I.T.Solutions(UK) Ltd
|
Registered number: |
02985922
|
Abbreviated Balance Sheet |
as at 30 November 2014
|
|
Notes |
|
|
2014 |
|
|
2013 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
16,794 |
|
|
20,480 |
|
Current assets |
Stocks |
|
|
950 |
|
|
950 |
Debtors |
|
|
273,214 |
|
|
247,676 |
Cash at bank and in hand |
|
|
77,361 |
|
|
85,310 |
|
|
|
351,525 |
|
|
333,936 |
|
Creditors: amounts falling due within one year |
|
|
(117,338) |
|
|
(98,598) |
|
Net current assets |
|
|
|
234,187 |
|
|
235,338 |
|
Net assets |
|
|
|
250,981 |
|
|
255,818 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
6 |
|
|
6 |
Profit and loss account |
|
|
|
250,975 |
|
|
255,812 |
|
Shareholders' funds |
|
|
|
250,981 |
|
|
255,818 |
|
|
|
|
|
|
|
|
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.
|
|
|
|
Mr S Patel |
Director |
Approved by the board on 27 July 2015
|
|
I.T.Solutions(UK) Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 30 November 2014
|
|
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 |
20% on witten down value
|
|
Motor vehicles |
25% 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 2013 |
74,378 |
|
At 30 November 2014 |
74,378 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 December 2013 |
53,898 |
|
Charge for the year |
3,686 |
|
At 30 November 2014 |
57,584 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 November 2014 |
16,794 |
|
At 30 November 2013 |
20,480 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
6 |
|
6 |
|
6 |
|
|
|
|
|
|
|
|
|