ITWORKS-SOLUTIONS LIMITED Accounts filed on 31-10-2014

ITWORKS-SOLUTIONS LIMITED Accounts filed on 31-10-2014

ITWORKS-SOLUTIONS LIMITED - Company Information

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ITWORKS-SOLUTIONS LIMITED




Company Registration Number:
05959236 (England and Wales)



Report of the Directors and Unaudited Financial Statements



Period of accounts


Start date: 01st November 2013

End date: 31st October 2014

SUBMITTED

ITWORKS-SOLUTIONS LIMITED

Contents of the Financial Statements
for the Period Ended 31st October 2014

Company Information
Report of the Directors
Profit and Loss Account
Gains and Losses
Balance sheet
Notes to the Financial Statements

ITWORKS-SOLUTIONS LIMITED

Company Information
for the Period Ended 31st October 2014




Director: Stephen Ogwe
Registered office: 3 Bishop Gray Rise
Bishop's Stortford
Hertfordshire
CM23 2GT
Company Registration Number: 05959236 (England and Wales)

ITWORKS-SOLUTIONS LIMITED

Directors' Report Period Ended 31st October 2014

The directors present their report with the financial statements of the company for the period ended 31st October 2014

Principal activities
The principal activity of the company in the period under review was:
Information Technology Services and Management Consulting

Directors
The directors shown below have held office during the whole of the period from
01st November 2013 to 31st October 2014
Stephen Ogwe

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on 28 July 2015
And Signed On Behalf Of The Board By:

Name: Stephen Ogwe
Status: Director

ITWORKS-SOLUTIONS LIMITED

Profit and Loss Account

for the Period Ended 31st October 2014

Notes 2014
£		 2013
£
Turnover: 2 72,655 65,090
Cost of sales: 19,853 15,526
Gross profit or (loss): 52,802 49,564
Administrative expenses: , 47,981 42,448
Operating profit or (loss): 4,821 7,116
Profit or (loss) on ordinary activities before taxation: 4,821 7,116
Tax on profit or (loss) on ordinary activities: 1,044 1,503
Profit or (loss) for the financial year: 3,777 5,613

The notes form part of these financial statements

ITWORKS-SOLUTIONS LIMITED

Statement of total recognised gains and losses
31st October 2014

Statement of total recognised gains and losses

The company does not have any gains and losses other than Profit and Loss for the period to report.

The notes form part of these financial statements

ITWORKS-SOLUTIONS LIMITED

Balance sheet
As at 31st October 2014

Notes 2014
£		 2013
£
Fixed assets
Tangible assets: 3 1,200 400
Total fixed assets: 1,200 400
Current assets
Debtors: 2,540 18,142
Cash at bank and in hand: 3,044 170
Total current assets: 5,584 18,312
Creditors: amounts falling due within one year 5,876 3,581
Net current assets (liabilities): ( 292 ) 14,731
Total assets less current liabilities: 908 15,131
Total net assets (liabilities): 908 15,131

The notes form part of these financial statements

ITWORKS-SOLUTIONS LIMITED

Balance sheet
As at 31st October 2014
continued

Notes 2014
£		 2013
£
Capital and reserves
Called up share capital: 4 100 100
Profit and Loss account: 5 808 15,031
Total shareholders funds: 908 15,131

For the year ending 31 October 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 28 July 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Stephen Ogwe
Status: Director

The notes form part of these financial statements

ITWORKS-SOLUTIONS LIMITED

Notes to the Financial Statements
for the Period Ended 31st October 2014

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005)

    Turnover policy

    Turnover represents the Invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts

    Tangible fixed assets depreciation policy

    Depreciation has been provided at the following rates in order to write off the assets over their estimated useful life

ITWORKS-SOLUTIONS LIMITED

Notes to the Financial Statements
for the Period Ended 31st October 2014

  • 3. Tangible assets

    Land and buildings Plant Machinery Fixtures and fittings Office Equipment Motor vehicles Total
    Cost £ £ £ £ £ £
    At 01st November 2013: - - - 800 - 800
    Additions: - - - 1,600 - 1,600
    At 31st October 2014: - - - 2,400 - 2,400
    Depreciation
    At 01st November 2013: - - - 400 - 400
    Charge for year: - - - 800 - 800
    At 31st October 2014: - - - 1,200 - 1,200
    Net book value
    At 31st October 2014: - - - 1,200 - 1,200
    At 31st October 2013: - - - 400 - 400

ITWORKS-SOLUTIONS LIMITED

Notes to the Financial Statements
for the Period Ended 31st October 2014

  • 4. Called up share capital

    Allotted, called up and paid

    Previous period 2013
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100
    Current period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 100 1.00
    1.00
    		100
    Total share capital: 100

ITWORKS-SOLUTIONS LIMITED

Notes to the Financial Statements
for the Period Ended 31st October 2014

  • 5. Profit and loss account

    2014 2013
    £ £
    Opening balance: 15,031 9,418
    Profit or (loss) for the period: 3,777 5,613
    Equity dividends paid: 18,000 0
    Retained profit: 808 15,031