Isambard Limited - Accounts to registrar (filleted) - small 18.1

Isambard Limited - Accounts to registrar (filleted) - small 18.1

ISAMBARD LIMITED - Company Information

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REGISTERED NUMBER: 09240841 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Isambard Limited
Isambard Limited (Registered number: 09240841)






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 4

Chartered Accountants' Report 7

Isambard Limited

Company Information
for the Year Ended 30 September 2017







DIRECTORS: R A Landen
Mrs L A Landen





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden, Bedford
Bedfordshire
MK44 2QS





REGISTERED NUMBER: 09240841 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS
Page 1
Isambard Limited (Registered number: 09240841)

Statement of Financial Position
30 September 2017

30.9.17 30.9.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,833 5,721
Investments 5 10,100 10,100
13,933 15,821

CURRENT ASSETS
Debtors 6 22,898 180,571
Cash at bank 44,636 46,640
67,534 227,211
CREDITORS
Amounts falling due within one year 7 42,482 212,380
NET CURRENT ASSETS 25,052 14,831
TOTAL ASSETS LESS CURRENT LIABILITIES 38,985 30,652

PROVISIONS FOR LIABILITIES 728 1,087
NET ASSETS 38,257 29,565

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 37,857 29,165
SHAREHOLDERS' FUNDS 38,257 29,565

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
Isambard Limited (Registered number: 09240841)

Statement of Financial Position - continued
30 September 2017


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 29 June 2018 and were signed on its behalf by:





R A Landen - Director


The notes form part of these financial statements

Page 3
Isambard Limited (Registered number: 09240841)

Notes to the Financial Statements
for the Year Ended 30 September 2017

1. STATUTORY INFORMATION

Isambard 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There were no material departures from that standard.

This is the first year which the financial statements have been prepared under FRS102.

Turnover
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of
VAT.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off
the cost of tangible fixed assets over their expected useful lives as follows:

Plant & machinery - 20% on cost
Motor vehicles - 33% reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 taxation is provided on the liability method to take account of timing differences between the treatment of
certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its employees. Contributions payable are
charged to profit and loss in the period to which they relate.

Page 4 continued...
Isambard Limited (Registered number: 09240841)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

2. ACCOUNTING POLICIES - continued

Exemption from group accounts
The company is exempt from preparing group accounts by virtue of being a small group.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 October 2016
and 30 September 2017 10,281
DEPRECIATION
At 1 October 2016 4,560
Charge for year 1,888
At 30 September 2017 6,448
NET BOOK VALUE
At 30 September 2017 3,833
At 30 September 2016 5,721

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2016
and 30 September 2017 10,100
NET BOOK VALUE
At 30 September 2017 10,100
At 30 September 2016 10,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade debtors - 1,200
Other debtors - 175,094
VAT 22,898 4,277
22,898 180,571

Page 5 continued...
Isambard Limited (Registered number: 09240841)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2017

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.17 30.9.16
£    £   
Trade creditors - 63,984
Tax 2,497 6,152
Other creditors 2,520 114,200
Directors' current accounts 16,445 16,712
Accrued expenses 21,020 11,332
42,482 212,380

8. RELATED PARTY DISCLOSURES

The amount outstanding at the year end to Mr R Landen is £16,445 (2016 - £16,712).

9. TRANSITION TO FRS 102 1A

The company transitioned to FRS 102 1A from FRSSE as at 1st October 2016.

There was no impact from the transition to FRS 102 1A.

Page 6
Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Isambard Limited

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 Report of the
Directors 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 Isambard Limited for the year ended 30 September 2017 which comprise the Income Statement, Other
Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Isambard Limited, 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 Isambard Limited and state those matters that we have agreed to state to the Board of Directors of Isambard Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Isambard Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Isambard Limited 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 Isambard Limited. You consider that Isambard Limited 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 Isambard 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 statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


29 June 2018

This page does not form part of the statutory financial statements

Page 7