I & S Holdings Limited - Accounts to registrar (filleted) - small 18.2
I & S Holdings Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| I & S HOLDINGS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| I & S HOLDINGS LIMITED (REGISTERED NUMBER: 06725290) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| I & S HOLDINGS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Elfed House |
| Oak Tree Court |
| Cardiff Gate Business Park |
| CARDIFF |
| County of Cardiff |
| CF23 8RS |
| I & S HOLDINGS LIMITED (REGISTERED NUMBER: 06725290) |
| BALANCE SHEET |
| 31 OCTOBER 2019 |
| 2019 | 2018 |
| Notes | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved for issue by the Board of Directors and authorised for issue on and were signed on its behalf by: |
| I & S HOLDINGS LIMITED (REGISTERED NUMBER: 06725290) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 1. | STATUTORY INFORMATION |
| I & S Holdings Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The significant accounting policies applied in the presentation of these financial statements are set out below. |
| These policies have been consistently applied to all years presented unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The company has early adopted the 'Triennial review 2017 amendments'. |
| There have been no material departures from Financial Reporting Standard 102 1A. |
| Going concern |
| At 31 October 2019 there were net current liabilities of £228,230 (2018: £228,230). The directors consider the |
| going concern basis adopted for these financial statements to be appropriate, given the continued support of |
| group undertakings and the directors themselves. |
| The directors are satisfied that despite the Coronavirus pandemic, it is appropriate for the company's financial |
| statements to be prepared on a going concern basis. The pandemic has resulted in a number of uncertainties |
| arising and the directors have taken steps to minimise the effect on the company and will continue to do so. In |
| the circumstances they have concluded that no adjustments are required to the financial statements at this time. |
| Preparation of consolidated financial statements |
| The financial statements contain information about I & S Holdings Limited as an individual company and do not |
| contain consolidated financial information as the parent of a group. The company is exempt under Section |
| 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
| Investments in subsidiaries |
| Investments in subsidiaries are stated at cost. Provision is made, where necessary, for any permanent |
| diminution in value. |
| Current tax |
| Current tax represents the amounts expected to be paid or recovered in respect of taxable profits for the year |
| and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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. |
| Financial instruments |
| Basic financial instruments are recognised at amortised cost. |
| I & S HOLDINGS LIMITED (REGISTERED NUMBER: 06725290) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 OCTOBER 2019 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2018 - NIL). |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 November 2018 |
| and 31 October 2019 |
| NET BOOK VALUE |
| At 31 October 2019 |
| At 31 October 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Amounts owed to group undertakings |
| Directors' current accounts |