Ibex Consultants Ltd. - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02197965 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

IBEX CONSULTANTS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr G M Lauder

Mr P L James

SECRETARY:

Mr P L James

REGISTERED OFFICE:

31-33 College Road

Harrow

Middlesex

HA1 1EJ

REGISTERED NUMBER:

02197965 (England and Wales)

ACCOUNTANTS:

Sproull & Co.

Chartered Accountants

31-33 College Road

Harrow

Middlesex

HA1 1EJ

FIXED ASSETS

Tangible assets

4

14,875

18,857

CURRENT ASSETS

Debtors

5

863

9,203

Cash at bank

91,978

105,721

92,841

114,924

CREDITORS

Amounts falling due within one year

6

19,021

27,962

NET CURRENT ASSETS

73,820

86,962

TOTAL ASSETS LESS CURRENT LIABILITIES

88,695

105,819

CREDITORS

Amounts falling due after more than one year

7

-

969

NET ASSETS

88,695

104,850

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

88,595

104,750

SHAREHOLDERS' FUNDS

88,695

104,850

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 26th September 2018 and were signed on its behalf by:

Dr G M Lauder - Director

1.	STATUTORY INFORMATION

Ibex Consultants 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 represents net invoiced sales of services, excluding value added tax.

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

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pensions

The company contributes to the personal pension schemes of selected directors and employees. The assets of the

scheme are held independently of the company by an insurance company. The amount charged to the profit and

loss account is the contributions payable in the year.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2017

24,228

31,122

10,798

66,148

Additions

-

-

1,224

1,224

At 31st December 2017

24,228

31,122

12,022

67,372

DEPRECIATION

At 1st January 2017

23,992

13,615

9,684

47,291

Charge for year

79

4,377

750

5,206

At 31st December 2017

24,071

17,992

10,434

52,497

NET BOOK VALUE

At 31st December 2017

157

13,130

1,588

14,875

At 31st December 2016

236

17,507

1,114

18,857

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

-

7,198

Other debtors

863

2,005

863

9,203

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

969

5,631

Taxation and social security

5,579

11,890

Other creditors

12,473

10,441

19,021

27,962

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

969