Independent Underwriting Services Limited
Independent Underwriting Services Limited
Registered number: 03054464
Director's Report and
Unaudited Financial Statements
For The Year Ended 31 August 2017
Julie Lucas Chartered Accountant
BA ACA
Woodhouse Farm
Anson Road
Poynton
Cheshire
SK12 1TD
Independent Underwriting Services Limited
Director's Report and Unaudited Financial Statements
For The Year Ended 31 August 2017
Director's Report and Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Company Information | 1 |
| Director's Report | 2 |
| Accountant's Report | 3 |
| Dormant Profit and Loss Account Statement | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
Independent Underwriting Services Limited
Company Information
For The Year Ended 31 August 2017
Company Information
| Director |
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| Secretary |
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| Company Number |
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| Registered Office | Dodle Farm, Oldham Road |
| Denshaw | |
| Saddleworth | |
| Lancashire | |
| OL3 5RP | |
| Accountants |
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| BA ACA | |
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| Anson Road | |
| Poynton | |
| Cheshire | |
| SK12 1TD | |
Page 1
Independent Underwriting Services Limited
Company No. 03054464
Director's Report For The Year Ended 31 August 2017
Director's Report
The director presents his report and the financial statements for the year ended 31 August 2017 .
Statement of Director's Responsibilities
The director is responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the director is required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Directors
The directors who held office during the year were as follows:
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Small Company Rules
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
On behalf of the board
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Page 2
Independent Underwriting Services Limited
Accountant's Report
For The Year Ended 31 August 2017
Accountant's Report
Chartered Accountant's report to the director on the preparation of the unaudited statutory accounts of Independent Underwriting Services Limited For The Year Ended 31 August 2017
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Independent Underwriting Services Limited For The Year Ended 31 August 2017 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records and from information and explanations you have given to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the director of Independent Underwriting Services Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Independent Underwriting Services Limited and state those matters that we have agreed to state to the director of Independent Underwriting Services Limited , as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Independent Underwriting Services Limited and its director, as a body, for our work or for this report.
It is your duty to ensure that Independent Underwriting Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Independent Underwriting Services Limited . You consider that Independent Underwriting Services Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Independent Underwriting Services 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 financial statements.
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BA ACA
Woodhouse Farm
Anson Road
Poynton
Cheshire
SK12 1TD
Page 3
Independent Underwriting Services Limited
Dormant Profit and Loss Account Statement
For The Year Ended 31 August 2017
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
Independent Underwriting Services Limited
Balance Sheet
As at
31 August 2017
Balance Sheet
| 2017 | 2016 | ||||
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| Notes | £ | £ | £ | £ | |
| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| NET ASSETS |
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( |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Profit and loss account |
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| SHAREHOLDERS' FUNDS | (14,617) | (14,617) | |||
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on page 6 form part of these financial statements.
Page 5
Independent Underwriting Services Limited
Notes to the Unaudited Accounts
For The Year Ended 31 August 2017
Notes to the Unaudited Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.
Operating Profit
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
3.
Average number of employees
Average number of employees, including directors, during the year was as follows:
4.
Creditors: Amounts Falling Due Within One Year
| 2017 | 2016 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Other creditors |
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| Director's loan account |
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6.
Ultimate Controlling Party
The company's ultimate controlling party is H P Lux by virtue of his ownership of 100% of the issued share capital in the company.
7.
General Information
Independent Underwriting Services Limited Registered number 03054464 is a limited by shares company incorporated in England & Wales. The Registered Office is Dodle Farm, Oldham Road, Denshaw, Saddleworth, Lancashire, OL3 5RP.
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