Independence Administration Ltd - Accounts to registrar (filleted) - small 18.1

Independence Administration Ltd - Accounts to registrar (filleted) - small 18.1

INDEPENDENCE ADMINISTRATION LTD - Company Information

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REGISTERED NUMBER: 06495872 (England and Wales)

















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

INDEPENDENCE ADMINISTRATION LTD
INDEPENDENCE ADMINISTRATION LTD (REGISTERED NUMBER: 06495872)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017










Page

Company Information 1

Certified Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 4


INDEPENDENCE ADMINISTRATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2017







DIRECTORS: Mr D J Beech
Miss L R Manship





SECRETARY: Mr D J Beech





REGISTERED OFFICE: 6 Vantage Park
High View Close
Leicester
United Kingdom





REGISTERED NUMBER: 06495872 (England and Wales)





ACCOUNTANTS: Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE
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CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INDEPENDENCE ADMINISTRATION LTD


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 Statement of Financial Position. Readers are cautioned that the
Income Statement and certain other primary statements and the Directors' Report 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 Independence Administration Ltd for the year ended
31st December 2017 which comprise the Income Statement, Statement of Financial Position 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Independence Administration Ltd, 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 Independence Administration Ltd and state those matters that we have agreed to state to the Board of Directors of Independence Administration Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Independence Administration Ltd 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 Independence Administration Ltd. You consider that Independence Administration Ltd 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 Independence Administration Ltd. 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.






Watergates Ltd
109 Coleman Road
Leicester
LE5 4LE


6th June 2018

This page does not form part of the statutory financial statements

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INDEPENDENCE ADMINISTRATION LTD (REGISTERED NUMBER: 06495872)

STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2017

31/12/17 31/12/16
Notes £    £   
CURRENT ASSETS
Cash at bank 10,216 9,918

CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
4
(1,327
)
(4,404
)
NET CURRENT ASSETS 8,889 5,514
TOTAL ASSETS LESS CURRENT
LIABILITIES
8,889
5,514

CAPITAL AND RESERVES
Called up share capital 5 4 4
Retained earnings 8,885 5,510
SHAREHOLDERS' FUNDS 8,889 5,514

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st December 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 June 2018 and were signed on its
behalf by:





Mr D J Beech - Director


The notes on pages 4 to 5 form part of these financial statements

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INDEPENDENCE ADMINISTRATION LTD (REGISTERED NUMBER: 06495872)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2017


1. STATUTORY INFORMATION

Independence Administration 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.

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. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - 2 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/17 31/12/16
£    £   
Taxation and social security 804 1,509
Other creditors 523 2,895
1,327 4,404

-4-
INDEPENDENCE ADMINISTRATION LTD (REGISTERED NUMBER: 06495872)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2017


5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/17 31/12/16
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
2 Ordinary C £1 2 2
4 4

6. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from the director of £72.91 (2016: £4403.78)

The loan is interest free and there is no fixed date for repayment.

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