Company Registration No. 02393007 (England and Wales)
ICS (1989) LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
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 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
155,625
178,125
Tangible assets
2
50,807
47,590
206,432
225,715
Current assets
Stocks
23,183
156,701
Debtors
710,571
346,466
Cash at bank and in hand
492,126
405,962
1,225,880
909,129
Creditors: amounts falling due within one year
(950,142)
(778,256)
Net current assets
275,738
130,873
Total assets less current liabilities
482,170
356,588
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss account
481,170
355,588
Shareholders'  funds
482,170
356,588
For the financial year ended 30 September 2014 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 abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 2 April 2015
Mr J Gillborn
Director
Company Registration No. 02393007
ICS (1989) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 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% reducing balance
Plant and machinery
20% reducing balance
Computer equipment
15% reducing balance
Motor vehicles
25% reducing balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2013
225,000
213,413
438,413
Additions
-
18,235
18,235
Disposals
-
(23,410)
(23,410)
At 30 September 2014
225,000
208,238
433,238
Depreciation
At 1 October 2013
46,875
165,823
212,698
On disposals
-
(23,410)
(23,410)
Charge for the year
22,500
15,018
37,518
At 30 September 2014
69,375
157,431
226,806
Net book value
At 30 September 2014
155,625
50,807
206,432
At 30 September 2013
178,125
47,590
225,715
ICS (1989) LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 3 -
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
1,000 Ordinary of £1 each
1,000
1,000
2014-09-302013-10-01falsetruetruetruetruetruetmp1D.html2015-04-09023930072013-10-012014-09-30023930072014-09-30023930072013-09-30023930072013-09-3002393007uk-bus:Director12013-10-012014-09-3002393007uk-gaap:LandBuildings2013-10-012014-09-3002393007uk-gaap:PlantMachinery2013-10-012014-09-3002393007uk-gaap:ComputerEquipment2013-10-012014-09-3002393007uk-gaap:MotorVehicles2013-10-012014-09-3002393007uk-bus:OrdinaryShareClass12013-10-012014-09-3002393007uk-bus:OrdinaryShareClass12014-09-3002393007uk-bus:OrdinaryShareClass12013-09-30xbrli:purexbrli:sharesiso4217:GBP

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.