Industrial Relations & Development Consultancy Ltd - Period Ending 2015-11-30

INDUSTRIAL RELATIONS & DEVELOPMENT CONSULTANCY LTD - Company Information

Registration number: 05633939

Industrial Relations & Development Consultancy Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2015

Walker Hubble
5 Parsons Street
Dudley
West Midlands
DY1 1JJ

Industrial Relations & Development Consultancy Ltd

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Industrial Relations & Development Consultancy Ltd
for the Year Ended 30 November 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Industrial Relations & Development Consultancy Ltd for the year ended 30 November 2015 set out on pages 2 to 4 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 in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Industrial Relations & Development Consultancy Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Industrial Relations & Development Consultancy Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Industrial Relations & Development Consultancy Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Industrial Relations & Development Consultancy Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Industrial Relations & Development Consultancy Ltd. You consider that Industrial Relations & Development Consultancy 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 accounts of Industrial Relations & Development Consultancy 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 accounts.

......................................

Walker Hubble
5 Parsons Street
Dudley
West Midlands
DY1 1JJ

25 August 2016

Page 1

Industrial Relations & Development Consultancy Ltd

(Registration number: 05633939)
Abbreviated Balance Sheet as at 30 November 2015

	Note	2015 £	2014 £
Fixed assets
Tangible assets	2	347,114	253,248
Current assets
Cash at bank and in hand		37,127	10,747
Creditors: Amounts falling due within one year		(360,770)	(247,604)
Net current liabilities		(323,643)	(236,857)
Total assets less current liabilities		23,471	16,391
Provisions for liabilities		(119)	-
Accruals and deferred income		(420)	(420)
Net assets		22,932	15,971
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		22,931	15,970
Shareholders funds		22,932	15,971

For the year ending 30 November 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

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

Approved by the director on 25 August 2016

.........................................
Mr Moufaq Abdul Kadir Sourani
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Industrial Relations & Development Consultancy Ltd

Notes to the Abbreviated Accounts

Accounting policies

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and buildings	The useful economic life exceeds 50 years
Office equipment	30% staright line

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE.

Provisions

A provision is recognised when there is a legal or constructive obligation as a result of a past event and it is probable that an outflow of economic benefits will be required to settle the obligation.

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Page 3

Industrial Relations & Development Consultancy Ltd

Notes to the Abbreviated Accounts

Fixed assets

	Tangible assets £	Total £
Cost
At 1 December 2014	253,248	253,248
Additions	233,849	233,849
Disposals	(139,728)	(139,728)
At 30 November 2015	347,369	347,369
Depreciation
Charge for the year	255	255
At 30 November 2015	255	255
Net book value
At 30 November 2015	347,114	347,114
At 30 November 2014	253,248	253,248

Share capital

Allotted, called up and fully paid shares

	2015		2014
	No.	£	No.	£
Ordinary shares of £1 each	1	1	1	1

Control

The director is the controlling party by virtue of his controlling shareholding in the company.

Page 4