IW Consultancy Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04534398 (England and Wales)

Financial Statements

for the Year Ended 31 December 2016

for

IW CONSULTANCY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr A Calder

Mrs J R R Wallace

SECRETARY:

Mrs J R R Wallace

REGISTERED OFFICE:

5 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

REGISTERED NUMBER:

04534398 (England and Wales)

ACCOUNTANTS:

Connor, Spencer

Chartered Accountants

5 Waterside

Station Road

Harpenden

Hertfordshire

AL5 4US

FIXED ASSETS

Tangible assets

4

9,065

10,320

CURRENT ASSETS

Debtors

5

65,715

15,125

Cash at bank

23,177

195,203

88,892

210,328

CREDITORS

Amounts falling due within one year

6

14,443

69,273

NET CURRENT ASSETS

74,449

141,055

TOTAL ASSETS LESS CURRENT LIABILITIES

83,514

151,375

CAPITAL AND RESERVES

Called up share capital

11

11

Retained earnings

83,503

151,364

SHAREHOLDERS' FUNDS

83,514

151,375

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

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

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 May 2017 and were signed on its behalf by:

Mrs J R R Wallace - Director

1.	STATUTORY INFORMATION

IW Consultancy 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 is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Computer equipment

-

20% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2016

20,015

Additions

1,012

At 31 December 2016

21,027

DEPRECIATION

At 1 January 2016

9,695

Charge for year

2,267

At 31 December 2016

11,962

NET BOOK VALUE

At 31 December 2016

9,065

At 31 December 2015

10,320

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade debtors

62,814

15,125

Other debtors

2,901

-

65,715

15,125

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Trade creditors

-

28,835

Taxation and social security

12,778

31,900

Other creditors

1,665

8,538

14,443

69,273

7.	RELATED PARTY DISCLOSURES

During the year payments totalling £80,801 were made to a Company owned and controlled by Aron

Calder, a Director of IW Consultancy Ltd.