |