Company Registration No. 08345446 (England and Wales)
INTERNATIONAL DYSLEXIA LEARNING SOLUTIONS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018
PAGES FOR FILING WITH REGISTRAR
INTERNATIONAL DYSLEXIA LEARNING SOLUTIONS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
INTERNATIONAL DYSLEXIA LEARNING SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 JULY 2018
31 July 2018
- 1 -
2018
2017
Notes
£
£
£
£
Current assets
Cash at bank and in hand
2,751
3,155
Creditors: amounts falling due within one year
2
(2,751)
(3,155)
Net current assets
-
-
Capital and reserves
Called up share capital
3
1
1
Profit and loss reserves
(1)
(1)
Total equity
-
-

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 2 November 2018 and are signed on its behalf by:
Mr P  Wilkinson
Ms F  Lugiano
Director
Director
Company Registration No. 08345446
INTERNATIONAL DYSLEXIA LEARNING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2018
- 2 -
1
Accounting policies
Company information

International Dyslexia Learning Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Office 4, Lancaster Business Park, Mannin Way, Lancaster, LA1 3SW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company has not traded in the current or prior period however the directors confirm that the company has adequate resources to continue in operate existence for the foreseeable future and as such the going concern basis of accounts preparation is adopted

1.3
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

INTERNATIONAL DYSLEXIA LEARNING SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2018
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Creditors: amounts falling due within one year
2018
2017
£
£
Amounts due to group undertakings
2,751
3,155
3
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary of £1 each
1
1
1
1
4
Audit report information

As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

The senior statutory auditor was Jenny McCabe.
The auditor was MHA Moore and Smalley.
5
Related party transactions

In accordance with Section 1AC.35 of FRS 102, the company has not disclosed transactions with its parent entity.

6
Parent company

The company's immediate and ultimate parent undertaking throughout the current and prior period was Ascentis, a charitable company registered in England and Wales. There is no single ultimate controlling party of Ascentis during the current or prior year.

2018-07-312017-08-01falseCCH SoftwareCCH Accounts Production 2018.220No description of principal activity12 November 2018This audit opinion is unqualifiedMr  P WilkinsonMs F LugianoMr Robin Newton-SymsMs F  Lugiano083454462017-08-012018-07-31083454462018-07-31083454462017-07-3108345446core:CurrentFinancialInstruments2018-07-3108345446core:CurrentFinancialInstruments2017-07-3108345446core:ShareCapital2018-07-3108345446core:ShareCapital2017-07-3108345446core:RetainedEarningsAccumulatedLosses2018-07-3108345446core:RetainedEarningsAccumulatedLosses2017-07-3108345446core:ShareCapitalOrdinaryShares2018-07-3108345446core:ShareCapitalOrdinaryShares2017-07-3108345446bus:Director12017-08-012018-07-3108345446bus:CompanySecretaryDirector12017-08-012018-07-3108345446bus:OrdinaryShareClass12017-08-012018-07-3108345446bus:OrdinaryShareClass12018-07-3108345446bus:PrivateLimitedCompanyLtd2017-08-012018-07-3108345446bus:FRS1022017-08-012018-07-3108345446bus:Audited2017-08-012018-07-3108345446bus:SmallCompaniesRegimeForAccounts2017-08-012018-07-3108345446bus:Director22017-08-012018-07-3108345446bus:Director32017-08-012018-07-3108345446bus:CompanySecretary12017-08-012018-07-3108345446bus:FullAccounts2017-08-012018-07-31xbrli:purexbrli:sharesiso4217:GBP