IGP Care Limited Small abridged accounts

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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of IGP Care Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the year ending 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 09362623

IGP CARE LIMITED

FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS

31 December 2016

IGP CARE LIMITED

ABRIDGED FINANCIAL STATEMENTS

Year ended 31 December 2016

CONTENTS	PAGE

Officers and professional advisers	1

Abridged statement of financial position	2

Statement of changes in equity	4

Notes to the abridged financial statements	5

IGP CARE LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors	DR AHMAD
	DR DATTA
	DR HUNJAN

Registered office	ELLEN HOUSE
	WADDINGTON STREET
	OLDHAM
	OL9 6EE

Accountants	KRA ACCOUNTANTS LIMITED
	CHARTERED CERTIFIED ACCOUNTANTS
	ELSIE WHITELEY INNOVATION CENTRE
	HOPWOOD LANE
	HALIFAX
	WEST YORKSHIRE
	HX1 5ER

IGP CARE LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 December 2016

	2016		2015
Note	£	£	£

FIXED ASSETS

Tangible assets	5		2,058	1,724

CURRENT ASSETS

Debtors	21,008	4,739
Cash at bank and in hand	132,678	77,010
	---------	--------
	153,686	81,749

CREDITORS: amounts falling due within one year	155,644		83,373
	---------		--------
NET CURRENT LIABILITIES		1,958	1,624
		-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES		100	100
		----	----
NET ASSETS		100	100
		----	----

CAPITAL AND RESERVES

Called up share capital	100	100
	----	----
MEMBERS FUNDS	100	100
	----	----

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.

For the year ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

IGP CARE LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

31 December 2016

These abridged financial statements were approved by the board of directors and authorised for issue on 27 September 2017 , and are signed on behalf of the board by:

DR AHMAD	DR DATTA
Director	Director

DR HUNJAN
Director

Company registration number: 09362623

IGP CARE LIMITED

STATEMENT OF CHANGES IN EQUITY

Year ended 31 December 2016

	Called up share capital	Profit and loss account	Total
	£	£	£
AT 1 JANUARY 2015	–	–	–

Profit for the year		–	–

Issue of shares	100	–	100
	----	----	----
TOTAL INVESTMENTS BY AND DISTRIBUTIONS TO OWNERS	100	–	100

AT 31 DECEMBER 2015	100	–	100

Profit for the year		–	–

	----	----	----
AT 31 DECEMBER 2016	100	–	100
	----	----	----

IGP CARE LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

Year ended 31 December 2016

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is ELLEN HOUSE, WADDINGTON STREET, OLDHAM, OL9 6EE.

2. STATEMENT OF COMPLIANCE

These abridged financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

BASIS OF PREPARATION

The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The abridged financial statements are prepared in sterling, which is the functional currency of the entity.

TRANSITION TO FRS 102

The entity transitioned from previous UK GAAP to FRS 102 as at 1 January 2015. Details of how FRS 102 has affected the reported financial position and financial performance is given in note 7.

REVENUE RECOGNITION

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

FOREIGN CURRENCIES

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

TANGIBLE ASSETS

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

DEPRECIATION

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and Machinery	-	20% reducing balance

IMPAIRMENT OF FIXED ASSETS

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

FINANCIAL INSTRUMENTS

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 5 (2015: 5 ).

5. TANGIBLE ASSETS

	£
Cost
At 1 January 2016	2,155
Additions	808
	-------
At 31 December 2016	2,963
	-------
Depreciation
At 1 January 2016	431
Charge for the year	474
	-------
At 31 December 2016	905
	-------
Carrying amount
At 31 December 2016	2,058
	-------
At 31 December 2015	1,724
	-------

6. RELATED PARTY TRANSACTIONS

The company was under the control of Mr Z Ahmad throughout the current and previous year. Mr Ahmad is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 8.

7. TRANSITION TO FRS 102

These are the first abridged financial statements that comply with FRS 102. The company transitioned to FRS 102 on 1 January 2015.

No transitional adjustments were required in equity or profit or loss for the year.