IT First Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 03222864 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

IT FIRST LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M D Fiettkau

P Goldsmith

S Gregg

SECRETARY:

H D Cass

REGISTERED OFFICE:

Americas House

273 London Road

Burgess Hill

West Sussex

RH15 9QU

REGISTERED NUMBER:

03222864 (England and Wales)

ACCOUNTANTS:

Cardens Accountants LLP

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

Intangible assets

2

269

-

Tangible assets

3

13,631

-

13,900

-

CURRENT ASSETS

Debts

Trade debtors subject to financing arrangements

115,481

166,568

Owed to factoring agent

18,507

(85,349

)

133,988

81,219

Debtors

263,338

229,572

Cash at bank and in hand

33,186

-

430,512

310,791

CREDITORS

Amounts falling due within one year

368,460

280,756

NET CURRENT ASSETS

62,052

30,035

TOTAL ASSETS LESS CURRENT LIABILITIES

75,952

30,035

PROVISIONS FOR LIABILITIES

2,520

-

NET ASSETS

73,432

30,035

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

73,332

29,935

SHAREHOLDERS' FUNDS

73,432

30,035

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 4 June 2015 and were signed on its behalf by:

P Goldsmith - Director

M D Fiettkau - 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 sales of goods and services net of VAT and trade discounts. Turnover is recognised when

the goods are physically delivered to the customer except for sales of services where turnover is recognised at

the point the customer is entitled to consideration.

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.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

269

At 30 September 2014

269

NET BOOK VALUE

At 30 September 2014

269

3.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

15,333

At 30 September 2014

15,333

DEPRECIATION

Charge for year

1,702

At 30 September 2014

1,702

NET BOOK VALUE

At 30 September 2014

13,631

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

-

(2013 - 0 )

93

Ordinary A

£1

93

95

(2013 - 95 )

5

Ordinary B

£1

5

5

100

100

5.	ULTIMATE PARENT COMPANY

Response Holdings Limited is regarded by the directors as being the company's ultimate parent company.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Goldsmith.