IT3 Internet Application Solutions Limited
|
For the year ended 31 March 2015
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04709092
IT3 Internet Application Solutions Limited
For the year ended 31 March 2015
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
Chartered Accountants' Report
For the year ended 31 March 2015
IT3 Internet Application Solutions Limited
Chartered Accountants' Report to the Board of Directors
In order to assist you to fulfil your duties under Companies Act
2006
,
we have prepared for your approval the
|
accounts of IT
3
Internet Application Solutions Limited for the year ended
31
March
2015
which comprise the Profit
|
and Loss Account
,
the Balance Sheet and the related notes from the company
'
s accounting records and from
|
information and explanations you have given us
.
|
As a practising firm of the Institute of Chartered Accountants in England and Wales
(
ICAEW
)
,
we are subject to its
|
ethical and other professional requirements which are detailed at icaew
.
com
/
membershandbook
.
|
This report is made solely to the Board of Directors of IT
3
Internet Application Solutions Limited
,
as a body
,
in
|
accordance with the terms of our engagement letter dated
.
Our work has been undertaken solely to prepare for
|
your approval the accounts of IT
3
Internet Application Solutions Limited and state those matters that we have
|
agreed to state to the Board of Directors of IT
3
Internet Application Solutions Limited
,
as a body
,
in this report in
|
accordance with AAF
2
/
10
as detailed at icaew
.
com
/
compilation
.
To the fullest extent permitted by law
,
we do not
|
accept or assume responsibility to anyone other than IT
3
Internet Application Solutions Limited and its Board of
|
Directors as a body for our work or for this report
.
|
It is your duty to ensure that IT
3
Internet Application Solutions Limited has kept adequate accounting records to
|
prepare statutory accounts that give a true and fair view of the assets
,
liabilities
,
financial position and profit of IT
3
|
Internet Application Solutions Limited
.
You consider that IT
3
Internet Application Solutions Limited is exempt from
|
the statutory audit requirement for the year
.
|
We have not been instructed to carry out an audit or a review of the accounts of IT
3
Internet Application Solutions
|
Limited
.
For this reason
,
we have not verified the accuracy or completeness of the accounting records or
|
information and explanations you have given to us and we do not
,
therefore
,
express any opinion on the statutory
|
accounts
.
|
Sentinel (Wales) Limited
Low Barn
Llancayo Business Park
Usk
NP15 1HY
1 of 4
Abbreviated Balance Sheet
|
IT3 Internet Application Solutions Limited
2015
2014
2
25,935
31,629
25,935
31,629
10,060
-
45,018
22,456
45,018
32,516
Creditors
:
amounts falling due within one year
|
(17,665)
(19,665)
14,851
25,353
Net current assets
Total assets less current liabilities
|
51,288
46,480
51,288
Net assets
46,480
100
3
100
51,188
46,380
51,288
46,480
Shareholders funds
For the year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
|
Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;
|
2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
|
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
|
Date approved by the board: 29 December 2015
|
Signed on behalf of the board of directors
|
2 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
IT3 Internet Application Solutions Limited
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Proposed dividends are only included as liabilities in the financial statements when their payment has been approved
|
by the shareholders prior to the balance sheet date
.
|
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
|
Fixtures and Fittings
98,040
98,040
66,411
5,694
Charge for year
72,105
25,935
31,629
3 of 4
Notes to the Abbreviated Financial Statements
|
For the year ended 31 March 2015
IT3 Internet Application Solutions Limited
Allotted called up and fully paid
|
2015
2014
100
Class A shares of £
1
.
00
each
|
100
100
100
100
4 of 4