Indepth Training Limited - Period Ending 2014-05-31

Registration number: 06906800

Indepth Training Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 May 2014
 

Nabarro Poole Ltd
A Practice of Chartered & Management Accountants
31 Church Road
Northenden
Greater Manchester
M22 4NN

Indepth Training Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Indepth Training Limited
for the Year Ended 31 May 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Indepth Training Limited for the year ended 31 May 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Indepth Training Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Indepth Training Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Indepth Training Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Indepth Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Indepth Training Limited. You consider that Indepth Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Indepth Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Nabarro Poole Ltd
A Practice of Chartered & Management Accountants
31 Church Road
Northenden
Greater Manchester
M22 4NN

26 August 2014

Page 1

Indepth Training Limited
(Registration number: 06906800)
Abbreviated Balance Sheet at 31 May 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					3,446			7,844
Current assets
Debtors					51,250			33,000
Cash at bank and in hand					2,430			16,021
					53,680			49,021
Creditors: Amounts falling due within one year					(49,452)			(38,756)
Net current assets					4,228			10,265
Total assets less current liabilities					7,674			18,109
Provisions for liabilities					(690)			(1,569)
Net assets					6,984			16,540
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					6,884			16,440
Shareholders' funds					6,984			16,540

For the year ending 31 May 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 director acknowledges his 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 .

Approved by the director on 26 August 2014

.........................................
Mr A J Catlow
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Indepth Training Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated
residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	33.33% straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Indepth Training Limited
Notes to the Abbreviated Accounts for the Year Ended 31 May 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 June 2013		16,000			16,000
At 31 May 2014		16,000			16,000
Depreciation
At 1 June 2013		8,156			8,156
Charge for the year		4,398			4,398
At 31 May 2014		12,554			12,554
Net book value
At 31 May 2014		3,446			3,446
At 31 May 2013		7,844			7,844

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		1			1			1			1

Page 4