IR International Collections Limited - Accounts to registrar - small 17.1

IR International Collections Limited - Accounts to registrar - small 17.1

IR INTERNATIONAL COLLECTIONS LIMITED - Company Information

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REGISTERED NUMBER: 06653618 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016

FOR

IR INTERNATIONAL COLLECTIONS LIMITED

IR INTERNATIONAL COLLECTIONS LIMITED (REGISTERED NUMBER: 06653618)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

IR INTERNATIONAL COLLECTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2016







DIRECTOR: I D Rosenberg





REGISTERED OFFICE: 2nd Floor
Devonshire House
1 Devonshire Street
London
W1W 5DS





REGISTERED NUMBER: 06653618 (England and Wales)





ACCOUNTANTS: Leigh Philip & Partners
Chartered Accountants
2nd Floor
Devonshire House
1 Devonshire Street
London
W1W 5DS
Page 1
IR INTERNATIONAL COLLECTIONS LIMITED (REGISTERED NUMBER: 06653618)

BALANCE SHEET
31 JULY 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,189 6,192

CURRENT ASSETS
Stocks 14,224 2,600
Debtors 5 - 125,538
Cash at bank 624,591 79,231
638,815 207,369
CREDITORS
Amounts falling due within one year 6 384,521 116,171
NET CURRENT ASSETS 254,294 91,198
TOTAL ASSETS LESS CURRENT
LIABILITIES
257,483
97,390

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 257,383 97,290
SHAREHOLDERS' FUNDS 257,483 97,390

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 27 April 2017 and were signed by:





I D Rosenberg - Director


The notes form part of these financial statements

Page 2
IR INTERNATIONAL COLLECTIONS LIMITED (REGISTERED NUMBER: 06653618)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2016

1. STATUTORY INFORMATION

IR International Collections Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful
life.

Plant & machinery- 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2015 19,235
Additions 958
At 31 July 2016 20,193
DEPRECIATION
At 1 August 2015 13,043
Charge for year 3,961
At 31 July 2016 17,004
NET BOOK VALUE
At 31 July 2016 3,189
At 31 July 2015 6,192

Page 3 continued...
IR INTERNATIONAL COLLECTIONS LIMITED (REGISTERED NUMBER: 06653618)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2016

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors - 115,250
Other debtors - 10,288
- 125,538

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Tax 85,490 38,709
Social security and other taxes 1,961 1,259
VAT 57,624 5,774
Directors' loan accounts 131,048 67,928
Accruals and deferred income 108,398 2,501
384,521 116,171

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following transactions took place with the director during the year:

£

Balance due as at 1 August 2015 67,928
Payments on behalf of the director(166,550)
Payments and amounts due to the director71,163
Dividends150,000
Balance due to director as at 31 July 2016131,048

8. ULTIMATE CONTROLLING PARTY

The controlling party is I D Rosenberg.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IR INTERNATIONAL COLLECTIONS LIMITED

The following reproduces the text of the report prepared for the director and members in respect of the
company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is
only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and
certain other primary statements and the Report of the Director are not required to be filed with the Registrar
of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of IR International Collections Limited for the year ended 31 July 2016 which comprise the
Statement of Comprehensive Income, Balance Sheet, and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of IR International Collections Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IR International Collections Limited and state those matters that we have agreed to state to the director of IR International Collections Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IR International Collections Limited director for our work or for this report.

It is your duty to ensure that IR International Collections Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IR International Collections Limited. You consider that IR International Collections Limited 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 financial statements of IR International Collections Limited. 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 financial statements.






Leigh Philip & Partners
Chartered Accountants
2nd Floor
Devonshire House
1 Devonshire Street
London
W1W 5DS


27 April 2017

This page does not form part of the statutory financial statements

Page 5