| IFA INVESTMENT SOLUTIONS LIMITED |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| IFA INVESTMENT SOLUTIONS LIMITED |
|
| You consider that the company is exempt from an audit for the year ended 30 November 2013. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. |
| In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. |
| We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. |
|
| Ephraman & Co |
| Chartered Certified Accountants |
|
| 4 South Walk |
| West Wickham |
| Kent |
| BR4 9JA |
|
| 18 July 2014 |
|
| IFA INVESTMENT SOLUTIONS LIMITED |
| Balance Sheet |
| as at 30 November 2013 |
|
| Notes |
|
|
2013 |
|
|
2012 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
4 |
|
|
3,059 |
|
|
7,148 |
|
| Current assets |
| Debtors |
5 |
|
40,736 |
|
|
47,736 |
| Cash at bank and in hand |
|
|
10,648 |
|
|
11,812 |
|
|
|
51,384 |
|
|
59,548 |
|
| Creditors: amounts falling due within one year |
6 |
|
(49,402) |
|
|
(58,542) |
|
| Net current assets |
|
|
|
1,982 |
|
|
1,006 |
|
| Net assets |
|
|
|
5,041 |
|
|
8,154 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
7 |
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
8 |
|
|
4,041 |
|
|
7,154 |
|
| Shareholders' funds |
|
|
|
5,041 |
|
|
8,154 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
|
| H. Beaumont |
| Director |
| Approved by the board on 18 July 2014 |
|
| IFA INVESTMENT SOLUTIONS LIMITED |
| Notes to the Accounts |
| for the year ended 30 November 2013 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Equipment, Fixtures & Fittings |
20% straight line |
|
|
| 2 |
Operating profit |
2013 |
|
2012 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
4,089 |
|
4,000 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Taxation |
2013 |
|
2012 |
| £ |
£ |
|
|
UK corporation tax |
18,500 |
|
11,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Equipment, Fixtures & Fittings |
| £ |
|
Cost |
|
At 1 December 2012 |
20,445 |
|
Disposals |
(13,000) |
|
At 30 November 2013 |
7,445 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2012 |
13,297 |
|
Charge for the year |
4,089 |
|
On disposals |
(13,000) |
|
At 30 November 2013 |
4,386 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2013 |
3,059 |
|
At 30 November 2012 |
7,148 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2013 |
|
2012 |
| £ |
£ |
|
|
Other debtors |
40,736 |
|
47,736 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2013 |
|
2012 |
| £ |
£ |
|
|
Corporation tax |
18,500 |
|
11,000 |
|
Other taxes and social security costs |
1,723 |
|
30,023 |
|
Other creditors |
29,179 |
|
17,519 |
|
|
|
|
|
|
49,402 |
|
58,542 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Share capital |
Nominal |
|
2013 |
|
2013 |
|
2012 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
- |
|
1,000 |
|
1,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Profit and loss account |
2013 |
| £ |
|
|
At 1 December 2012 |
7,154 |
|
Profit for the year |
84,887 |
|
Dividends |
(88,000) |
|
|
At 30 November 2013 |
4,041 |
|
|
|
|
|
|
|
|
| 9 |
Dividends |
2013 |
|
2012 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
88,000 |
|
49,000 |
|
|
|
|
|
|
|
|
|
