INTEGRATED_SKILLS_(UK)_LI - Accounts

INTEGRATED SKILLS LIMITED - Company Information

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Company Registration No. 02849999 (England and Wales)

INTEGRATED SKILLS (UK) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

INTEGRATED SKILLS (UK) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 4

INTEGRATED SKILLS (UK) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

42,694

9,853

Investments

42,696

9,855

Current assets

Debtors

625,707

446,623

Cash at bank and in hand

32,751

62,245

658,458

508,868

Creditors: amounts falling due within one year

(514,240)

(364,141)

Net current assets

144,218

144,727

Total assets less current liabilities

186,914

154,582

Capital and reserves

Called up share capital

10,000

Profit and loss account

176,914

144,582

Shareholders' funds

186,914

154,582

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

Approved by the Board for issue on 25 April 2016

Mr M Betts

Mr N Crick

Director

Company Registration No. 02849999

INTEGRATED SKILLS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Turnover

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

1.3

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

33% Reducing balance method

Fixtures, fittings & equipment

33% Reducing balance method

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

1.7

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

INTEGRATED SKILLS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Investments

Total

Cost

At 1 January 2015

60,760

60,762

Additions

56,439

At 31 December 2015

117,199

117,201

Depreciation

At 1 January 2015

50,907

Charge for the year

23,598

At 31 December 2015

74,505

Net book value

At 31 December 2015

42,694

42,696

At 31 December 2014

9,853

9,855

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Integrated Skills (Guernsey) Limited

Guernsey

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Integrated Skills (Guernsey) Limited

Environmental advisory and management services

272,397

192,044

Share capital

2015

2014

Allotted, called up and fully paid

10,000 Ordinary Shares of £1 each

10,000

INTEGRATED SKILLS (UK) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Ultimate parent company

The parent company is Integrated Skills Holdings Limited, a company registered in England and Wales.

There is no one ultimate controlling party.