INVESTIGATION_&_RECOVERY_ - Accounts

The director presents his report and financial statements for the year ended 31 January 2014.

The director is responsible for preparing the Director's Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Investigation & Recovery (Scotland 2007) Ltd for the year ended 31 January 2014 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants of Scotland, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.org.uk/accountspreparationguidance.

This report is made solely to the Board of Directors of Investigation & Recovery (Scotland 2007) Ltd, as a body, in accordance with the terms of our engagement letter dated 12 April 2007. Our work has been undertaken solely to prepare for your approval the financial statements of Investigation & Recovery (Scotland 2007) Ltd and state those matters that we have agreed to state to the Board of Directors of Investigation & Recovery (Scotland 2007) Ltd, as a body, in this report in accordance with the Institutute of Chartered Accountants of Scotland as detailed at http://www.icas.org.uk/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Investigation & Recovery (Scotland 2007) Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Investigation & Recovery (Scotland 2007) Ltd 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 Investigation & Recovery (Scotland 2007) Ltd. You consider that Investigation & Recovery (Scotland 2007) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Investigation & Recovery (Scotland 2007) Ltd. 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.

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).

Included in other debtors is an amount of £0 (2013 - £26,495) due to the company by Robert Wardlaw, the director. The company charged the director interest at 4% per annum on the loan which amounted to £205 for the year.

The loan has no fixed repayment terms.

Included in other creditors is an amount of £270 (2013 - £0) due by the company to Robert Wardlaw, the director.

The loan has no fixed repayment terms.

The ultimate controlling party is Robert Wardlaw, the director.

The following directors had interest free loans during the year. The movement on these loans are as follows:

During the year the company charged interest at 4% which amounted to £205.

The following directors were paid dividends during the year as outlined in the table below: