Iesis (WSC) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08113274 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017

FOR

IESIS (WSC) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R I Lewis

D F Steadman

REGISTERED OFFICE:

89-95 Redcliff Street

Bristol

BS1 6LU

REGISTERED NUMBER:

08113274 (England and Wales)

ACCOUNTANTS:

Gordon Wood Scott & Partners Limited

Chartered Accountants

Dean House

94 Whiteladies Road

Clifton

Bristol

BS8 2QX

FIXED ASSETS

Investments

4

100

100

CURRENT ASSETS

Debtors

5

213,092

952,723

Cash at bank

102,490

319,547

315,582

1,272,270

CREDITORS

Amounts falling due within one year

6

(283,565

)

(500,929

)

NET CURRENT ASSETS

32,017

771,341

TOTAL ASSETS LESS CURRENT LIABILITIES

32,117

771,441

CAPITAL AND RESERVES

Called up share capital

7

200

200

Retained earnings

31,917

771,241

SHAREHOLDERS' FUNDS

32,117

771,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30 April 2018 and were signed on its behalf by:

R I Lewis - Director

1.	STATUTORY INFORMATION

Iesis (WSC) 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, stated net of value added tax, represents income from building contracts and rental income due to the

company for the accounting period.

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 NIL (2016 - NIL).

4.	FIXED ASSET INVESTMENTS

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade debtors

16,591

-

Amounts owed by group undertakings

127,801

443,183

Other debtors

68,700

509,540

213,092

952,723

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Trade creditors

3,600

77,707

Amounts owed to group undertakings

158,910

132,658

Taxation and social security

3,262

151,914

Other creditors

117,793

138,650

283,565

500,929

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

200

Ordinary

£1

200

200

8.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

9.	PARENT UNDERTAKING

Iesis Limited, whose registered office is at 89 -95 Redcliff Street, Bristol, BS1 6LU, is the parent undertaking

which prepares consolidated financial statements.

10.	FIRST YEAR ADOPTION

The company has adopted FRS 102 Section 1a which has resulted in adjustments to the comparative prior year

amounts:

There are changes in equity at 1st August 2015 (the date of transition to FRS 102 Section 1a) determined in

accordance with the previous financial reporting framework. A reconciliation of these changes is set out in the

pages which follow.

There are also changes in the loss for year ended 31 July 2016 as determined under FRS 102 Section 1a and

these changes are also set out in the pages which follow.