Interface Con-X Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 02110728 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

INTERFACE CON-X LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I R Casselden

M Love

Mrs H O'Shaughnessy

SECRETARY:

Mrs H O'Shaughnessy

REGISTERED OFFICE:

Unit 1

Highfield Business Park

Highfield Drive

Hastings

East Sussex

TN38 9UB

REGISTERED NUMBER:

02110728 (England and Wales)

ACCOUNTANTS:

OBC The Accountants Ltd

Chartered Accountants

2 Upperton Gardens

Eastbourne

East Sussex

BN21 2AH

FIXED ASSETS

Tangible assets

3

615

615

CURRENT ASSETS

Debtors

4

48,363

48,363

Cash at bank

548

548

48,911

48,911

CREDITORS

Amounts falling due within one year

5

600

600

NET CURRENT ASSETS

48,311

48,311

TOTAL ASSETS LESS CURRENT LIABILITIES

48,926

48,926

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

47,926

47,926

SHAREHOLDERS' FUNDS

48,926

48,926

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 21 June 2018 and were signed on its behalf by:

I R Casselden - Director

M Love - Director

1.	STATUTORY INFORMATION

Interface Con-X 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

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.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 March 2017

and 28 February 2018

765

3,109

3,874

DEPRECIATION

At 1 March 2017

and 28 February 2018

599

2,660

3,259

NET BOOK VALUE

At 28 February 2018

166

449

615

At 28 February 2017

166

449

615

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

48,363

48,363

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other creditors

600

600

The bank overdraft facility is secured by a debenture dated 2 December 1999.

6.	RELATED PARTY DISCLOSURES

Included within amounts owed by group undertakings are the following balances:

Interface Systems Limited

£17,003

Courtesy Call Limited

£30,760

7.	ULTIMATE PARENT COMPANY

The directors consider that the company's ultimate parent company is Interface Devices Limited , a

company incorporated in England and Wales which owns 100% of the shares of the company. The

company's ultimate parent company is exempt from the obligation to prepare group accounts under

section 248 of the Companies Act 1985.

8.	ULTIMATE CONTROLLING PARTY

Mr I R Casselden is a director of and the majority shareholder in Interface Devices Limited, the

company's parent company. Mr Casselden is considered to be the company's ultimate controlling

party.