Information Metrics Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 08398591 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2017

for

Information Metrics Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTOR:

P Farrer

SECRETARY:

REGISTERED OFFICE:

Bellevue

Princes Street

Ulverston

Cumbria

LA12 7NB

REGISTERED NUMBER:

08398591 (England and Wales)

ACCOUNTANTS:

R F Miller & Co

Chartered Accountants

Bellevue

Princes Street

Ulverston

Cumbria

LA12 7NB

FIXED ASSETS

Tangible assets

3

535

186

CURRENT ASSETS

Debtors

4

99

247

Cash at bank

33

35

132

282

CREDITORS

Amounts falling due within one year

5

12,300

22,055

NET CURRENT LIABILITIES

(12,168

)

(21,773

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,633

)

(21,587

)

CAPITAL AND RESERVES

Called up share capital

6

1

1

Retained earnings

7

(11,634

)

(21,588

)

SHAREHOLDERS' FUNDS

(11,633

)

(21,587

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2017 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 Income Statement has not been delivered.

The financial statements were approved by the director on 25 April 2017 and were signed by:

P Farrer - Director

1.	STATUTORY INFORMATION

Information Metrics Ltd 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.

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

-

25% straight line basis

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 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.

Going concern

The balance sheet is deficient by £13,555 in the current year (2016: £21,587) however, the director, Mr P

Farrer, has pledged his long term financial support to the Company.

3.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 March 2016

405

Additions

600

At 28 February 2017

1,005

DEPRECIATION

At 1 March 2016

219

Charge for year

251

At 28 February 2017

470

NET BOOK VALUE

At 28 February 2017

535

At 29 February 2016

186

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

VAT

74

89

Prepayments

25

158

99

247

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

8

Tax

1

-

Directors' current accounts

11,600

21,367

Accrued expenses

699

680

12,300

22,055

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

7.

RESERVES

Retained

earnings

£

At 1 March 2016

(21,588

)

Profit for the year

9,954

At 28 February 2017

(11,634

)

8.	RELATED PARTY DISCLOSURES

Mr P Farrer, a director, has a loan account with the company which remained in credit throughout the year. At

the balance sheet date the company owed £11,600 (2016 - £21,367) to Mr P Farrer. The loan is interest free

and unsecured.

9.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director who owns 100% of the called up share capital.

10.	FIRST YEAR ADOPTION

These financial statements for the year ended 31 December 2016 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 1 January 2016.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in accounting

policies to those used previously.

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 Income Statement 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 Information Metrics Ltd for the year ended 28 February 2017 which comprise the Income

Statement, 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 icaew.com/membershandbook.

This report is made solely to the director of Information Metrics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Information Metrics Ltd and state those matters that we have agreed to state to the director of Information Metrics Ltd in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Information Metrics Ltd director for our work or for this report.

It is your duty to ensure that Information Metrics Ltd 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 Information Metrics Ltd. You consider that Information Metrics Ltd 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 Information Metrics Ltd. 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.

R F Miller & Co

Chartered Accountants

Bellevue

Princes Street

Ulverston

Cumbria

LA12 7NB

25 April 2017