Interface Communication Solutions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03420490 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2020

for

Interface Communication Solutions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountants

6

DIRECTOR:

J P Hollands

SECRETARY:

P Hollands

REGISTERED OFFICE:

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

REGISTERED NUMBER:

03420490 (England and Wales)

ACCOUNTANTS:

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

FIXED ASSETS

Tangible assets

4

3,095

4,126

CURRENT ASSETS

Debtors

5

69,563

127,767

Cash at bank

78,816

184,934

148,379

312,701

CREDITORS

Amounts falling due within one year

6

61,942

119,358

NET CURRENT ASSETS

86,437

193,343

TOTAL ASSETS LESS CURRENT LIABILITIES

89,532

197,469

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

7

89,431

197,368

SHAREHOLDERS' FUNDS

89,532

197,469

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 September 2020 and were signed by:

J P Hollands - Director

1.	STATUTORY INFORMATION

Interface Communication Solutions 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 9 (2019 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 September 2019

and 31 August 2020

2,173

10,026

12,199

DEPRECIATION

At 1 September 2019

1,463

6,610

8,073

Charge for year

177

854

1,031

At 31 August 2020

1,640

7,464

9,104

NET BOOK VALUE

At 31 August 2020

533

2,562

3,095

At 31 August 2019

710

3,416

4,126

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade debtors

69,563

127,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade creditors

-

9,180

Taxation

17,075

59,542

Social security and other taxes

43,267

49,036

Accrued expenses

1,600

1,600

61,942

119,358

7.

RESERVES

Retained

earnings

£

At 1 September 2019

197,368

Profit for the year

63,063

Dividends

(171,000

)

At 31 August 2020

89,431

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £85,500 (2019 - £178,000) were paid to the directors .

9.	POST BALANCE SHEET EVENTS

The director has considered the effects of the Covid-19 pandemic on the business and does not consider the

financial implications to be material. As such no adjustments have been made to these financial statements.

10.	GOING CONCERN

Although the world has been affected by the effects of an unprecedented pandemic, namely the Covid-19 virus,

the director feels that the company has not been significantly adversely affected. The company has not

experienced a long term downturn in income as a result of the virus and the director is of the opinion that the

company will be able to continue in operation for at least the next 12 months and that the accounts should be

prepared on a going concern basis.

The following reproduces the text of the report prepared for the director 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 Director 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 August 2020 set out on pages three to seven 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.

Lawrence & Company

Chartered Certified Accountants

26 Bell Street

Sawbridgeworth

Hertfordshire

CM21 9AN

4 September 2020