I.S.H. Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 02663597 (England and Wales)

I.S.H. LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K B Lomas

Dr O C Lomas

SECRETARY:

Mrs K B Lomas

REGISTERED OFFICE:

145 Chelsea Road

Sheffield

S11 9BQ

REGISTERED NUMBER:

02663597 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

CURRENT ASSETS

Stocks

7,860

9,031

Debtors

3

3,472

1,551

Cash at bank

183,407

217,053

194,739

227,635

CREDITORS

Amounts falling due within one year

4

12,548

46,720

NET CURRENT ASSETS

182,191

180,915

TOTAL ASSETS LESS CURRENT LIABILITIES

182,191

180,915

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

181,891

180,615

SHAREHOLDERS' FUNDS

182,191

180,915

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

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

The directors acknowledge their 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 Board of Directors on 27 October 2017 and were signed on its behalf by:

Mrs K B Lomas - Director

1.	STATUTORY INFORMATION

I.S.H. 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

2,629

1,370

Other debtors

843

181

3,472

1,551

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade creditors

1,731

3,054

Tax

319

1,475

VAT

1,227

2,771

Other creditors and accruals

9,271

11,158

Directors' current accounts

-

28,262

12,548

46,720

5.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs K B Lomas.

The ultimate controlling party is Mrs K B Lomas.

6.	FIRST YEAR ADOPTION

The date of transition to FRS 102 1A was 1 February 2015. There was no effect on the reported financial

position and performance under the previous financial reporting framework (FRSSE 2015) compared to the

position at 1 February 2015 as shown in these accounts. There have been no changes in accounting policy.