Company Registration No. 02393007 (England and Wales)
ICS (1989) LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2013
ICS (1989) LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ICS (1989) LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2013
- 1 -
2013
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
178,125
122,500
Tangible assets
2
47,590
65,996
225,715
188,496
Current assets
Stocks
156,701
36,235
Debtors
346,466
300,778
Cash at bank and in hand
405,962
394,741
909,129
731,754
Creditors: amounts falling due within one year
(778,256)
(630,107)
Net current assets
130,873
101,647
Total assets less current liabilities
356,588
290,143
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
355,588
289,143
Shareholders' funds
356,588
290,143
For the financial year ended 30 September 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their 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 within Part 15 of the Companies Act 2006.
Approved by the Board for issue on 27 June 2014
Mr J Gillborn
Director
Company Registration No. 02393007
ICS (1989) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2013
- 2 -
1
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
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land 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:
Land and buildings Freehold
20% on reducing balance
Plant and machinery
20% reducing balance
Computer equipment
15% reducing balance
Motor vehicles
25% reducing balance
ICS (1989) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2013
- 3 -
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2012
150,000
226,348
376,348
Additions
75,000
-
75,000
Disposals
-
(12,935)
(12,935)
At 30 September 2013
225,000
213,413
438,413
Depreciation
At 1 October 2012
27,500
160,353
187,853
On disposals
-
(11,730)
(11,730)
Charge for the year
19,375
17,200
36,575
At 30 September 2013
46,875
165,823
212,698
Net book value
At 30 September 2013
178,125
47,590
225,715
At 30 September 2012
122,500
65,996
188,496
3
Share capital
2013
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000
2013-09-302012-10-01truetruetruefalsetruetruetmp5F.html2014-06-27023930072012-10-012013-09-30023930072013-09-30023930072012-09-30023930072012-09-3002393007uk-bus:Director12012-10-012013-09-3002393007uk-gaap:LandBuildings2012-10-012013-09-3002393007uk-gaap:PlantMachinery2012-10-012013-09-3002393007uk-gaap:ComputerEquipment2012-10-012013-09-3002393007uk-gaap:MotorVehicles2012-10-012013-09-3002393007uk-bus:OrdinaryShareClass12012-10-012013-09-3002393007uk-bus:OrdinaryShareClass12013-09-3002393007uk-bus:OrdinaryShareClass12012-09-3002393007uk-curr:PoundSterling2012-10-012013-09-30xbrli:purexbrli:sharesiso4217:GBP

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