Independent Composites Limited

INDEPENDENT COMPOSITES LIMITED - Company Information

true 1 February 2015 31 January 2016 31 January 2016 true false 05739154 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05739154 2015-01-31 05739154 2016-01-31 05739154 2015-02-01 2016-01-31 05739154 uk-gaap:RestatedAmount 2015-01-31 05739154 uk-gaap:RestatedAmount 2016-01-31 05739154 uk-gaap:NetGoodwill 2015-01-31 05739154 uk-gaap:NetGoodwill 2016-01-31 05739154 uk-gaap:NetGoodwill 2015-02-01 2016-01-31 05739154 uk-gaap:OtherIntangibleFixedAssets 2015-02-01 2016-01-31 05739154 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-01-31 05739154 uk-gaap:IntangibleAssetsOtherThanGoodwill 2016-01-31 05739154 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-02-01 2016-01-31 05739154 uk-gaap:DevelopmentCosts 2015-01-31 05739154 uk-gaap:DevelopmentCosts 2016-01-31 05739154 uk-gaap:DevelopmentCosts 2015-02-01 2016-01-31 05739154 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-01-31 05739154 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-02-01 2016-01-31 05739154 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2016-01-31 05739154 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-02-01 2016-01-31 05739154 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-01-31 05739154 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2016-01-31 05739154 uk-gaap:PlantMachinery 2015-02-01 2016-01-31 05739154 uk-gaap:PlantMachinery 2015-01-31 05739154 uk-gaap:PlantMachinery 2016-01-31 05739154 uk-gaap:Vehicles 2015-02-01 2016-01-31 05739154 uk-gaap:Vehicles 2015-01-31 05739154 uk-gaap:Vehicles 2016-01-31 05739154 uk-gaap:FixturesFittings 2015-02-01 2016-01-31 05739154 uk-gaap:FixturesFittings 2015-01-31 05739154 uk-gaap:FixturesFittings 2016-01-31 05739154 uk-gaap:ComputerEquipment 2015-02-01 2016-01-31 05739154 uk-gaap:ComputerEquipment 2015-01-31 05739154 uk-gaap:ComputerEquipment 2016-01-31 05739154 uk-gaap:SharesListedFixedAssetInvestments 2015-01-31 05739154 uk-gaap:SharesListedFixedAssetInvestments 2015-02-01 2016-01-31 05739154 uk-gaap:SharesListedFixedAssetInvestments 2016-01-31 05739154 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-01-31 05739154 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-02-01 2016-01-31 05739154 uk-gaap:SharesUnlistedFixedAssetInvestments 2016-01-31 05739154 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-01-31 05739154 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-02-01 2016-01-31 05739154 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2016-01-31 05739154 uk-gaap:ProvisionsForBadDebts 2015-01-31 05739154 uk-gaap:ProvisionsForBadDebts 2015-02-01 2016-01-31 05739154 uk-gaap:ProvisionsForBadDebts 2016-01-31 05739154 uk-gaap:ProvisionsForDeferredTaxation 2015-01-31 05739154 uk-gaap:ProvisionsForDeferredTaxation 2015-02-01 2016-01-31 05739154 uk-gaap:ProvisionsForDeferredTaxation 2016-01-31 05739154 uk-gaap:OtherProvisions 2015-01-31 05739154 uk-gaap:OtherProvisions 2015-02-01 2016-01-31 05739154 uk-gaap:OtherProvisions 2016-01-31 05739154 uk-gaap:WithinOneYear 2015-01-31 05739154 uk-gaap:WithinOneYear 2015-02-01 2016-01-31 05739154 uk-gaap:WithinOneYear 2016-01-31 05739154 uk-gaap:AfterOneYear 2015-01-31 05739154 uk-gaap:AfterOneYear 2015-02-01 2016-01-31 05739154 uk-gaap:AfterOneYear 2016-01-31 05739154 uk-bus:AllOrdinaryShares 2016-01-31 05739154 uk-bus:AllOrdinaryShares 2015-01-31 05739154 uk-bus:OrdinaryShareClass1 2016-01-31 05739154 uk-bus:OrdinaryShareClass2 2016-01-31 05739154 uk-bus:OrdinaryShareClass3 2016-01-31 05739154 uk-bus:OrdinaryShareClass4 2016-01-31 05739154 uk-bus:OrdinaryShareClass5 2016-01-31 05739154 uk-bus:OrdinaryShareClass1 2015-02-01 2016-01-31 05739154 uk-bus:OrdinaryShareClass2 2015-02-01 2016-01-31 05739154 uk-bus:OrdinaryShareClass3 2015-02-01 2016-01-31 05739154 uk-bus:OrdinaryShareClass4 2015-02-01 2016-01-31 05739154 uk-bus:OrdinaryShareClass5 2015-02-01 2016-01-31 05739154 uk-bus:PreferenceShareClass1 2016-01-31 05739154 uk-bus:PreferenceShareClass2 2016-01-31 05739154 uk-bus:PreferenceShareClass3 2016-01-31 05739154 uk-bus:PreferenceShareClass4 2016-01-31 05739154 uk-bus:PreferenceShareClass5 2016-01-31 05739154 uk-bus:PreferenceShareClass1 2015-02-01 2016-01-31 05739154 uk-bus:PreferenceShareClass2 2015-02-01 2016-01-31 05739154 uk-bus:PreferenceShareClass3 2015-02-01 2016-01-31 05739154 uk-bus:PreferenceShareClass4 2015-02-01 2016-01-31 05739154 uk-bus:PreferenceShareClass5 2015-02-01 2016-01-31 05739154 uk-bus:CompanySecretary 2015-02-01 2016-01-31 05739154 uk-bus:RegisteredOffice 2015-02-01 2016-01-31 05739154 uk-bus:EntityAccountantsOrAuditors 2015-02-01 2016-01-31 05739154 uk-bus:EntityAccountantsOrAuditors 2016-01-31 05739154 uk-bus:MainBusiness 2015-02-01 2016-01-31 05739154 uk-bus:EntityBankers 2015-02-01 2016-01-31 05739154 uk-bus:EntityLawyersOrLegalAdvisers 2015-02-01 2016-01-31 05739154 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2015-02-01 2016-01-31 05739154 uk-bus:HighestPaidDirector 2015-02-01 2016-01-31 05739154 uk-bus:HighestPaidDirector 2016-01-31 05739154 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-02-01 2016-01-31 05739154 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-02-01 2016-01-31 05739154 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2015-02-01 2016-01-31 05739154 uk-bus:AllEntityOfficers 2015-02-01 2016-01-31 05739154 uk-gaap:InvestmentProperties 2015-01-31 05739154 uk-gaap:InvestmentProperties 2015-02-01 2016-01-31 05739154 uk-gaap:InvestmentProperties 2016-01-31 05739154 uk-gaap:IntellectualProperty 2015-02-01 2016-01-31 05739154 uk-gaap:IntellectualProperty 2015-01-31 05739154 uk-gaap:IntellectualProperty 2016-01-31 05739154 uk-countries:UnitedKingdom 2015-02-01 2016-01-31 05739154 uk-countries:Europe 2015-02-01 2016-01-31 05739154 uk-countries:NorthAmerica 2015-02-01 2016-01-31 05739154 uk-countries:SouthAmerica 2015-02-01 2016-01-31 05739154 uk-countries:Asia 2015-02-01 2016-01-31 05739154 uk-countries:RestWorldOutsideUK 2015-02-01 2016-01-31 05739154 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-02-01 2016-01-31 05739154 uk-gaap:LeasedTangibleFixedAssets 2015-02-01 2016-01-31 05739154 uk-gaap:AllSubsidiaries 2015-02-01 2016-01-31 05739154 uk-gaap:AllAssociates 2015-02-01 2016-01-31 05739154 dpl-gaap:CostSales 2015-01-31 05739154 dpl-gaap:CostSales 2016-01-31 05739154 dpl-gaap:CostSales 2015-02-01 2016-01-31 05739154 dpl-gaap:DistributionCosts 2015-02-01 2016-01-31 05739154 dpl-gaap:AdministrativeExpenses 2015-02-01 2016-01-31 05739154 uk-bus:Director1 2015-02-01 2016-01-31 05739154 uk-bus:Director1 2016-01-31 05739154 2014-01-31 05739154 2015-01-31 05739154 2014-02-01 2015-01-31 05739154 uk-gaap:RestatedAmount 2014-01-31 05739154 uk-gaap:RestatedAmount 2015-01-31 05739154 uk-gaap:NetGoodwill 2014-01-31 05739154 uk-gaap:NetGoodwill 2015-01-31 05739154 uk-gaap:NetGoodwill 2014-02-01 2015-01-31 05739154 uk-gaap:OtherIntangibleFixedAssets 2014-02-01 2015-01-31 05739154 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-01-31 05739154 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-01-31 05739154 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-02-01 2015-01-31 05739154 uk-gaap:DevelopmentCosts 2014-01-31 05739154 uk-gaap:DevelopmentCosts 2015-01-31 05739154 uk-gaap:DevelopmentCosts 2014-02-01 2015-01-31 05739154 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-01-31 05739154 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-02-01 2015-01-31 05739154 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2015-01-31 05739154 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-02-01 2015-01-31 05739154 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2014-01-31 05739154 uk-gaap:LandBuildings uk-gaap:LeasedTangibleFixedAssets 2015-01-31 05739154 uk-gaap:PlantMachinery 2014-02-01 2015-01-31 05739154 uk-gaap:PlantMachinery 2014-01-31 05739154 uk-gaap:PlantMachinery 2015-01-31 05739154 uk-gaap:Vehicles 2014-02-01 2015-01-31 05739154 uk-gaap:Vehicles 2014-01-31 05739154 uk-gaap:Vehicles 2015-01-31 05739154 uk-gaap:FixturesFittings 2014-02-01 2015-01-31 05739154 uk-gaap:FixturesFittings 2014-01-31 05739154 uk-gaap:FixturesFittings 2015-01-31 05739154 uk-gaap:ComputerEquipment 2014-02-01 2015-01-31 05739154 uk-gaap:ComputerEquipment 2014-01-31 05739154 uk-gaap:ComputerEquipment 2015-01-31 05739154 uk-gaap:SharesListedFixedAssetInvestments 2014-01-31 05739154 uk-gaap:SharesListedFixedAssetInvestments 2014-02-01 2015-01-31 05739154 uk-gaap:SharesListedFixedAssetInvestments 2015-01-31 05739154 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-01-31 05739154 uk-gaap:SharesUnlistedFixedAssetInvestments 2014-02-01 2015-01-31 05739154 uk-gaap:SharesUnlistedFixedAssetInvestments 2015-01-31 05739154 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-01-31 05739154 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2014-02-01 2015-01-31 05739154 uk-gaap:FixedAssetInvestmentsOtherThanSharesIncludingLoans 2015-01-31 05739154 uk-gaap:ProvisionsForBadDebts 2014-01-31 05739154 uk-gaap:ProvisionsForBadDebts 2014-02-01 2015-01-31 05739154 uk-gaap:ProvisionsForBadDebts 2015-01-31 05739154 uk-gaap:ProvisionsForDeferredTaxation 2014-01-31 05739154 uk-gaap:ProvisionsForDeferredTaxation 2014-02-01 2015-01-31 05739154 uk-gaap:ProvisionsForDeferredTaxation 2015-01-31 05739154 uk-gaap:OtherProvisions 2014-01-31 05739154 uk-gaap:OtherProvisions 2014-02-01 2015-01-31 05739154 uk-gaap:OtherProvisions 2015-01-31 05739154 uk-gaap:WithinOneYear 2014-01-31 05739154 uk-gaap:WithinOneYear 2014-02-01 2015-01-31 05739154 uk-gaap:WithinOneYear 2015-01-31 05739154 uk-gaap:AfterOneYear 2014-01-31 05739154 uk-gaap:AfterOneYear 2014-02-01 2015-01-31 05739154 uk-gaap:AfterOneYear 2015-01-31 05739154 uk-bus:AllOrdinaryShares 2015-01-31 05739154 uk-bus:AllOrdinaryShares 2014-01-31 05739154 uk-bus:OrdinaryShareClass1 2015-01-31 05739154 uk-bus:OrdinaryShareClass2 2015-01-31 05739154 uk-bus:OrdinaryShareClass3 2015-01-31 05739154 uk-bus:OrdinaryShareClass4 2015-01-31 05739154 uk-bus:OrdinaryShareClass5 2015-01-31 05739154 uk-bus:OrdinaryShareClass1 2014-02-01 2015-01-31 05739154 uk-bus:OrdinaryShareClass2 2014-02-01 2015-01-31 05739154 uk-bus:OrdinaryShareClass3 2014-02-01 2015-01-31 05739154 uk-bus:OrdinaryShareClass4 2014-02-01 2015-01-31 05739154 uk-bus:OrdinaryShareClass5 2014-02-01 2015-01-31 05739154 uk-bus:PreferenceShareClass1 2015-01-31 05739154 uk-bus:PreferenceShareClass2 2015-01-31 05739154 uk-bus:PreferenceShareClass3 2015-01-31 05739154 uk-bus:PreferenceShareClass4 2015-01-31 05739154 uk-bus:PreferenceShareClass5 2015-01-31 05739154 uk-bus:PreferenceShareClass1 2014-02-01 2015-01-31 05739154 uk-bus:PreferenceShareClass2 2014-02-01 2015-01-31 05739154 uk-bus:PreferenceShareClass3 2014-02-01 2015-01-31 05739154 uk-bus:PreferenceShareClass4 2014-02-01 2015-01-31 05739154 uk-bus:PreferenceShareClass5 2014-02-01 2015-01-31 05739154 uk-bus:CompanySecretary 2014-02-01 2015-01-31 05739154 uk-bus:RegisteredOffice 2014-02-01 2015-01-31 05739154 uk-bus:EntityAccountantsOrAuditors 2014-02-01 2015-01-31 05739154 uk-bus:EntityAccountantsOrAuditors 2015-01-31 05739154 uk-bus:MainBusiness 2014-02-01 2015-01-31 05739154 uk-bus:EntityBankers 2014-02-01 2015-01-31 05739154 uk-bus:EntityLawyersOrLegalAdvisers 2014-02-01 2015-01-31 05739154 uk-gaap:BeforeAnyAdjustmentsForAmortisationImpairment uk-gaap:BeforeAnyAdjustmentsForExceptionalItems 2014-02-01 2015-01-31 05739154 uk-bus:HighestPaidDirector 2014-02-01 2015-01-31 05739154 uk-bus:HighestPaidDirector 2015-01-31 05739154 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-02-01 2015-01-31 05739154 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2014-02-01 2015-01-31 05739154 uk-bus:AllOrdinaryShares uk-gaap:DividendsProposed 2014-02-01 2015-01-31 05739154 uk-bus:AllEntityOfficers 2014-02-01 2015-01-31 05739154 uk-gaap:InvestmentProperties 2014-01-31 05739154 uk-gaap:InvestmentProperties 2014-02-01 2015-01-31 05739154 uk-gaap:InvestmentProperties 2015-01-31 05739154 uk-gaap:IntellectualProperty 2014-02-01 2015-01-31 05739154 uk-gaap:IntellectualProperty 2014-01-31 05739154 uk-gaap:IntellectualProperty 2015-01-31 05739154 uk-countries:UnitedKingdom 2014-02-01 2015-01-31 05739154 uk-countries:Europe 2014-02-01 2015-01-31 05739154 uk-countries:NorthAmerica 2014-02-01 2015-01-31 05739154 uk-countries:SouthAmerica 2014-02-01 2015-01-31 05739154 uk-countries:Asia 2014-02-01 2015-01-31 05739154 uk-countries:RestWorldOutsideUK 2014-02-01 2015-01-31 05739154 uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-02-01 2015-01-31 05739154 uk-gaap:LeasedTangibleFixedAssets 2014-02-01 2015-01-31 05739154 uk-gaap:AllSubsidiaries 2014-02-01 2015-01-31 05739154 uk-gaap:AllAssociates 2014-02-01 2015-01-31 05739154 dpl-gaap:CostSales 2014-01-31 05739154 dpl-gaap:CostSales 2015-01-31 05739154 dpl-gaap:CostSales 2014-02-01 2015-01-31 05739154 dpl-gaap:DistributionCosts 2014-02-01 2015-01-31 05739154 dpl-gaap:AdministrativeExpenses 2014-02-01 2015-01-31 05739154 uk-bus:Director1 2014-02-01 2015-01-31 05739154 uk-bus:Director1 2015-01-31

Registered number: 05739154

Abbreviated accounts

For The Year Ended 31 January 2016

Jon Line Accountants Limited

Springdown House

Spring Hill

Bristol

BS2 8HX

Independent Composites Limited

Company No. 05739154

Abbreviated Balance Sheet 31 January 2016

Abbreviated Balance Sheet

		2016		2015
	Notes	£	£	£	£
FIXED ASSETS

CURRENT ASSETS
Stocks		4,832		3,750
Debtors		11,709		30,636
Cash at bank and in hand		1,482		201

		18,023		34,587
Creditors: Amounts Falling Due Within One Year		(25,589)		(35,040)

NET CURRENT ASSETS (LIABILITIES)			(7,566)		(453)

TOTAL ASSETS LESS CURRENT LIABILITIES			(7,566)		(453)

NET ASSETS			(7,566)		(453)

CAPITAL AND RESERVES
Called up share capital	2		1,000		1,000
Profit and Loss Account			(8,566)		(1,453)

SHAREHOLDERS' FUNDS			(7,566)		(453)

Page 1

Independent Composites Limited

Company No. 05739154

Abbreviated Balance Sheet (continued) 31 January 2016

For the year ending 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Daniel Emuss

23rd August 2016

Page 2

Independent Composites Limited

Notes to the Abbreviated Accounts

For The Year Ended 31 January 2016

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Research and Development

Expenditure on research and development is written off in the year it is incurred.

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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Straight Line
Computer Equipment	25% Straight Line

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	1000	1,000	1,000

Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

Page 3