IGMC Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 07634598 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

IGMC Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

I G Mcgarry

REGISTERED OFFICE:

107 Sheringham Avenue

London

N14 4UJ

REGISTERED NUMBER:

07634598 (England and Wales)

ACCOUNTANTS:

JCL Accountancy Ltd

107 Sheringham Avenue

London

N14 4UJ

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

5,000

5,000

5,000

5,000

CURRENT ASSETS

Debtors

6

3,300

3,550

Cash at bank

16,875

20,232

20,175

23,782

CREDITORS

Amounts falling due within one year

7

24,913

27,071

NET CURRENT LIABILITIES

(4,738

)

(3,289

)

TOTAL ASSETS LESS CURRENT LIABILITIES

262

1,711

CAPITAL AND RESERVES

Called up share capital

8

10

10

Retained earnings

9

252

1,701

SHAREHOLDERS' FUNDS

262

1,711

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 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 15 June 2017 and were signed by:

I G Mcgarry - Director

1.	STATUTORY INFORMATION

IGMC 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.

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 2 .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2016

1,750

Disposals

(1,750

)

At 31 March 2017

-

DEPRECIATION

At 1 April 2016

1,750

Eliminated on disposal

(1,750

)

At 31 March 2017

-

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 April 2016

and 31 March 2017

5,000

NET BOOK VALUE

At 31 March 2017

5,000

At 31 March 2016

5,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

3,300

3,550

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Tax

21,138

23,396

Social security and other taxes

657

927

VAT

2,098

1,848

Accrued expenses

1,020

900

24,913

27,071

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

£

10

Ordinary

£1

10

10

9.

RESERVES

Retained

earnings

£

At 1 April 2016

1,701

Profit for the year

84,551

Dividends

(86,000

)

At 31 March 2017

252

10.	ULTIMATE CONTROLLING PARTY

The controlling party is I G Mcgarry.

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

JCL Accountancy Ltd

107 Sheringham Avenue

London

N14 4UJ

15 June 2017