Ireland Consultancy Services Limited 13393783 false 2022-06-01 2023-05-31 2023-05-31 The principal activity of the company is management consultancy services Digita Accounts Production Advanced 6.30.9574.0 true true true 13393783 2022-06-01 2023-05-31 13393783 2023-05-31 13393783 bus:OrdinaryShareClass1 2023-05-31 13393783 bus:Revised 2023-05-31 13393783 core:CurrentFinancialInstruments 2023-05-31 13393783 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 13393783 core:FurnitureFittingsToolsEquipment 2023-05-31 13393783 core:OtherPropertyPlantEquipment 2023-05-31 13393783 bus:SmallEntities 2022-06-01 2023-05-31 13393783 bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 13393783 bus:FullAccounts 2022-06-01 2023-05-31 13393783 bus:SmallCompaniesRegimeForAccounts 2022-06-01 2023-05-31 13393783 bus:RegisteredOffice 2022-06-01 2023-05-31 13393783 bus:Director1 2022-06-01 2023-05-31 13393783 bus:Director2 2022-06-01 2023-05-31 13393783 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 13393783 bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 13393783 core:ComputerEquipment 2022-06-01 2023-05-31 13393783 core:FurnitureFittingsToolsEquipment 2022-06-01 2023-05-31 13393783 core:OfficeEquipment 2022-06-01 2023-05-31 13393783 core:OtherPropertyPlantEquipment 2022-06-01 2023-05-31 13393783 1 2022-06-01 2023-05-31 13393783 countries:EnglandWales 2022-06-01 2023-05-31 13393783 2022-05-31 13393783 core:FurnitureFittingsToolsEquipment 2022-05-31 13393783 core:OtherPropertyPlantEquipment 2022-05-31 13393783 2021-05-13 2022-05-31 13393783 2022-05-31 13393783 bus:OrdinaryShareClass1 2022-05-31 13393783 core:CurrentFinancialInstruments 2022-05-31 13393783 core:CurrentFinancialInstruments core:WithinOneYear 2022-05-31 13393783 core:FurnitureFittingsToolsEquipment 2022-05-31 13393783 core:OtherPropertyPlantEquipment 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13393783

Ireland Consultancy Services Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023

 

Ireland Consultancy Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Ireland Consultancy Services Limited

Company Information

Directors

Mr C Ireland

Mrs M Ireland

Registered office

1 The Sanctuary
Westminster
London
SW1P 3JT

 

Ireland Consultancy Services Limited

(Registration number: 13393783)
Balance Sheet as at 31 May 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

3,399

4,049

Current assets

 

Debtors

5

24,110

36,409

Cash at bank and in hand

 

165,524

84,389

 

189,634

120,798

Creditors: Amounts falling due within one year

6

(105,747)

(46,658)

Net current assets

 

83,887

74,140

Total assets less current liabilities

 

87,286

78,189

Provisions for liabilities

(749)

(1,044)

Net assets

 

86,537

77,145

Capital and reserves

 

Called up share capital

100

100

Retained earnings

86,437

77,045

Shareholders' funds

 

86,537

77,145

For the financial year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 November 2023 and signed on its behalf by:
 

 

Ireland Consultancy Services Limited

(Registration number: 13393783)
Balance Sheet as at 31 May 2023

.........................................
Mr C Ireland
Director

.........................................
Mrs M Ireland
Director

 

Ireland Consultancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 The Sanctuary
Westminster
London
SW1P 3JT

These financial statements were authorised for issue by the Board on 14 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Ireland Consultancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Computer equipment

33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Ireland Consultancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Ireland Consultancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 June 2022

136

4,691

4,827

Additions

789

1,000

1,789

Disposals

(23)

(782)

(805)

At 31 May 2023

902

4,909

5,811

Depreciation

At 1 June 2022

-

778

778

Charge for the year

233

1,401

1,634

At 31 May 2023

233

2,179

2,412

Carrying amount

At 31 May 2023

669

2,730

3,399

At 31 May 2022

136

3,913

4,049

5

Debtors

Current

2023
£

2022
£

Trade debtors

17,606

27,703

Prepayments

6,504

8,706

 

24,110

36,409

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,050

3,632

Taxation and social security

23,997

39,276

Accruals and deferred income

2,500

3,750

Other creditors

78,200

-

105,747

46,658

 

Ireland Consultancy Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

8

Parent and ultimate parent undertaking

The ultimate controlling party is Mr C Ireland and Mrs M Ireland, by virtue of their joint shareholding.