The Implementation Company Limited - Accounts to registrar (filleted) - small 17.3

The Implementation Company Limited - Accounts to registrar (filleted) - small 17.3

THE IMPLEMENTATION COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 05414199









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

FOR

THE IMPLEMENTATION COMPANY LIMITED
THE IMPLEMENTATION COMPANY LIMITED (REGISTERED NUMBER: 05414199)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE IMPLEMENTATION COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2017







DIRECTORS: J G Hudson
Dr U F Hudson





REGISTERED OFFICE: Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY





REGISTERED NUMBER: 05414199





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY
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THE IMPLEMENTATION COMPANY LIMITED (REGISTERED NUMBER: 05414199)

BALANCE SHEET
31 MARCH 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,080 1,655

CURRENT ASSETS
Stocks 4,489 3,617
Debtors 5 3,037 3,889
Cash at bank 3,638 5,792
11,164 13,298
CREDITORS
Amounts falling due within one year 6 36,538 32,829
NET CURRENT LIABILITIES (25,374 ) (19,531 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(24,294
)
(17,876
)

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings (24,296 ) (17,878 )
SHAREHOLDERS' FUNDS (24,294 ) (17,876 )

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 18 January 2018 and were signed on its behalf by:





J G Hudson - Director


The notes form part of these financial statements

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THE IMPLEMENTATION COMPANY LIMITED (REGISTERED NUMBER: 05414199)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2017


1. STATUTORY INFORMATION

The Implementation Company Limited is a private company, limited by shares , registered in Not specified/Other.
The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared using the going concern basis. The company relies on the support of its
directors, whom have indicated that they will continue to support the trading activities of the company for the
foreseeable future.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 31 March 2017 are the first that are prepared in accordance with
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of
transition to FRS 102 Section 1A is 1 April 2015.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Revenue is reduced for estimated
customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when goods are delivered and legal title has passed."

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

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

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.

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THE IMPLEMENTATION COMPANY LIMITED (REGISTERED NUMBER: 05414199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance
sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is
estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an
impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the
impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2016
and 31 March 2017 14,366 5,283 19,649
DEPRECIATION
At 1 April 2016 13,320 4,674 17,994
Charge for year 254 321 575
At 31 March 2017 13,574 4,995 18,569
NET BOOK VALUE
At 31 March 2017 792 288 1,080
At 31 March 2016 1,046 609 1,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 3,037 3,029
Other debtors - 860
3,037 3,889

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts - 12
Trade creditors 2,306 3,518
Other creditors 34,232 29,299
36,538 32,829

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THE IMPLEMENTATION COMPANY LIMITED (REGISTERED NUMBER: 05414199)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2017


7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
2 Ordinary £1 2 2

8. FIRST YEAR ADOPTION

No transitional adjustments have been made to the comparative figures and the company's financial position and
performance have not been affected by the transition to FRS 102. There have been no significant changes to the
accounting policies as a result of the new financial reporting framework.

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