ILS Energy Investments Limited - Accounts to registrar (filleted) - small 18.2
ILS Energy Investments Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2018 |
for |
ILS ENERGY INVESTMENTS LIMITED |
ILS ENERGY INVESTMENTS LIMITED (REGISTERED NUMBER: 09419089) |
Contents of the Financial Statements |
for the year ended 28 February 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ILS ENERGY INVESTMENTS LIMITED |
Company Information |
for the year ended 28 February 2018 |
Director: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Northside House |
69 Tweedy Road |
Bromley |
Kent |
BR1 3WA |
ILS ENERGY INVESTMENTS LIMITED (REGISTERED NUMBER: 09419089) |
Balance Sheet |
28 February 2018 |
2018 | 2017 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investments | 3 |
Current assets |
Cash in hand |
Creditors |
Amounts falling due within one year | 4 |
Net current (liabilities)/assets | ( |
) |
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 Profit and Loss Account has not been delivered. |
The financial statements were approved by the director on |
ILS ENERGY INVESTMENTS LIMITED (REGISTERED NUMBER: 09419089) |
Notes to the Financial Statements |
for the year ended 28 February 2018 |
1. | Statutory information |
ILS Energy Investments Limited is a |
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 |
Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires |
management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
revenues and expenses during the reporting period. |
There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out |
by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as |
possible, there remains a risk that the policy does not match the useful life of the assets. |
There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out |
by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, |
there remains a risk that the provisions do not match the actual tax liability when asset is disposed off. |
There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is |
carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are |
as accurate as possible, there remains a risk that the provisions do not match the level of debts which |
ultimately prove to be uncollectable. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, |
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. |
ILS ENERGY INVESTMENTS LIMITED (REGISTERED NUMBER: 09419089) |
Notes to the Financial Statements - continued |
for the year ended 28 February 2018 |
3. | Fixed asset investments |
Other |
investments |
£ |
Cost |
Additions |
At 28 February 2018 |
Net book value |
At 28 February 2018 |
4. | Creditors: amounts falling due within one year |
2018 | 2017 |
£ | £ |
Other creditors |