I.t. Needs Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03243065 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2014

FOR

I.T. NEEDS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Brooks

SECRETARY:

REGISTERED OFFICE:

43 Moorland View

Wath-Upon-Dearne

Rotherham

South Yorkshire

S63 6DH

REGISTERED NUMBER:

03243065 (England and Wales)

ACCOUNTANTS:

Rapinet & Co

Abacus House

21a Sandygate Road

Crosspool

Sheffield

South Yorkshire

S10 5NG

FIXED ASSETS

Tangible assets

2

20,952

21,733

CURRENT ASSETS

Debtors

2,752

3,327

Cash at bank

2,010

1,714

4,762

5,041

CREDITORS

Amounts falling due within one year

(4,080

)

(2,661

)

NET CURRENT ASSETS

682

2,380

TOTAL ASSETS LESS CURRENT LIABILITIES

21,634

24,113

CAPITAL AND RESERVES

Called up share capital

3

10

10

Profit and loss account

21,624

24,103

SHAREHOLDERS' FUNDS

21,634

24,113

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 15 May 2015 and were signed by:

C Brooks - 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.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2013

36,933

Additions

1,775

At 31 August 2014

38,708

DEPRECIATION

At 1 September 2013

15,200

Charge for year

2,556

At 31 August 2014

17,756

NET BOOK VALUE

At 31 August 2014

20,952

At 31 August 2013

21,733

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

10

ordinary

1

10

10