Integrated Control Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02926232 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

INTEGRATED CONTROL SOLUTIONS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

9,712

12,079

Investments

5

1,980

11,692

14,059

CURRENT ASSETS

Stocks

19,950

65,884

Debtors

6

1,189,920

692,179

Cash at bank

2,090,774

1,399,034

3,300,644

2,157,097

CREDITORS

Amounts falling due within one year

7

1,374,469

1,151,371

NET CURRENT ASSETS

1,926,175

1,005,726

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,937,867

1,019,785

PROVISIONS FOR LIABILITIES

9

1,894

2,416

NET ASSETS

1,935,973

1,017,369

CAPITAL AND RESERVES

Called up share capital

10

1,990

Retained earnings

1,933,983

1,015,379

SHAREHOLDERS' FUNDS

1,935,973

1,017,369

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 27 June 2018 and were signed on its behalf by:

Mr S Parr - Director

1.	STATUTORY INFORMATION

Integrated Control Solutions Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address are as below:

Registered number:

02926232

Registered office:

Unit A17,Kenyon Court

Walter Leigh Road

Moss Industrial Estate

Leigh

Lancashire

WN7 3PT

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.

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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

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 15 (2016 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 October 2016

and 30 September 2017

18,900

48,758

21,902

89,560

DEPRECIATION

At 1 October 2016

11,817

46,269

19,395

77,481

Charge for year

1,416

324

627

2,367

At 30 September 2017

13,233

46,593

20,022

79,848

NET BOOK VALUE

At 30 September 2017

5,667

2,165

1,880

9,712

At 30 September 2016

7,083

2,489

2,507

12,079

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2016

and 30 September 2017

1,980

NET BOOK VALUE

At 30 September 2017

1,980

At 30 September 2016

1,980

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

Trade debtors

607,585

661,274

Other debtors

582,335

30,905

1,189,920

692,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.17

30.9.16

£

Trade creditors

458,404

492,915

Taxation and social security

392,233

132,974

Other creditors

523,832

525,482

1,374,469

1,151,371

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.17

30.9.16

£

Within one year

22,810

-

Between one and five years

27,687

124,714

50,497

124,714

9.	PROVISIONS FOR LIABILITIES

30.9.17

30.9.16

£

Deferred tax

Accelerated capital allowances

1,894

2,416

Deferred

tax

£

Balance at 1 October 2016

2,416

Credit to Income Statement during year

(522

)

Balance at 30 September 2017

1,894

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

£

1,980

Ordinary A

£1

1,980

4

Ordinary B

£1

4

Ordinary C

£1

4

1

Ordinary D

£1

1

Ordinary E

£1

1

1,990

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2017 and

30 September 2016:

30.9.17

30.9.16

£

Mr D Isaac and Mr S Parr

Balance outstanding at start of year

-

3,075

Amounts advanced

181,252

-

Amounts repaid

-

(3,075

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

181,252

-

The directors' advances were repaid in March 2018. Interest of 2.5% was charged on advances made.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr S Parr & Mr D Isaac.