REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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FOR |
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INDEPENDENT CAPITAL CORPORATION LIMITED |
REGISTERED NUMBER:
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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FOR |
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INDEPENDENT CAPITAL CORPORATION LIMITED |
INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
INDEPENDENT CAPITAL CORPORATION LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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BANKERS: |
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INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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ABBREVIATED BALANCE SHEET |
30 NOVEMBER 2015 |
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2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
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CREDITORS |
Amounts falling due after more than one
year |
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( |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital | 3 |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS | ( |
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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. |
INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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ABBREVIATED BALANCE SHEET - continued |
30 NOVEMBER 2015 |
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The financial statements were approved by the director on
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INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents the fees and commissions received from management and consultancy services. |
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Tangible fixed assets |
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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. No deferred tax was provided because of the insignificant timing difference on the interest receivable |
during the year. |
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Foreign currencies |
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at |
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange |
ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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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 the profit and loss account in the period to which they relate. |
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Going concern |
The Financial Statements have been prepared on a going concern basis, not withstanding that there is a |
deficiency of assets as at 30 November 2015 amounting to £200,400, the validity of which is dependent on the |
continued financial support of the directors and shareholder. On the basis, the directors consider that it is |
appropriate for the financial statements to be prepared on the going concern basis. |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2014 |
and 30 November 2015 |
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DEPRECIATION |
At 1 December 2014 |
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Charge for year |
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At 30 November 2015 |
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NET BOOK VALUE |
At 30 November 2015 |
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At 30 November 2014 |
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INDEPENDENT CAPITAL CORPORATION LIMITED (REGISTERED NUMBER: 02824402) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 30 NOVEMBER 2015 |
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3. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary Shares | 1.00 |
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(2014 -
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NIL |
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(2014 -
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690,000 | 690,000 |
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4. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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Included in other creditors is a balance of £263,849 (2014: £Nil) owed to J.M Chamboulive,director of the |
company. |