REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 |
|
FOR |
|
IFIEN LIMITED |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019 |
|
FOR |
|
IFIEN LIMITED |
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2019 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
IFIEN LIMITED |
|
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 AUGUST 2019 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
Chartered Certified Accountants |
21 Stafford Road |
Croydon |
Surrey |
CR0 4NG |
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
BALANCE SHEET |
31 AUGUST 2019 |
|
31/8/19 | 31/8/18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
|
|
|
CURRENT ASSETS |
Debtors | 5 |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 6 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
7 |
|
|
NET LIABILITIES | ( |
) | ( |
) |
|
CAPITAL AND RESERVES |
Called up share capital | 8 |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
The directors acknowledge their 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. |
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
BALANCE SHEET - continued |
31 AUGUST 2019 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
and were signed on its behalf by: |
|
|
|
|
|
|
|
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 AUGUST 2019 |
|
1. | STATUTORY INFORMATION |
|
IFIEN Limited is a
|
company's registered number and registered office address can be found on the Company Information |
page. |
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
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 |
|
|
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. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was NIL (2018 - NIL). |
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2019 |
|
4. | TANGIBLE FIXED ASSETS |
Land and |
buildings |
£ |
COST |
At 1 September 2018 |
and 31 August 2019 |
|
NET BOOK VALUE |
At 31 August 2019 |
|
At 31 August 2018 |
|
|
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/8/19 | 31/8/18 |
£ | £ |
Intercompany - H&S | 295,851 | 99,767 |
Directors' current accounts | 25,483 | - |
|
|
|
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/8/19 | 31/8/18 |
£ | £ |
Trade creditors |
|
|
Other creditors |
|
|
|
|
|
7. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
31/8/19 | 31/8/18 |
£ | £ |
Bank loans |
|
|
|
Amounts falling due in more than five years: |
|
Repayable by instalments |
Bank loans more 5 yr by instal | 800,000 | 378,215 |
|
8. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/8/19 | 31/8/18 |
value: | £ | £ |
|
Ordinary | £1 | 2 | 2 |
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2019 |
|
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
The following advances and credits to directors subsisted during the year ended 31 August 2019 and |
the period ended 31 August 2018: |
|
31/8/19 | 31/8/18 |
£ | £ |
|
Balance outstanding at start of year | ( |
) |
|
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
|
|
Balance outstanding at start of year | ( |
) |
|
Amounts advanced |
|
|
Amounts repaid |
|
( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
|
( |
) |
|
The loan provided by the company for Mr & Mrs Barry was interest free and was repaid in full after the |
year end. |
|
10. | RELATED PARTY DISCLOSURES |
|
H&S Buildings Limited |
|
A company in which all 4 Directors are also a director. |
|
|
31/8/19 | 31/8/18 |
£ | £ |
Amount due from related party at the balance sheet date | 295,851 | 99,767 |
|
Eley Quantity Surveying Limited |
|
A company in which Mr S Eley & Mrs H Eley are shareholders in |
|
|
31/8/19 | 31/8/18 |
£ | £ |
Amount due to related party at the balance sheet date | 336,005 | 215,328 |
|
Eley Services Limited |
|
A company in which Mr S Eley & Mrs H Eley are shareholders in |
|
|
31/8/19 | 31/8/18 |
£ | £ |
Amount due to related party at the balance sheet date | 4,460 | 4,460 |
IFIEN LIMITED (REGISTERED NUMBER: 10918291) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 AUGUST 2019 |
|
10. | RELATED PARTY DISCLOSURES - continued |
|
Flemish Brickwork Limited |
|
A company in which Mr C Barry & Mrs S Barry are shareholders in |
|
|
31/8/19 | 31/8/18 |
£ | £ |
Amount due to related party at the balance sheet date | 12,200 | 12,200 |