Interscribe Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03433989 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2020

for

Interscribe Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

P Gale

SECRETARY:

D Tulloch

REGISTERED OFFICE:

Hill Top

Keld

Swaledale

North Yorkshire

DL11 6LP

REGISTERED NUMBER:

03433989 (England and Wales)

CURRENT ASSETS

Debtors

5

1,750

1,644

Cash at bank

23,756

8,383

25,506

10,027

CREDITORS

Amounts falling due within one year

6

(25,278

)

(5,010

)

NET CURRENT ASSETS

228

5,017

TOTAL ASSETS LESS CURRENT LIABILITIES

228

5,017

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

227

5,016

SHAREHOLDERS' FUNDS

228

5,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue on 1 January 2021 and were signed by:

P Gale - Director

1.	STATUTORY INFORMATION

Interscribe Ltd 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 represents net invoiced sale of services, excluding value added tax. Sales are recognised on the

completion of work.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 October 2019

and 30 September 2020

1,877

DEPRECIATION

At 1 October 2019

and 30 September 2020

1,877

NET BOOK VALUE

At 30 September 2020

-

At 30 September 2019

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

320

-

Other debtors

1,430

1,644

1,750

1,644

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

15,000

-

Taxation and social security

3,022

4,212

Other creditors

7,256

798

25,278

5,010

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2020

and 30 September 2019:

2020

2019

£

£

P Gale

Balance outstanding at start of year

1,644

(1,452

)

Amounts advanced

17,176

20,504

Amounts repaid

(17,893

)

(17,408

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

927

1,644

Interest is charged on overdrawn directors loan account balances at 2.50% per annum.

8.	RELATED PARTY DISCLOSURES

Controlling Party

The company is under the control of Pat Gale, who owns 100% of the share capital.