Independent Consultants Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04380773 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Independent Consultants Group Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M T Lyons

Ms T Hadfield

Ms C L Labrum

SECRETARY:

M T Lyons

REGISTERED OFFICE:

6 Genesis Business Centre

Redkiln Way

Horsham

West Sussex

RH13 5QH

REGISTERED NUMBER:

04380773 (England and Wales)

ACCOUNTANTS:

phsk

6 Genesis Business Centre

Redkiln Way

Horsham

Sussex

RH13 5QH

FIXED ASSETS

Intangible assets

4

3,969

2,703

Tangible assets

5

483

-

4,452

2,703

CURRENT ASSETS

Debtors

6

392

120

Cash at bank

14,051

22,134

14,443

22,254

CREDITORS

Amounts falling due within one year

7

4,405

13,369

NET CURRENT ASSETS

10,038

8,885

TOTAL ASSETS LESS CURRENT LIABILITIES

14,490

11,588

RESERVES

Income and expenditure account

14,490

11,588

14,490

11,588

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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 24 August 2018 and were signed on its behalf by:

M T Lyons - Director

1.	STATUTORY INFORMATION

Independent Consultants Group Limited is a private company, limited by guarantee ,

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.

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.

Computer software is being amortised evenly over its estimated useful life of five years.

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

-

20% on cost

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.	EMPLOYEES AND DIRECTORS

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

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2017

3,500

Additions

2,000

At 31 March 2018

5,500

AMORTISATION

At 1 April 2017

797

Charge for year

734

At 31 March 2018

1,531

NET BOOK VALUE

At 31 March 2018

3,969

At 31 March 2017

2,703

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

500

At 31 March 2018

500

DEPRECIATION

Charge for year

17

At 31 March 2018

17

NET BOOK VALUE

At 31 March 2018

483

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

-

120

Other debtors

392

-

392

120

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade creditors

-

1

Taxation and social security

-

963

Other creditors

4,405

12,405

4,405

13,369