Red Square IT Solutions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05829106

Abbreviated Unaudited Accounts

for the Year Ended 31 May 2014

for

Red Square IT Solutions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

K Munnelly

SECRETARIES:

Mrs M Munnelly

R Lee

REGISTERED OFFICE:

Suite 7

Cotterells

Hemel Hempstead

Hertfordshire

HP1 1FW

REGISTERED NUMBER:

05829106

ACCOUNTANTS:

SJD Accountancy

12th Floor

30 Crown Place

London

EC2A 2AL

FIXED ASSETS

Tangible assets

2

1,312

-

CURRENT ASSETS

Debtors

6,061

31,178

Cash at bank

4

3,015

6,065

34,193

CREDITORS

Amounts falling due within one year

7,376

34,189

NET CURRENT (LIABILITIES)/ASSETS

(1,311

)

4

TOTAL ASSETS LESS CURRENT LIABILITIES

1

4

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

-

3

SHAREHOLDERS' FUNDS

1

4

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 23 February 2015 and were signed by:

K Munnelly - 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.

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

Additions

1,749

At 31 May 2014

1,749

DEPRECIATION

Charge for year

437

At 31 May 2014

437

NET BOOK VALUE

At 31 May 2014

1,312

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.14

31.5.13

value:

£

£

1

Ordinary

1

1

1

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES