Information Business Quantum Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 05184557 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Information Business Quantum Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Ms M D L S Sanchez Delgado

SECRETARY:

Grosvenor Secretaries Limited

REGISTERED OFFICE:

4th Floor,

Clerks' Well House

20 Britton Street

London

EC1M 5UA

REGISTERED NUMBER:

05184557 (England and Wales)

FIXED ASSETS

Investments

4

8,179

8,179

CURRENT ASSETS

Debtors

5

86,636

82,139

CREDITORS

Amounts falling due within one year

6

25,805

30,545

NET CURRENT ASSETS

60,831

51,594

TOTAL ASSETS LESS CURRENT LIABILITIES

69,010

59,773

CAPITAL AND RESERVES

Called up share capital

5,000

5,000

Retained earnings

64,010

54,773

SHAREHOLDERS' FUNDS

69,010

59,773

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 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 25 September 2017 and were signed by:

Ms M D L S Sanchez Delgado - Director

1.	STATUTORY INFORMATION

Information Business Quantum 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.

Preparation of consolidated financial statements

The financial statements contain information about Information Business Quantum Limited

as an individual company and do not contain consolidated financial information as the parent

of a group. The company has taken the option under Section 398 of the Companies Act 2006

not to prepare consolidated financial statements.

Significant judgements and estimates

In the preparation of the financial statements, management has made no judgements,

estimates and assumptions that affect the amounts reported for assets and liabilities as at

the balance sheet date and the amounts reported for revenues and expenses during the

year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries

Investments in subsidiaries recognised at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised in the company's statement of

financial position when the company becomes a party to the contractual provisions of the

instrument.

Financial assets and financial liabilities are initially measured at transaction price.

Transaction costs that are directly attributable to the acquisition or issue of financial assets

and financial liabilities (other than financial assets and financial liabilities at fair value through

profit or loss) are added to or deducted from the transaction price of the financial assets or

financial liabilities, as appropriate, on initial recognition. Transaction costs directly

attributable to the acquisition of financial assets or financial liabilities at fair value through

profit or loss are recognised immediately in profit or loss.

Trade and other receivables are initially measured at transaction price and are subsequently

measured at amortised cost, using the effective interest rate method.

Trade and other payables are initially measured at transaction price and are subsequently

measured at amortised cost, using the effective interest rate method.

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.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 January 2016

and 31 December 2016

8,179

NET BOOK VALUE

At 31 December 2016

8,179

At 31 December 2015

8,179

Fixed asset investments are stated at cost less impairment.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

-

24,539

Amounts owed by group undertakings

86,636

57,600

86,636

82,139

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

258

-

Amounts owed to group undertakings

-

6,048

Taxation and social security

4,548

5,579

Other creditors

20,999

18,918

25,805

30,545

7.	RELATED PARTY DISCLOSURES

Included in amounts due from group undertakings is £24,134 (2015: £6,048 payable)

receivable from Integration and Software Limited, a subsidiary undertaking of the company.

That amount is interest free and receivable on demand.

The subsidiary received £120,100 of trade receivables and paid £89,918 of expenses on

behalf of the company.

8.	ULTIMATE CONTROLLING PARTY

Details of the persons with significant control will be made available in a due course at the

following link:

https://beta.companieshouse.gov.uk/company/05184557/persons-with-significant-control.