Acorah Software Products - Accounts Production 7.0.012 false Jeremy Fernandez true 1 January 2018 31 December 2018 31 December 2018 09844960 Mr Jeremy Fernandez iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09844960 2017-12-31 09844960 2018-12-31 09844960 2018-01-01 2018-12-31 09844960 frs-core:CurrentFinancialInstruments 2018-12-31 09844960 frs-core:CurrentFinancialInstruments 2018-01-01 2018-12-31 09844960 frs-core:Non-currentFinancialInstruments 2018-12-31 09844960 frs-core:Non-currentFinancialInstruments 2018-01-01 2018-12-31 09844960 frs-core:CurrentFinancialInstruments 2018-01-01 2018-12-31 09844960 frs-core:CurrentFinancialInstruments 2018-12-31 09844960 frs-core:AfterOneYear 2018-01-01 2018-12-31 09844960 frs-core:BetweenOneFiveYears 2018-01-01 2018-12-31 09844960 frs-core:BetweenOneFiveYears 2018-12-31 09844960 frs-core:ComputerEquipment 2018-12-31 09844960 frs-core:ComputerEquipment 2018-01-01 2018-12-31 09844960 frs-core:ComputerEquipment 2017-12-31 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Registered number: 09844960
iCommunicate Limited
Unaudited Financial Statements
For The Year Ended 31 December 2018
Panthera Limited

Chartered Management Accountants

144a Broadway
Didcot
OX11 8RJ
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Balance Sheet
Registered number: 09844960
2018 2017
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 78 404
78 404
CURRENT ASSETS
Debtors 5 266 980
Cash at bank and in hand 80 2,044
346 3,024
Creditors: Amounts Falling Due Within One Year 6 (883 ) (3,293 )
NET CURRENT ASSETS (LIABILITIES) (537 ) (269 )
TOTAL ASSETS LESS CURRENT LIABILITIES (459 ) 135
NET ASSETS (459 ) 135
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (559 ) 35
SHAREHOLDERS' FUNDS (459) 135
Page 1
For the year ending 31 December 2018 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 in accordance with section 476 of the Companies Act 2006.
  • The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
  • The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Jeremy Fernandez
29/01/2019

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3. 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 of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% Straight line
Computer Equipment 33.3% straight line
1.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
Page 3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 January 2018 314 865 1,179
As at 31 December 2018 314 865 1,179
Depreciation
As at 1 January 2018 157 618 775
Provided during the period 79 247 326
As at 31 December 2018 236 865 1,101
Net Book Value
As at 31 December 2018 78 - 78
As at 1 January 2018 157 247 404
5. Debtors
2018 2017
£ £
Due within one year
Director's loan account 266 980
266 980
6. Creditors: Amounts Falling Due Within One Year
2018 2017
£ £
Trade creditors - 164
Corporation tax - 1,941
VAT - 573
Accruals and deferred income 883 615
883 3,293
Page 4
7. Share Capital
2018 2017
Allotted, Called up and fully paid 100 100
Value Number 2018 2017
Allotted, called up and fully paid £ £ £
Ordinary shares 1 100 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Jeremy Fernandez by virtue of his ownership of 100% of the issued share capital in the company.
9. General Information
iCommunicate Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09844960. The registered office is 10 Linden Crescent, Grove, Wantage, OX12 7NB.
Page 5