Industrial Scripts Training & Events Ltd - Accounts

Industrial Scripts Training & Events Ltd - Accounts

INDUSTRIAL SCRIPTS LTD - Company Information

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2015-04-01 true false Private Limited Company 07298619 2015-04-01 2016-03-31 07298619 2016-03-31 07298619 uk-bus:RegisteredOffice 2015-04-01 2016-03-31 07298619 uk-bus:AllEntityOfficers 2015-04-01 2016-03-31 07298619 uk-bus:EntityAccountantsOrAuditors 2015-04-01 2016-03-31 07298619 uk-bus:EntityAccountantsOrAuditors 2016-03-31 07298619 uk-gaap:WithinOneYear 2016-03-31 07298619 uk-bus:Director1 2015-04-01 2016-03-31 07298619 uk-bus:Director1 2016-03-31 07298619 uk-bus:Director1 2014-10-01 2015-03-31 07298619 2014-10-01 07298619 uk-bus:EntityBankers 2015-04-01 2016-03-31 07298619 uk-bus:CompanySecretary 2015-04-01 2016-03-31 07298619 uk-bus:EntityLawyersOrLegalAdvisers 2015-04-01 2016-03-31 07298619 2014-10-01 2015-03-31 07298619 2015-03-31 07298619 uk-gaap:WithinOneYear 2015-03-31 07298619 uk-bus:AllEntityOfficers 2014-10-01 2015-03-31 07298619 uk-bus:EntityAccountantsOrAuditors 2014-10-01 2015-03-31 07298619 uk-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 07298619 uk-bus:OrdinaryShareClass1 2016-03-31 07298619 uk-bus:OrdinaryShareClass1 2014-10-01 2015-03-31 07298619 uk-bus:OrdinaryShareClass1 2015-03-31 07298619 uk-bus:AllOrdinaryShares uk-gaap:DividendsPaid 2015-04-01 2016-03-31 07298619 uk-gaap:PlantMachinery 2015-04-01 2016-03-31 07298619 uk-gaap:PlantMachinery 2016-03-31 07298619 uk-gaap:PlantMachinery 2015-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number : 07298619
England and Wales

 

 

 

INDUSTRIAL SCRIPTS TRAINING & EVENTS LTD


Abbreviated Accounts
 


Period of accounts

Start date: 01 April 2015

End date: 31 March 2016

Industrial Scripts Training & Events Ltd
Contents Page
For the year ended 31 March 2016
In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company from the accounting records and information and explanations you have given to us.

This report is made to the Company's Board of Directors, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the Company's Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with technical guidance issued by the Association of International Accountants and have complied with the ethical guidance laid down by the Institute relating to members undertaking the compilation of financial statements.

You have acknowledged on the balance sheet as at year ended 31 March 2016 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the year.

We have not been instructed to carry out an audit of the financial statements. 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 financial statements



....................................................
Josh Botham Tax & Accounting Services Ltd
Archer House Britland Estate
Northbourne Road
Eastbourne
East Sussex
BN22 8PW
12 December 2016
1
 
 		 Notes
 		 2016
£		   2015
£
Fixed assets      
Tangible fixed assets 2 167    417 
167    417 
Current assets      
Cash at bank and in hand 175,474    79,000 
Creditors: amount falling due within one year (27,619)   (4,495)
Net current assets 147,855    74,505 
Total assets less current liabilities 148,022    74,922 
Creditors: amount falling due more than one year (134,627)   (57,627)
Provisions for liabilities (30)   (83)
Net assets 13,365    17,212 

Capital and reserves 		     
Called up share capital 3 100    100 
Profit and loss account 13,265    17,112 
Shareholders funds 13,365    17,212 


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

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.
Signed on behalf of the board of directors


--------------------------------
Mr Evan Leighton-Davis
Director

Date approved by the board: 12 December 2016
2
1.

Accounting Policies

Basis of accounting

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

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.

Tangible fixed assets

Cost or Valuation Plant and Machinery   Total
  £   £
At 01 April 2015 1,000    1,000 
Additions -    - 
Disposals -    - 
At 31 March 2016 1,000    1,000 
Depreciation
At 01 April 2015 583    583 
Charge for year 250    250 
On disposals -    - 
At 31 March 2016 833    833 
Net book values
At 31 March 2016 167    167 
At 01 April 2015 417    417 


3.

Share Capital

Authorised
0 Class A shares of £1.00 each

Allotted
2016
£		   2015
£
100 Class A shares of £1.00 each 100    100 
100    100 

3