The Informed Partnership Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07008093 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2017

for

The Informed Partnership Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

K J Ferriby

Miss L F Gresham

REGISTERED OFFICE:

8 Waterside Park

Livingstone Road

Hessle

Hull

East Yorkshire

HU13 0EG

REGISTERED NUMBER:

07008093 (England and Wales)

ACCOUNTANTS:

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

FIXED ASSETS

Intangible assets

4

328,250

479,750

Tangible assets

5

22,606

20,479

350,856

500,229

CURRENT ASSETS

Debtors

6

1,821,924

1,576,787

Cash at bank and in hand

520,030

164,647

2,341,954

1,741,434

CREDITORS

Amounts falling due within one year

7

449,606

311,389

NET CURRENT ASSETS

1,892,348

1,430,045

TOTAL ASSETS LESS CURRENT LIABILITIES

2,243,204

1,930,274

CREDITORS

Amounts falling due after more than one year

8

(1,400,000

)

(1,400,000

)

PROVISIONS FOR LIABILITIES

(3,727

)

(3,289

)

NET ASSETS

839,477

526,985

CAPITAL AND RESERVES

Called up share capital

65,064

65,064

Retained earnings

774,413

461,921

SHAREHOLDERS' FUNDS

839,477

526,985

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 14th February 2018 and were signed on its behalf by:

K J Ferriby - Director

1.	STATUTORY INFORMATION

The Informed Partnership 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.

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.

Turnover

Turnover represents fees and commissions earned in the financial period.

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.

Equipment

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

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 25 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st October 2016

and 30th September 2017

1,515,000

AMORTISATION

At 1st October 2016

1,035,250

Amortisation for year

151,500

At 30th September 2017

1,186,750

NET BOOK VALUE

At 30th September 2017

328,250

At 30th September 2016

479,750

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

Equipment

fittings

equipment

Totals

£

£

£

£

COST

At 1st October 2016

2,750

18,963

51,648

73,361

Additions

-

7,999

15,865

23,864

Disposals

-

(21,753

)

-

(21,753

)

At 30th September 2017

2,750

5,209

67,513

75,472

DEPRECIATION

At 1st October 2016

1,724

14,001

37,157

52,882

Charge for year

551

1,043

12,019

13,613

Eliminated on disposal

-

(13,629

)

-

(13,629

)

At 30th September 2017

2,275

1,415

49,176

52,866

NET BOOK VALUE

At 30th September 2017

475

3,794

18,337

22,606

At 30th September 2016

1,026

4,962

14,491

20,479

6.

DEBTORS

2017

2016

£

£

Amounts falling due within one year:

Amounts recoverable on contract

299,122

127,417

Other debtors

4,139

2,480

Accrued income

1,673

7,885

Prepayments

35,604

83,375

340,538

221,157

Amounts falling due after more than one year:

Amounts owed by group undertakings

1,481,386

1,355,630

Aggregate amounts

1,821,924

1,576,787

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

20,193

Trade creditors

57,858

60,333

Claims payable

-

25,000

Taxation

301,829

168,563

Social security and other taxes

30,302

9,752

Other creditors

17,000

1,149

No description

(1,536

)

-

Accrued expenses

44,153

26,399

449,606

311,389

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Amounts owed to group undertakings

1,400,000

1,400,000

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £161,243 (2016 - £276,343) were paid to the directors .

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L F Gresham.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of The Informed Partnership Limited for the year ended 30th September 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Informed Partnership Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Informed Partnership Limited and state those matters that we have agreed to state to the Board of Directors of The Informed Partnership Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Informed Partnership Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Informed Partnership Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Informed Partnership Limited. You consider that The Informed Partnership Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Informed Partnership Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

cbaSadofskys

Chartered Accountants

Princes House

Wright Street

Hull

East Yorkshire

HU2 8HX

20th February 2018