| ICUMSA Limited |
| Registered number: |
09152519 |
| Balance Sheet |
| as at 31 December 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Current assets |
| Debtors |
2 |
|
8,701 |
|
|
7,218 |
| Cash at bank and in hand |
|
|
189,481 |
|
|
158,610 |
|
|
|
198,182 |
|
|
165,828 |
|
| Creditors: amounts falling due within one year |
3 |
|
(1,194) |
|
|
(1,080) |
|
| Net current assets |
|
|
|
196,988 |
|
|
164,748 |
|
| Net assets |
|
|
|
196,988 |
|
|
164,748 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Income and expenditure account |
|
|
|
196,988 |
|
|
164,748 |
|
| Accumulated Funds |
|
|
|
196,988 |
|
|
164,748 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| C J Shelton |
| Director |
| Approved by the board on 17 April 2018 |
|
| ICUMSA Limited |
| Notes to the Accounts |
| for the year ended 31 December 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents commission receivable for uniform methods of sugar analysis. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade debtors |
8,189 |
|
6,706 |
|
Other debtors |
512 |
|
512 |
|
|
|
|
|
|
8,701 |
|
7,218 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Other creditors |
1,194 |
|
1,080 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Other information |
|
|
ICUMSA Limited is a private company limited by guarantee and incorporated in England. Its registered office is: |
|
Provident House |
|
Burrell Row |
|
Beckenham |
|
Kent |
|
BR3 1AT |
