| I & A Solutions Limited |
| Accountants' Report |
|
|
| Accountants' report to the directors of |
| I & A Solutions Limited |
|
| You consider that the company is exempt from an audit for the year ended 31 July 2015. 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. |
|
| Carrington Corporate Services Limited |
| Accountants |
|
| Birchin Court |
| 20 Birchin Lane |
| London |
| EC3V 9DU |
|
| 7 March 2016 |
|
| I & A Solutions Limited |
| Notes to the Accounts |
| for the year ended 31 July 2015 |
|
| 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 January 2015). |
|
|
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. |
|
|
Plant and machinery |
25% reducing basis |
|
|
|
| 2 |
Operating profit |
2015 |
|
2014 |
| £ |
£ |
|
This is stated after charging: |
|
|
Depreciation of owned fixed assets |
411 |
|
549 |
|
Directors' remuneration |
8,485 |
|
7,780 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Interest payable |
2015 |
|
2014 |
| £ |
£ |
|
|
Interest payable |
- |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Taxation |
2015 |
|
2014 |
| £ |
£ |
|
|
UK corporation tax |
12,416 |
|
22,302 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 August 2014 |
5,130 |
|
At 31 July 2015 |
5,130 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2014 |
3,484 |
|
Charge for the year |
411 |
|
At 31 July 2015 |
3,895 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2015 |
1,235 |
|
At 31 July 2014 |
1,646 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Debtors |
2015 |
|
2014 |
| £ |
£ |
|
|
Trade debtors |
3,587 |
|
15,068 |
|
Other taxes and social security |
|
|
|
|
- |
|
588 |
|
Director's loan |
|
|
|
|
1,354 |
|
58 |
|
|
|
|
|
|
4,941 |
|
15,714 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2015 |
|
2014 |
| £ |
£ |
|
|
Corporation tax |
12,416 |
|
22,302 |
|
VAT creditor |
7,484 |
|
7,987 |
|
Other creditors |
1 |
|
1,294 |
|
|
|
|
|
|
19,901 |
|
31,583 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Profit and loss account |
2015 |
| £ |
|
|
At 1 August 2014 |
9,221 |
|
Profit for the year |
48,915 |
|
Dividends |
(51,000) |
|
|
At 31 July 2015 |
7,136 |
|
|
|
|
|
|
|
|
| 10 |
Dividends |
2015 |
|
2014 |
| £ |
£ |
|
|
Dividends for which the company became liable during the year: |
|
Dividends paid |
51,000 |
|
101,300 |
|
|
|
|
|
|
|
|
|
|
|
| 11 |
Ultimate controlling party |
|
|
The Directors, Deborah Lawrence and Beverley Lawrence, control the company by virtue of their combined shareholding and Directorship. |
