ICS (2016) Limited - Accounts to registrar (filleted) - small 18.1
ICS (2016) Limited - Accounts to registrar (filleted) - small 18.1
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2017 |
FOR |
ICS (2016) LIMITED |
ICS (2016) LIMITED (REGISTERED NUMBER: 05210977) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2017 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 3 |
ICS (2016) LIMITED |
COMPANY INFORMATION |
for the Year Ended 30 September 2017 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Douglas Bank House |
Wigan Lane |
Wigan |
Lancashire |
WN1 2TB |
ICS (2016) LIMITED (REGISTERED NUMBER: 05210977) |
STATEMENT OF FINANCIAL POSITION |
30 September 2017 |
2017 | 2016 |
£ | £ |
CURRENT ASSETS |
Cash in hand |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
SHAREHOLDERS' FUNDS |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director on |
ICS (2016) LIMITED (REGISTERED NUMBER: 05210977) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30 September 2017 |
1. | STATUTORY INFORMATION |
ICS (2016) Limited is a |
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 Reports Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. The financial statements have been prepared under the historic cost |
convention. |
The principle accounting policies adopted in the preparation of the financial statements are set out below. |
The transition to FRS 102 Section 1A has resulted in no changes to the accounting policies used previously. |
The company was dormant throughout the current year and previous year. |
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 30 September 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 October 2015. |
Financial instruments |
The following assets and liabilities are classified as financial instruments; trade debtors, Directors' loan accounts, |
trade creditors, accruals and bank loans. |
Financial instruments that are payable or receivable within one year, typically trade debtors, Directors' loan |
accounts, trade creditors and accruals, are measured initially and subsequently at the discounted amount of the |
cash or other consideration that is expected to be paid or received. |
Financial instruments repayable in more than one year such as bank loans are initially measured at present value |
of the future payments and subsequently at amortised cost using the effective interest method unless the effect of |
discounting would be immaterial. |
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 statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position 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. | RELATED PARTY DISCLOSURES |
ICS (2016) LIMITED (REGISTERED NUMBER: 05210977) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30 September 2017 |
3. | RELATED PARTY DISCLOSURES - continued |
The controlling party is A Rosler. |