Independent Technical Consultancy Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 04469326 (England and Wales)

Financial Statements for the Year Ended 30th June 2017

for

Independent Technical Consultancy Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Smith

SECRETARY:

Mrs T J Smith

REGISTERED OFFICE:

Ground Floor, Southway House

29 Southway

Colchester

Essex

CO2 7BA

REGISTERED NUMBER:

04469326 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

609

CURRENT ASSETS

Debtors

5

1,907

42,768

Cash at bank

7,108

217

9,015

42,985

CREDITORS

Amounts falling due within one year

6

8,890

22,125

NET CURRENT ASSETS

125

20,860

TOTAL ASSETS LESS CURRENT LIABILITIES

125

21,469

PROVISIONS FOR LIABILITIES

-

102

NET ASSETS

125

21,367

CAPITAL AND RESERVES

Called up share capital

125

125

Retained earnings

-

21,242

SHAREHOLDERS' FUNDS

125

21,367

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director on 22nd February 2018 and were signed by:

Mr A Smith - Director

1.	STATUTORY INFORMATION

Independent Technical Consultancy Ltd 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1st July 2016

4,645

Disposals

(4,645

)

At 30th June 2017

-

DEPRECIATION

At 1st July 2016

4,036

Charge for year

153

Eliminated on disposal

(4,189

)

At 30th June 2017

-

NET BOOK VALUE

At 30th June 2017

-

At 30th June 2016

609

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

42,768

Other debtors

1,907

-

1,907

42,768

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

23

Taxation and social security

7,417

20,118

Other creditors

1,473

1,984

8,890

22,125

7.	RELATED PARTY DISCLOSURES

The company is controlled by Mr A Smith who is the director and 80% shareholder.