I.T.Solutions(UK) Ltd
|
Registered number: |
02985922
|
Abbreviated Balance Sheet |
as at 30 November 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
11,294 |
|
|
13,772 |
|
Current assets |
Stocks |
|
|
950 |
|
|
950 |
Debtors |
|
|
174,908 |
|
|
207,020 |
Cash at bank and in hand |
|
|
71,994 |
|
|
111,490 |
|
|
|
247,852 |
|
|
319,460 |
|
Creditors: amounts falling due within one year |
|
|
(60,806) |
|
|
(98,981) |
|
Net current assets |
|
|
|
187,046 |
|
|
220,479 |
|
Net assets |
|
|
|
198,340 |
|
|
234,251 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
6 |
|
|
6 |
Profit and loss account |
|
|
|
198,334 |
|
|
234,245 |
|
Shareholders' funds |
|
|
|
198,340 |
|
|
234,251 |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
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Members have not required the company to obtain an audit in accordance with section 476 of the Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
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|
|
|
Mr S Patel |
Director |
Approved by the board on 22 August 2017
|
|
I.T.Solutions(UK) Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
18% on witten down value
|
|
Motor vehicles |
18% on witten down value
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 December 2015 |
74,378 |
|
At 30 November 2016 |
74,378 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2015 |
60,606 |
|
Charge for the year |
2,478 |
|
At 30 November 2016 |
63,084 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2016 |
11,294 |
|
At 30 November 2015 |
13,772 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
6 |
|
6 |
|
6 |
|
|
|
|
|
|
|
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|