INTERCHANGE CONSULTING LIMITED - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06481256 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

INTERCHANGE CONSULTING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mrs J Taylor

SECRETARY:

Miss E C Taylor

REGISTERED OFFICE:

4 Claremont Road

Teddington

Middlesex

TW11 8DG

REGISTERED NUMBER:

06481256 (England and Wales)

ACCOUNTANTS:

WITNEY & CO LTD

Ground Floor

39 Guildford Road

Lightwater

Surrey

GU18 5SA

FIXED ASSETS

Tangible assets

4

800

1,067

CURRENT ASSETS

Debtors

5

19,047

14,965

Investments

6

159,400

69,400

Cash at bank

74,968

103,449

253,415

187,814

CREDITORS

Amounts falling due within one year

7

29,069

5,081

NET CURRENT ASSETS

224,346

182,733

TOTAL ASSETS LESS CURRENT LIABILITIES

225,146

183,800

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

225,144

183,798

SHAREHOLDERS' FUNDS

225,146

183,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 22 August 2017 and were signed by:

Mrs J Taylor - Director

1.	STATUTORY INFORMATION

INTERCHANGE CONSULTING 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

-

25% 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 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

and 31 March 2017

2,614

DEPRECIATION

At 1 April 2016

1,547

Charge for year

267

At 31 March 2017

1,814

NET BOOK VALUE

At 31 March 2017

800

At 31 March 2016

1,067

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

18,580

14,660

Other debtors

467

305

19,047

14,965

6.	CURRENT ASSET INVESTMENTS

The investments relates to

Prudential Investment Plan (Optimum Return WP) taken out for £29,400 on 7 January 2014 which is now

valued at £31,253

Prudential Investment Plan(Optimum return WP) for £40,000 taken out on 18 July 2014. which is now valued

at £42,082

Investec FTSE 100 Coll Step Down Plan for £29,400 taken out on 5 December 2016 .which is now at valued

£30,814

Cofunds Investment Funds invested in various unit trusts for £58,800 taken out on 18 November 2016 which is

now valued at £64,184

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Taxation and social security

27,869

3,917

Other creditors

1,200

1,164

29,069

5,081

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £30,000 (2016 - £26,500) were paid to the director .

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J Taylor.

The ultimate controlling party is Mrs J Taylor.