|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORT OF THE DIRECTOR AND |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
|
FOR |
|
IMMIGRATION ADVICE SERVICE LTD |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
REPORT OF THE DIRECTOR AND |
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2017 |
|
FOR |
|
IMMIGRATION ADVICE SERVICE LTD |
IMMIGRATION ADVICE SERVICE LTD (REGISTERED NUMBER: 07700587) |
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Report of the Director | 2 |
|
Balance Sheet | 3 |
|
Notes to the Financial Statements | 4 |
|
IMMIGRATION ADVICE SERVICE LTD |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
5th Floor |
The Margolis Building |
37 Turner Street |
Manchester |
M4 1DW |
IMMIGRATION ADVICE SERVICE LTD (REGISTERED NUMBER: 07700587) |
|
REPORT OF THE DIRECTOR |
FOR THE YEAR ENDED 31 JULY 2017 |
|
|
The director presents his report with the financial statements of the company for the year ended 31 July 2017. |
|
PRINCIPAL ACTIVITY |
The principal activity of the company in the year under review was that of the provision of immigration advice and representation to |
individuals and organisations. |
|
REVIEW OF BUSINESS |
Sales turnover in the year to 31 July 2017 was £2.3m compared with £1.6m for the previous year. This growth in revenue continues a |
year on year trend, reflecting the continued demand for the company's services in the aftermath of the Brexit vote in June 2016. The |
increased demand in turn has led to an increase in the number of both caseworkers and support staff (49 employees in July 2017 |
compared to 37 employees in July 2016). |
A significant development in the year is the acquisition of a building in Oldham to house the head office of the business. Work was |
carried out on the building during the accounting year. This, as well as costs attributed to the growth of the company, increased |
expenditure in the accounts and hence a reduction in the profits of the business for the year. |
|
The company moved into its new head office building in September 2017 and now has the space for further expansion of services |
and staff to enable the company to achieve its growth objectives. The company has also completely redesigned its website to enable it |
to offer potential clients a user-friendly introduction to the company and its services and early indications are that the website is now |
having more visitors. |
Additionally, the company has been successful in its bid for the renewal of its legal aid contract with the Legal Aid Board |
commencing in September 2018. IAS has been awarded new contracts in Newcastle, Bristol and Derby and additional contracts in |
detention work. This is a significant increase in the company's potential workload and will have an impact on the structure of the |
business in the coming years. All these factors contribute to a very positive future for IAS. |
|
DIRECTOR |
|
|
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
|
ON BEHALF OF THE BOARD: |
|
|
|
|
|
|
|
|
|
IMMIGRATION ADVICE SERVICE LTD (REGISTERED NUMBER: 07700587) |
|
BALANCE SHEET |
31 JULY 2017 |
|
31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Stocks |
|
|
Debtors | 5 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) |
|
|
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Retained earnings |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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. |
|
|
|
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 on
|
|
|
|
|
|
|
|
IMMIGRATION ADVICE SERVICE LTD (REGISTERED NUMBER: 07700587) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2017 |
|
|
1. | STATUTORY INFORMATION |
|
Immigration Advice Service Limited is a private company, limited by shares, registered in England and Wales. The |
company's registered number is 07700587 and the registered office address is Ashwood House, Ellen Street, Oldham, |
England, OL9 6Q. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102. The |
date of transition is 1 August 2016. |
|
The transition has resulted in a small number of changes in accounting policies to those previously used. |
|
The accounts have been prepared in accordance with FRS 102. There were no material departures from that standard. |
|
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 |
|
Fixtures, fittings & equipment | - |
|
|
Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
|
Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing |
stocks to their present location and condition. |
|
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. |
|
Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
|
|
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
|
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. |
IMMIGRATION ADVICE SERVICE LTD (REGISTERED NUMBER: 07700587) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
|
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | TANGIBLE FIXED ASSETS |
Freehold | Fixtures, |
property | fittings |
& land | & equipment | Totals |
£ | £ | £ |
COST |
At 1 August 2016 |
|
|
|
Additions |
|
|
|
At 31 July 2017 |
|
|
|
DEPRECIATION |
At 1 August 2016 |
|
|
|
Charge for year |
|
|
|
At 31 July 2017 |
|
|
|
NET BOOK VALUE |
At 31 July 2017 |
|
|
|
At 31 July 2016 |
|
|
|
|
Included in cost of land and buildings is freehold land of £ 535,156 (2016 - £ 0 ) which is not depreciated. |
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Other debtors |
|
|
VAT |
|
|
Prepayments and accrued income |
|
|
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Bank loans |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 409,018 | - |
IMMIGRATION ADVICE SERVICE LTD (REGISTERED NUMBER: 07700587) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2017 |
|
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.17 | 31.7.16 |
value: | £ | £ |
|
Ordinary | £1 | 100 | 100 |