ISHQA_LIMITED - Accounts

ISHQA LIMITED - Company Information

Print Friendly Version

Company Registration No. 08758100 (England and Wales)

ISHQA LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2014

ISHQA LIMITED

COMPANY INFORMATION

Director

Miss Soraya Radford

Secretary

Miss Kelly C Noble

Company number

08758100

Registered office

Accountants

Business address

1096 Uxbridge Road

Hayes

Middlesex

UB4 8QH

ISHQA LIMITED

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 7

ISHQA LIMITED

DIRECTOR'S REPORT

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 1 -

The director presents his report and financial statements for the Period ended 30 November 2014.

Director

The following director has held office since 1 November 2013:

Miss Soraya Radford

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Miss Soraya Radford

Director

19 June 2015

ISHQA LIMITED

ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ISHQA LIMITED FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ISHQA LIMITED for the Period ended 30 November 2014 set out on pages 3 to 7 from the company’s accounting records and from information and explanations you have given us.

It is your duty to ensure that ISHQA LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ISHQA LIMITED. You consider that ISHQA LIMITED is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of ISHQA LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

19 June 2015

Accountants

ISHQA LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 3 -

ended

30 November

2014

Notes

Turnover

88,675

Cost of sales

(42,151)

Gross profit

46,524

Administrative expenses

(8,066)

Operating profit

38,458

Other interest receivable and similar income

Profit on ordinary activities before taxation

38,462

Tax on profit on ordinary activities

(7,638)

Profit for the Period

30,824

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

ISHQA LIMITED

BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 4 -

2014

Notes

Fixed assets

Intangible assets

30,000

Tangible assets

273

30,273

Current assets

Debtors

103

Cash at bank and in hand

11,208

11,311

Creditors: amounts falling due within one year

(40,760)

Net current liabilities

(29,449)

Total assets less current liabilities

824

Capital and reserves

Profit and loss account

824

Shareholders' funds

824

For the financial Period ended 30 November 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 19 June 2015

Miss Soraya Radford

Director

Company Registration No. 08758100

ISHQA LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

Fixtures, fittings & equipment

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Operating profit

2014

Operating profit is stated after charging:

Depreciation of tangible assets

Investment income

2014

Bank interest

Dividends

2014

Ordinary final paid

30,000

ISHQA LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 6 -

Intangible fixed assets

Goodwill

Cost

At 1 November 2013

Additions

30,000

At 30 November 2014

30,000

Net book value

At 30 November 2014

30,000

Tangible fixed assets

Plant and machinery etc

Cost

At 1 November 2013

Additions

364

At 30 November 2014

364

Depreciation

At 1 November 2013

Charge for the Period

At 30 November 2014

Net book value

At 30 November 2014

273

Debtors

2014

Other debtors

103

ISHQA LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 30 NOVEMBER 2014

- 7 -

Creditors: amounts falling due within one year

2014

Taxation and social security

7,638

Other creditors

33,122

40,760

Statement of movements on profit and loss account

Profit
and loss
account

Profit for the period

30,824

Dividends paid

(30,000)

Balance at 30 November 2014

824

Reconciliation of movements in Shareholders' funds

2014

Profit for the financial Period

30,824

Dividends

(30,000)

Net addition to shareholders' funds

824

Opening Shareholders' funds

Closing Shareholders' funds

824

ISHQA LIMITED

SCHEDULE OF ADMINISTRATIVE EXPENSES

FOR THE PERIOD ENDED 30 NOVEMBER 2014

ended

30 November

2014

Administrative expenses

Staff training

300

Insurance

725

Repairs and maintenance

Printing, postage and stationery

Advertising

1,931

Telephone

576

Travelling expenses

786

Legal and prof fees - allowable

1,382

Accountancy

1,000

Bank charges

571

Credit card charges

120

Sundry expenses - allowable

279

Subscriptions - allowable

216

Depreciation on plant and machinery

Depreciation on FF & E

8,066