REGISTERED NUMBER: 05186215 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Iq Service and Maintenance Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

A J Cheeseman

Mrs M E Cheeseman

SECRETARY:

Mrs M E Cheeseman

REGISTERED OFFICE:

Milena House

Burlings Lane

Knockholt

Sevenoaks

Kent

TN14 7PE

REGISTERED NUMBER:

05186215 (England and Wales)

ACCOUNTANTS:

A4G Amherst Limited

1st Floor, Springbank House

13 Pembroke Road

Sevenoaks

Kent

TN13 1XR

FIXED ASSETS

Intangible assets

4

13,417

15,167

Tangible assets

5

2,564

4,472

15,981

19,639

CURRENT ASSETS

Stocks

12,562

13,330

Debtors

6

12,052

13,597

Prepayments and accrued income

1,373

1,630

Cash at bank

3,610

4,574

29,597

33,131

CREDITORS

Amounts falling due within one year

7

30,188

27,701

NET CURRENT (LIABILITIES)/ASSETS

(591

)

5,430

TOTAL ASSETS LESS CURRENT LIABILITIES

15,390

25,069

PROVISIONS FOR LIABILITIES

513

669

NET ASSETS

14,877

24,400

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

14,776

24,299

SHAREHOLDERS' FUNDS

14,877

24,400

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 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 Board of Directors on 21 December 2017 and were signed on its behalf by:

A J Cheeseman - Director

1.	STATUTORY INFORMATION

Iq Service and Maintenance Ltd 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

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

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in

bringing stocks to their present location and condition.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

35,000

AMORTISATION

At 1 April 2016

19,833

Charge for year

1,750

At 31 March 2017

21,583

NET BOOK VALUE

At 31 March 2017

13,417

At 31 March 2016

15,167

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2016

27,081

Additions

2,197

Disposals

(24,283

)

At 31 March 2017

4,995

DEPRECIATION

At 1 April 2016

22,609

Charge for year

121

Eliminated on disposal

(20,299

)

At 31 March 2017

2,431

NET BOOK VALUE

At 31 March 2017

2,564

At 31 March 2016

4,472

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

11,546

12,516

Other debtors

506

1,081

12,052

13,597

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Hire purchase contracts

-

552

Trade creditors

24,578

21,750

Taxation and social security

2,183

2,244

Other creditors

3,427

3,155

30,188

27,701

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £9,799 (2016 - £8,037) were paid to the directors .

A J Cheeseman and M E Cheeseman, two directors of the company, control the company by virtue of their

respective shareholdings of 51% and 49% of the issued share capital.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

A4G Amherst Limited

1st Floor, Springbank House

13 Pembroke Road

Sevenoaks

Kent

TN13 1XR

21 December 2017