I J Consultancy Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06907336 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2018

FOR

I J CONSULTANCY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

I R Bennyworth

SECRETARY:

Mrs J Bennyworth

REGISTERED OFFICE:

4 Jameson Keep

Heads Lane

Hessle

East Yorkshire

HU13 0GN

REGISTERED NUMBER:

06907336 (England and Wales)

ACCOUNTANTS:

Flemingate - Accountancy and Taxation

1 Village Courtyard

High Street

Holme on Spalding Moor

York

North Yorkshire

YO43 4AA

FIXED ASSETS

Intangible assets

4

5,500

6,000

Tangible assets

5

3,341

2,423

8,841

8,423

CURRENT ASSETS

Debtors

6

99,989

38,243

Cash at bank and in hand

38,083

22,366

138,072

60,609

CREDITORS

Amounts falling due within one year

7

32,063

26,291

NET CURRENT ASSETS

106,009

34,318

TOTAL ASSETS LESS CURRENT LIABILITIES

114,850

42,741

PROVISIONS FOR LIABILITIES

635

570

NET ASSETS

114,215

42,171

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

114,213

42,169

SHAREHOLDERS' FUNDS

114,215

42,171

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2018 in accordance with Section 476 of the Companies Act 2006.

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.

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 director on 10th October 2018 and were signed by:

I R Bennyworth - Director

1.	STATUTORY INFORMATION

I J Consultancy Services 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

15% 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st June 2017

and 31st May 2018

10,000

AMORTISATION

At 1st June 2017

4,000

Amortisation for year

500

At 31st May 2018

4,500

NET BOOK VALUE

At 31st May 2018

5,500

At 31st May 2017

6,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1st June 2017

1,740

3,986

5,726

Additions

-

1,507

1,507

At 31st May 2018

1,740

5,493

7,233

DEPRECIATION

At 1st June 2017

1,004

2,299

3,303

Charge for year

110

479

589

At 31st May 2018

1,114

2,778

3,892

NET BOOK VALUE

At 31st May 2018

626

2,715

3,341

At 31st May 2017

736

1,687

2,423

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Trade debtors

450

365

Directors' current accounts

99,539

37,878

99,989

38,243

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.18

31.5.17

£

£

Tax

32,063

26,291

8.	RELATED PARTY DISCLOSURES

During the period the company transacted with the director by way of an interest free loan account. The balance

owing by the director at the start of the year was £ 37,878 throughout the course of the period the director

introduced funds of £ 119,176 and withdrew amounts of £ 180,837. The balance owing by the director at the

balance sheet date was £ 99,539. The sum of £ 100,000 was paid back to the company in December 2018.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the director and company secretary who own 100% of the issued share capital.