7th Iteration I.T. Consulting Limited - Limited company - abbreviated

REGISTERED NUMBER: 07104000 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 December 2014

for

7th Iteration I.T. Consulting Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Report of the Accountants

4

DIRECTOR:

I Chomacki

REGISTERED OFFICE:

Greyhound House

High Street

Ewelme

Wallingford

OX10 6HU

REGISTERED NUMBER:

07104000 (England and Wales)

ACCOUNTANTS:

SJD Accountancy

Plaza 8

KD Tower

Cotterells

Hemel Hempstead

Herts

HP1 1FW

FIXED ASSETS

Tangible assets

2

106

212

CURRENT ASSETS

Debtors

9,990

7,830

Cash at bank

31,471

13,979

41,461

21,809

CREDITORS

Amounts falling due within one year

18,635

9,020

NET CURRENT ASSETS

22,826

12,789

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,932

13,001

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

22,931

13,000

SHAREHOLDERS' FUNDS

22,932

13,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year in accordance with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the
Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 2 February 2015 and were signed by:

I Chomacki - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2014

and 31 December 2014

872

DEPRECIATION

At 1 January 2014

660

Charge for year

106

At 31 December 2014

766

NET BOOK VALUE

At 31 December 2014

106

At 31 December 2013

212

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.12.13

value:

£

1

Ordinary

£1

1

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages two to three) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the

year ended 31 December 2014 set out on pages nil to nil and you consider that the company is exempt from

an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to

assist you to fulfil your statutory responsibilities, from the accounting records and information and

explanations supplied to us.