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REGISTERED NUMBER:
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Inclusive Employers Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 January 2017 |
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REGISTERED NUMBER:
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Inclusive Employers Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 January 2017 |
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Inclusive Employers Limited (Registered number: 07337659) |
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Contents of the Financial Statements |
for the year ended 31 January 2017 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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Inclusive Employers Limited |
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Company Information |
for the year ended 31 January 2017 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
239-241 Kennington Lane |
London |
SE11 5QU |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Inclusive Employers Limited |
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The following reproduces the text of the report prepared for the directors and members 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 Statement of Financial Position. Readers are cautioned that the |
Abridged Statement of Comprehensive Income and certain other primary statements and the Report |
of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your |
approval the financial statements of Inclusive Employers Limited for the year ended 31 January 2017 which |
comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the |
company's accounting records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Inclusive Employers Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inclusive Employers Limited and state those matters that we have agreed to state to the Board of Directors of Inclusive Employers Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inclusive Employers Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Inclusive Employers Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inclusive Employers Limited. You consider that Inclusive Employers Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Inclusive Employers 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 financial statements. |
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Chartered Accountants |
239-241 Kennington Lane |
London |
SE11 5QU |
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Inclusive Employers Limited (Registered number: 07337659) |
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Statement of Financial Position |
31 January 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Property, plant and equipment | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 9 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Retained earnings | 11 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
Inclusive Employers Limited (Registered number: 07337659) |
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Statement of Financial Position - continued |
31 January 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 Board of Directors on
behalf by: |
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Inclusive Employers Limited (Registered number: 07337659) |
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Notes to the Financial Statements |
for the year ended 31 January 2017 |
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1. | STATUTORY INFORMATION |
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Inclusive Employers Limited is a
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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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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax and is derived from |
normal trading activities of the business. |
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Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are |
measured at cost less any accumulated amortisation and any accumulated impairment losses. |
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Trade mark registration costs |
Trade marks usually have an indefinite life and are therefore not amortised. |
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Tangible fixed assets |
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Plant and machinery | - |
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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. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
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COST |
At 1 February 2016 |
and 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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Inclusive Employers Limited (Registered number: 07337659) |
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Notes to the Financial Statements - continued |
for the year ended 31 January 2017 |
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5. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
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COST |
At 1 February 2016 |
and 31 January 2017 |
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DEPRECIATION |
At 1 February 2016 |
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Charge for year |
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At 31 January 2017 |
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NET BOOK VALUE |
At 31 January 2017 |
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At 31 January 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
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Prepayments |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts (see note 8) |
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Advance received |
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Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 22,115 | 18,482 |
Accrued expenses |
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8. | LOANS |
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An analysis of the maturity of loans is given below: |
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2017 | 2016 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
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Inclusive Employers Limited (Registered number: 07337659) |
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Notes to the Financial Statements - continued |
for the year ended 31 January 2017 |
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9. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 14 | 30 |
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Deferred |
tax |
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Balance at 1 February 2016 |
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Credit to Abridged Statement of Comprehensive Income during
year |
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Balance at 31 January 2017 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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11. | RESERVES |
Retained |
earnings |
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At 1 February 2016 |
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Profit for the year |
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Dividends | ( |
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At 31 January 2017 |
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12. | RELATED PARTY DISCLOSURES |
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During the year, total dividends of £89,800 were paid to the directors . |
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13. | ULTIMATE CONTROLLING PARTY |
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The company was controlled throughout the whole year by the director, Mr R McKenna, who owns |
56% of the company's issued share capital. |