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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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Information Business Quantum Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 December 2017 |
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for |
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Information Business Quantum Limited |
Information Business Quantum Limited (Registered number: 05184557) |
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Contents of the Financial Statements |
for the Year Ended 31 December 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Information Business Quantum Limited |
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Company Information |
for the Year Ended 31 December 2017 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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Information Business Quantum Limited (Registered number: 05184557) |
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Balance Sheet |
31 December 2017 |
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31.12.17 | 31.12.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges her 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. |
Information Business Quantum Limited (Registered number: 05184557) |
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Balance Sheet - continued |
31 December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
by: |
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Information Business Quantum Limited (Registered number: 05184557) |
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Notes to the Financial Statements |
for the Year Ended 31 December 2017 |
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1. | STATUTORY INFORMATION |
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Information Business Quantum Limited is a
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England and Wales. The company's registered number and registered office address can be |
found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Significant judgements and estimates |
In the preparation of the financial statements, management has made no judgements, |
estimates and assumptions that affect the amounts reported for assets and liabilities as at |
the balance sheet date and the amounts reported for revenues and expenses during the |
year. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Investments in subsidiaries |
Investments in subsidiaries recognised at cost less impairment. |
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Financial instruments |
Financial assets and financial liabilities are recognised in the company's statement of |
financial position when the company becomes a party to the contractual provisions of the |
instrument. |
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Financial assets and financial liabilities are initially measured at transaction price. |
Transaction costs that are directly attributable to the acquisition or issue of financial assets |
and financial liabilities (other than financial assets and financial liabilities at fair value through |
profit or loss) are added to or deducted from the transaction price of the financial assets or |
financial liabilities, as appropriate, on initial recognition. Transaction costs directly |
attributable to the acquisition of financial assets or financial liabilities at fair value through |
profit or loss are recognised immediately in profit or loss. |
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Trade and other receivables are initially measured at transaction price and are subsequently |
measured at amortised cost, using the effective interest rate method. |
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Trade and other payables are initially measured at transaction price and are subsequently |
measured at amortised cost, using the effective interest rate method. |
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Information Business Quantum Limited (Registered number: 05184557) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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2. | ACCOUNTING POLICIES - continued |
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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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. |
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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. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakin |
£ |
COST |
At 1 January 2017 |
and 31 December 2017 |
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NET BOOK VALUE |
At 31 December 2017 |
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At 31 December 2016 |
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Fixed asset investments are stated at cost less impairment. |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Information Business Quantum Limited (Registered number: 05184557) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 December 2017 |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.17 | 31.12.16 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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Included in amounts due to group undertakings is £12,186 (2016: £24,134 receivable) |
payable to Integration and Software Limited, a subsidiary undertaking of the company. That |
amount is interest free and payable on demand. |
The subsidiary received £31,250 of trade receivables and paid £67,570 of expenses on |
behalf of the company. |
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8. | ULTIMATE CONTROLLING PARTY |
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Details of the persons with significant control will be made available in a due course at the |
following link: |
https://beta.companieshouse.gov.uk/company/05184557/persons-with-significant-control. |