IMCDHP_LTD - Accounts

IMCDHP LTD - Company Information

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Company Registration No. SC448154 (Scotland)

IMCDHP LTD

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2014

IMCDHP LTD

COMPANY INFORMATION

Director

Mr I McDade

(Appointed 22 April 2013)

Company number

SC448154

Registered office

52 Hamilton Drive

Erksine

Scotland

PA8 6DA

Accountants

Blackwell Bate Limited

122 Fore Street

Saltash

Cornwall

PL12 6JW

Business address

52 Hamilton Drive

Erksine

Scotland

PA8 6DA

IMCDHP LTD

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

5 - 7

IMCDHP LTD

DIRECTOR'S REPORT

FOR THE PERIOD ENDED 30 APRIL 2014

- 1 -

The director presents his report and financial statements for the Period ended 30 April 2014.

Principal activities

The company was incorporated on 22nd April 2013 but did not commence trading until 27th May 2013. Since that time the principal activity of the company has been that of the provision of services to the nuclear industry.

Director

The following director has held office since 22 April 2013:

Mr I McDade

(Appointed 22 April 2013)

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr I McDade

Director

6 January 2015

IMCDHP LTD

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IMCDHP LTD FOR THE PERIOD ENDED 30 APRIL 2014

- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IMCDHP Ltd for the Period ended 30 April 2014 set out on pages 3 to 7 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of IMCDHP Ltd, as a body, in accordance with the terms of our engagement letter dated 28 May 2013. Our work has been undertaken solely to prepare for your approval the financial statements of IMCDHP Ltd and state those matters that we have agreed to state to the Board of Directors of IMCDHP Ltd, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IMCDHP Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that IMCDHP Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IMCDHP Ltd. You consider that IMCDHP Ltd is exempt from the statutory audit requirement for the Period.

We have not been instructed to carry out an audit or a review of the financial statements of IMCDHP Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Blackwell Bate Limited

19 January 2015

Chartered Accountants

122 Fore Street

Saltash

Cornwall

PL12 6JW

IMCDHP LTD

PROFIT AND LOSS ACCOUNT

FOR THE PERIOD ENDED 30 APRIL 2014

- 3 -

Period

ended

30 April

2014

Notes

Turnover

29,679

Administrative expenses

(19,053)

Other operating income

2,018

Operating profit

12,644

Other interest receivable and similar income

Profit on ordinary activities before taxation

12,646

Tax on profit on ordinary activities

(2,463)

Profit for the Period

10,183

IMCDHP LTD

BALANCE SHEET

AS AT

30 APRIL 2014

- 4 -

2014

Notes

Fixed assets

Tangible assets

333

Current assets

Debtors

2,841

Cash at bank and in hand

1,034

3,875

Creditors: amounts falling due within one year

(3,797)

Net current assets

Total assets less current liabilities

411

Capital and reserves

Called up share capital

Profit and loss account

410

Shareholder's funds

411

For the financial Period ended 30 April 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board for issue on 6 January 2015

Mr I McDade

Director

Company Registration No. SC448154

IMCDHP LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 APRIL 2014

- 5 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

3 year straight line basis

Operating profit

2014

Operating profit is stated after charging:

Depreciation of tangible assets

167

Director's remuneration

9,800

Investment income

2014

Bank interest

Taxation

2014

Domestic current year tax

U.K. corporation tax

2,463

Total current tax

2,463

Dividends

2014

Ordinary final paid

9,773

IMCDHP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 30 APRIL 2014

- 6 -

Tangible fixed assets

Plant and machinery etc

Cost

At 22 April 2013

Additions

500

At 30 April 2014

500

Depreciation

At 22 April 2013

Charge for the Period

167

At 30 April 2014

167

Net book value

At 30 April 2014

333

Debtors

2014

Trade debtors

1,303

Other debtors

1,538

2,841

Creditors: amounts falling due within one year

2014

Taxation and social security

3,797

Share capital

2014

Allotted, called up and fully paid

1 Ordinary share of £1 each

IMCDHP LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE PERIOD ENDED 30 APRIL 2014

- 7 -

Statement of movements on profit and loss account

Profit
and loss
account

Profit for the period

10,183

Dividends paid

(9,773)

Balance at 30 April 2014

410

Control

Throughout the period ending 30th April 2014, the company has been under the control of the sole director, Mr I McDade due to his directorship and shareholding. Mr I McDade owns the entire issued capital of the company and is such is beneficially entitled to all dividends declared and paid by the company.

Related party relationships and transactions

Transactions in relation to loans with directors during the Period are outlined in the table below:

Description

% Rate

Opening Balance

Amounts Advanced

Interest Charged

Amounts Repaid

Closing Balance

Directors Loan Ac

28,289

27,059

1,230

28,289

27,059

1,230

The following directors were paid dividends during the Period as outlined in the table below:

2014

Mr I McDade

9,773

At the period end of 30th April 2014, the director, Mr I McDade owed the company £1,230.