Investors in Excellence Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06253828 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

INVESTORS IN EXCELLENCE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs J Hart

SECRETARY:

Mrs J Hart

REGISTERED OFFICE:

Empress House

43A Binley Road

Coventry

CV3 1HU

REGISTERED NUMBER:

06253828 (England and Wales)

ACCOUNTANTS:

Walker Thompson Ltd

Accountants and Registered Auditors

Empress House

43A Binley Road

Coventry

CV3 1HU

FIXED ASSETS

Tangible assets

4

719

1,793

CURRENT ASSETS

Debtors

5

12,840

5,073

Cash at bank

65,353

59,076

78,193

64,149

CREDITORS

Amounts falling due within one year

6

39,204

39,378

NET CURRENT ASSETS

38,989

24,771

TOTAL ASSETS LESS CURRENT LIABILITIES

39,708

26,564

PROVISIONS FOR LIABILITIES

137

359

NET ASSETS

39,571

26,205

CAPITAL AND RESERVES

Called up share capital

52

52

Capital redemption reserve

48

48

Retained earnings

39,471

26,105

SHAREHOLDERS' FUNDS

39,571

26,205

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 director acknowledges her 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 13 December 2018 and were signed by:

Mrs J Hart - Director

1.	STATUTORY INFORMATION

Investors in Excellence 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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. Turnover is recognised in the

accounting period in which the service is carried out.

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.

Grant income

Where the company receives grant assistance as income, it will determine whether such income is to be treated

as revenue or as a credit against profit and loss expenses or a contribution against asset costs. The company

will account for any grant income on a matching basis against the appropriate cost in the appropriate period

irrespective of the date of receipt.

Work in progress

The company will account for any work in progress un-invoiced at an accounting date by evaluating the cost of

services provided to a client including the cost of any expenses incurred on behalf of that client and an

appropriate proportion of fixed and variable overheads applicable to the work.

Research and development

If the company becomes engaged in Research & Development programmes, expenditure made will be written

off within the accounting period incurred.

Pension costs & post retirement benefits

The company recognises its obligations to provide access for employees to a Stakeholder Pension Scheme.

Company contributions made towards any pension scheme will be made under Stakeholder rules & will be

accounted for in the accounting period in which premiums are paid. All pension fund accounts are held

separately from company assets and liabilities and the company has no liability actual or contingent to provide

any post retirement staff benefits in addition to this.

Taxation

Corporation Tax will be calculated for each accounting period based upon the results of the company for such

period and will be provided as an accrual within the relevant balance sheet as a liability.

Deferred taxation will be recognised in respect of all timing differences that have originated but not reversed in

any accounting period

Tangible fixed assets

The company will capitalise any expenditure incurred in acquiring additional assets or improving existing assets

where the aggregate total of such expenditure exceeds the sum of £1000. Assets disposed of in an accounting

period will be accounted for by deduction from asset cost & any depreciation provided to the date of disposal.

Any surplus or deficit on disposal will be disclosed in the profit & loss account.

Depreciation will be provided at the following annual rates which are considered appropriate in order to write off

each asset over its estimated useful life.

Office Equipment Straight line over 3 years

Assets capitalised under a finance lease arrangement will be written off over the lease term if less than its useful

life.

Intangible assets

The company will capitalise any expenditure incurred in acquiring additional intangible assets or improving

existing assets where the aggregate total of such expenditure exceeds the sum of £1000. Assets disposed of in

an accounting period will be accounted for by deduction from asset cost & any amortisation provided to the date

of disposal. Any surplus or deficit on disposal will be disclosed in the profit & loss account.

Amortisation will be provided at the following annual rates which are considered appropriate in order to write off

each asset over its estimated useful life.

Computer software Straight line over 3 years

Hire purchase and leasing

If the company acquires assets under hire purchase contracts or finance leases these will be capitalised in the

balance sheet. Depreciation will be provided on the assets in accordance with the Fixed Asset Policy.

Any interest element of hire purchase or lease obligations will be charged to the profit and loss account over the

relevant period(s). The capital element representing the extent of future payments will be treated as a liability.

Rental payments made under operating lease agreements will be charged against the profit and loss account on

a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1 April 2017

and 31 March 2018

12,052

DEPRECIATION

At 1 April 2017

10,259

Charge for year

1,074

At 31 March 2018

11,333

NET BOOK VALUE

At 31 March 2018

719

At 31 March 2017

1,793

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

12,840

4,171

Other debtors

-

902

12,840

5,073

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

4,061

6,489

Taxation and social security

7,792

2,218

Other creditors

27,351

30,671

39,204

39,378