Offsite I T Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05846000 (England and Wales)

Abbreviated Unaudited Accounts

For The Year Ended 31 July 2014

for

OFFSITE I T LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

S Lyle

SECRETARY:

REGISTERED OFFICE:

Unit 3, Hall Farm

Monument Offices

Maldon Road

Woodham Mortimer

Essex

CM9 6SN

REGISTERED NUMBER:

05846000 (England and Wales)

ACCOUNTANTS:

Knights & Co Limited

Office 4,

Sudbury Stables

Sudbury Road

Downham

Essex

CM11 1LB

FIXED ASSETS

Tangible assets

2

20,206

21,046

CURRENT ASSETS

Stocks

5,483

34,000

Debtors

54,976

38,457

Cash at bank

-

12,522

60,459

84,979

CREDITORS

Amounts falling due within one year

60,505

84,158

NET CURRENT (LIABILITIES)/ASSETS

(46

)

821

TOTAL ASSETS LESS CURRENT LIABILITIES

20,160

21,867

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

20,060

21,767

SHAREHOLDERS' FUNDS

20,160

21,867

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 22 January 2015 and were signed by:

S Lyle - 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 goods, 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Deferred tax

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

at the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2013

41,562

Additions

5,895

At 31 July 2014

47,457

DEPRECIATION

At 1 August 2013

20,516

Charge for year

6,735

At 31 July 2014

27,251

NET BOOK VALUE

At 31 July 2014

20,206

At 31 July 2013

21,046

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/7/14

31/7/13

value:

£

£

100

Ordinary

1

100

100