IINKAI Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06804753 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

IINKAI Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A Edmonds

Mrs L Edmonds

T Haynes

SECRETARY:

Mrs L Edmonds

REGISTERED OFFICE:

Unit 11, Diddenham Business Park

Diddenham Court, Lambwood Hill

Grazeley

Reading

Berkshire

RG7 1JQ

REGISTERED NUMBER:

06804753 (England and Wales)

ACCOUNTANTS:

EDMONDS ACCOUNTANCY LIMITED

Unit 11, Diddenham Bus Park,

Diddenham Court

Grazeley,

READING

Berkshire

RG7 1JQ

FIXED ASSETS

Intangible assets

4

14,667

22,667

Tangible assets

5

219

292

14,886

22,959

CURRENT ASSETS

Debtors

6

20,949

16,770

Prepayments and accrued income

1,166

1,768

Cash at bank and in hand

21,789

24,777

43,904

43,315

CREDITORS

Amounts falling due within one year

7

32,018

31,665

NET CURRENT ASSETS

11,886

11,650

TOTAL ASSETS LESS CURRENT LIABILITIES

26,772

34,609

CAPITAL AND RESERVES

Called up share capital

102

100

Other reserves

80,000

80,000

Retained earnings

(53,330

)

(45,491

)

SHAREHOLDERS' FUNDS

26,772

34,609

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 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 31 December 2017 and were signed on its behalf by:

D A Edmonds - Director

1.	STATUTORY INFORMATION

IINKAI 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

80,000

AMORTISATION

At 1 April 2016

57,333

Charge for year

8,000

At 31 March 2017

65,333

NET BOOK VALUE

At 31 March 2017

14,667

At 31 March 2016

22,667

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

and 31 March 2017

651

DEPRECIATION

At 1 April 2016

359

Charge for year

73

At 31 March 2017

432

NET BOOK VALUE

At 31 March 2017

219

At 31 March 2016

292

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

6,849

1,920

Other debtors

14,100

14,850

20,949

16,770

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

350

Taxation and social security

16,022

16,245

Other creditors

15,996

15,070

32,018

31,665

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2017 and the period ended

31 March 2016:

31.3.17

31.3.16

£

£

Mrs L Edmonds and D A Edmonds

Balance outstanding at start of year

14,500

18,350

Amounts advanced

13,750

14,500

Amounts repaid

(14,500

)

(18,350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

13,750

14,500

The debit balance owing on the joint Director Loan Account of £13,750 at 31st Mar 2017 (2016: £14,500)

was repaid in full by a dividend on 31/10/2017