Inter-County Communications Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04536971 (England and Wales)

Financial Statements

for the Year Ended 30th September 2018

for

INTER-COUNTY COMMUNICATIONS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C J Wall

Mrs J Wall

SECRETARY:

Mrs J Wall

REGISTERED OFFICE:

Unit 12, Newton Court

Pendeford Business Park

Wobaston Road

Wolverhampton

Staffordshire

WV9 5HB

REGISTERED NUMBER:

04536971 (England and Wales)

ACCOUNTANTS:

Whittles LLP

Chartered Accountants

1 Richmond Road

St Annes on Sea

Lancashire

FY8 1PE

FIXED ASSETS

Tangible assets

4

10,189

4,478

CURRENT ASSETS

Debtors

5

51,083

52,017

Cash at bank and in hand

92,779

174,505

143,862

226,522

CREDITORS

Amounts falling due within one year

6

101,436

128,440

NET CURRENT ASSETS

42,426

98,082

TOTAL ASSETS LESS CURRENT LIABILITIES

52,615

102,560

PROVISIONS FOR LIABILITIES

1,745

618

NET ASSETS

50,870

101,942

CAPITAL AND RESERVES

Called up share capital

199

199

Retained earnings

50,671

101,743

SHAREHOLDERS' FUNDS

50,870

101,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 7th November 2018 and were signed on its behalf by:

C J Wall - Director

1.	STATUTORY INFORMATION

Inter-County Communications 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 16 (2017 - 17 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1st October 2017

2,687

15,258

45,664

63,609

Additions

-

-

7,612

7,612

At 30th September 2018

2,687

15,258

53,276

71,221

DEPRECIATION

At 1st October 2017

2,687

14,237

42,207

59,131

Charge for year

-

204

1,697

1,901

At 30th September 2018

2,687

14,441

43,904

61,032

NET BOOK VALUE

At 30th September 2018

-

817

9,372

10,189

At 30th September 2017

-

1,021

3,457

4,478

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st October 2017

and 30th September 2018

2,687

17,506

20,193

DEPRECIATION

At 1st October 2017

and 30th September 2018

2,687

17,506

20,193

NET BOOK VALUE

At 30th September 2018

-

-

-

At 30th September 2017

-

-

-

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Other debtors

51,083

52,017

Included in other debtors is accrued income of £50,000 (2017: £45,317).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.18

30.9.17

£

£

Trade creditors

-

15,566

Taxation and social security

92,492

100,933

Other creditors

8,944

11,941

101,436

128,440

7.	RELATED PARTY DISCLOSURES

8.	ULTIMATE CONTROLLING PARTY