IPSUM Commercial Limited - Period Ending 2016-12-31
IPSUM Commercial Limited - Period Ending 2016-12-31
Registration number:
IPSUM Commercial Limited
for the Period from 15 April 2016 to 31 December 2016
IPSUM Commercial Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Financial Statements |
IPSUM Commercial Limited
Company Information
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Director |
C J Thornton Dees |
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Registered office |
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Bankers |
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Accountants |
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Page 1 |
Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
IPSUM Commercial Limited
for the Period Ended 31 December 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IPSUM Commercial Limited for the period ended 31 December 2016 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made solely to the Board of Directors of IPSUM Commercial Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of IPSUM Commercial Limited and state those matters that we have agreed to state to the Board of Directors of IPSUM Commercial Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IPSUM Commercial Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IPSUM Commercial Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of IPSUM Commercial Limited. You consider that IPSUM Commercial Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of IPSUM Commercial Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Millennium Way
Pride Park
Derby
DE24 8HG
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Page 2 |
IPSUM Commercial Limited
(Registration number: 10126055)
Balance Sheet as at 31 December 2016
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Note |
2016 |
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Current assets |
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Cash at bank and in hand |
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Capital and reserves |
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Called up share capital |
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Total equity |
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For the financial period ending 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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C J Thornton Dees
Director
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Page 3 |
IPSUM Commercial Limited
Notes to the Financial Statements for the Period from 15 April 2016 to 31 December 2016
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General information |
The company is a private company limited by share capital incorporated in England.
The address of the registered office is given in the company information on page 1 of the financial statements.
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements are presented in Sterling (£) and rounded to the nearest £1.
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Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
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Share capital |
Allotted, called up and fully paid shares
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31 December 2016 |
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No. |
£ |
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100 |
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Parent and ultimate parent undertaking |
The company's immediate parent is
The smallest and largest group in which the results of the company are consolidated is that headed by IPSUM Holdings Limited, a company incorporated in England. These financial statements are available upon request from Companies House, Crown Way, Maindy, Cardiff, CF14 3UZ.
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Page 4 |
IPSUM Commercial Limited
Notes to the Financial Statements for the Period from 15 April 2016 to 31 December 2016
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Transition to FRS 102 |
The company did not present financial statements for previous periods.
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Page 5 |