Intelligent Solutions (Midlands) Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 01802452 (England and Wales)

INTELLIGENT SOLUTIONS (MIDLANDS) LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST MARCH 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

Chartered Accountants' Report

5

DIRECTOR:

Mr I R Houghton

REGISTERED OFFICE:

Barberry House

4 Harbour Buildings

Waterfront West

Brierley Hill

West Midlands

DY5 1LN

REGISTERED NUMBER:

01802452 (England and Wales)

ACCOUNTANTS:

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

BANKERS:

Lloyds TSB Bank Plc

Colmore Row

Birmingham

FIXED ASSETS

Tangible assets

2

5,622

17,537

CURRENT ASSETS

Debtors

149,856

175,127

Cash at bank and in hand

87,712

56,917

237,568

232,044

CREDITORS

Amounts falling due within one year

3

211,012

226,438

NET CURRENT ASSETS

26,556

5,606

TOTAL ASSETS LESS CURRENT LIABILITIES

32,178

23,143

CREDITORS

Amounts falling due after more than one year

3

-

12,673

NET ASSETS

32,178

10,470

CAPITAL AND RESERVES

Called up share capital

4

10,000

10,000

Profit and loss account

22,178

470

SHAREHOLDERS' FUNDS

32,178

10,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 24th July 2014 and were signed by:

Mr I R Houghton - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

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

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2013

311,005

Additions

3,448

Disposals

(46,932

)

At 31st March 2014

267,521

DEPRECIATION

At 1st April 2013

293,468

Charge for year

2,653

Eliminated on disposal

(34,222

)

At 31st March 2014

261,899

NET BOOK VALUE

At 31st March 2014

5,622

At 31st March 2013

17,537

3.

CREDITORS

Creditors include an amount of £ 0 (2013 - £ 18,816 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10,000

Ordinary

£1

10,000

10,000

5.	ULTIMATE PARENT COMPANY

Intelligent Solutions (Information) Limited is regarded by the director as being the company's ultimate parent

company.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to four)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Intelligent Solutions (Midlands) Limited for the year ended 31st March 2014 which comprise the

Profit and Loss Account, the 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 at icaew.com/membershandbook.

This report is made solely to the director of Intelligent Solutions (Midlands) Limited in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Intelligent

Solutions (Midlands) Limited and state those matters that we have agreed to state to the director of Intelligent Solutions

(Midlands) Limited 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 the company and its director for

our work or for this report.

It is your duty to ensure that Intelligent Solutions (Midlands) 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 Intelligent Solutions (Midlands) Limited. You consider that Intelligent Solutions (Midlands) 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 Intelligent Solutions

(Midlands) 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.

Ormerod Rutter Limited

Chartered Accountants

The Oakley

Kidderminster Road

Droitwich

Worcestershire

WR9 9AY

24th July 2014