Investors in Excellence Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06253828 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

FOR

INVESTORS IN EXCELLENCE LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

I K Nield

A D Jones OBE

SECRETARY:

I K Nield

REGISTERED OFFICE:

Empress House

43a Binley Road

Coventry

West Midlands

CV3 1HU

REGISTERED NUMBER:

06253828 (England and Wales)

ACCOUNTANTS:

Walker Thompson Ltd

Accountants & Registered Auditors

Empress House

43A Binley Road

Coventry

CV3 1HU

FIXED ASSETS

Tangible assets

2

1,535

1,307

CURRENT ASSETS

Debtors

90,822

58,545

Cash at bank

422,597

589,228

513,419

647,773

CREDITORS

Amounts falling due within one year

260,267

438,104

NET CURRENT ASSETS

253,152

209,669

TOTAL ASSETS LESS CURRENT LIABILITIES

254,687

210,976

PROVISIONS FOR LIABILITIES

307

261

NET ASSETS

254,380

210,715

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

254,280

210,615

SHAREHOLDERS' FUNDS

254,380

210,715

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 10 July 2015 and were signed on its behalf by:

I K Nield - Director

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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised in the

accounting period in which the service is carried out.

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.

Grant income

Where the company receives grant assistance as income, it will determine whether such income is to be treated

as revenue or as a credit against profit and loss expenses or a contribution against asset costs. The company

will account for any grant income on a matching basis against the appropriate cost in the appropriate period

irrespective of the date of receipt.

Work in progress

The company will account for any work in progress un-invoiced at an accounting date by evaluating the cost of

services provided to a client including the cost of any expenses incurred on behalf of that client and an

appropriate proportion of fixed and variable overheads applicable to the work.

Research and development

If the company becomes engaged in Research & Development programmes, expenditure made will be written

off within the accounting period incurred.

Pension costs & post retirement benefits

The company recognises its obligations to provide access for employees to a Stakeholder Pension Scheme.

Company contributions made towards any pension scheme will be made under Stakeholder rules & will be

accounted for in the accounting period in which premiums are paid. All pension fund accounts are held

separately from company assets and liabilities and the company has no liability actual or contingent to provide

any post retirement staff benefits in addition to this.

Taxation

Corporation Tax will be calculated for each accounting period based upon the results of the company for such

period and will be provided as an accrual within the relevant balance sheet as a liability.

Deferred taxation will be recognised in respect of all timing differences that have originated but not reversed in

any accounting period

Tangible fixed assets

The company will capitalise any expenditure incurred in acquiring additional assets or improving existing assets

where the aggregate total of such expenditure exceeds the sum of £1000. Assets disposed of in an accounting

period will be accounted for by deduction from asset cost & any depreciation provided to the date of disposal.

Any surplus or deficit on disposal will be disclosed in the profit & loss account.

Depreciation will be provided at the following annual rates which are considered appropriate in order to write off

each asset over its estimated useful life.

Office Equipment Straight line over 3 years

Assets capitalised under a finance lease arrangement will be written off over the lease term if less than its useful

life.

Intangible assets

The company will capitalise any expenditure incurred in acquiring additional intangible assets or improving

existing assets where the aggregate total of such expenditure exceeds the sum of £1000. Assets disposed of in

an accounting period will be accounted for by deduction from asset cost & any amortisation provided to the date

of disposal. Any surplus or deficit on disposal will be disclosed in the profit & loss account.

Amortisation will be provided at the following annual rates which are considered appropriate in order to write off

each asset over its estimated useful life.

Computer software Straight line over 3 years

Hire purchase and leasing

If the company acquires assets under hire purchase contracts or finance leases these will be capitalised in the

balance sheet. Depreciation will be provided on the assets in accordance with the Fixed Asset Policy.

Any interest element of hire purchase or lease obligations will be charged to the profit and loss account over the

relevant period(s). The capital element representing the extent of future payments will be treated as a liability.

Rental payments made under operating lease agreements will be charged against the profit and loss account on

a straight line basis over the lease term.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

8,074

Additions

1,283

At 31 March 2015

9,357

DEPRECIATION

At 1 April 2014

6,767

Charge for year

1,055

At 31 March 2015

7,822

NET BOOK VALUE

At 31 March 2015

1,535

At 31 March 2014

1,307

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

94

Ordinary

£1

94

94

5

Ordinary B

£1

5

5

1

Ordinary C

£1

1

1

100

100

4.	ULTIMATE PARENT COMPANY

IIE Holdings Ltd is regarded by the directors as being the company's ultimate parent company.