Griffiths IT Solutions Ltd - Period Ending 2014-10-31

GRIFFITHS IT SOLUTIONS LIMITED - Company Information

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Registration number: 05967005

Griffiths IT Solutions Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2014

MG Contractor Services Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

Griffiths IT Solutions Ltd
Contents

Accountants' Report

Abbreviated Balance Sheet

Notes to the Abbreviated Accounts

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 3) have been prepared.

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Griffiths IT Solutions Ltd
for the Year Ended 31 October 2014

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

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Griffiths IT Solutions Ltd, 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 Griffiths IT Solutions Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Griffiths IT Solutions Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Griffiths IT Solutions Ltd 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 Griffiths IT Solutions Ltd. You consider that Griffiths IT Solutions Ltd 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 Griffiths IT Solutions Ltd. 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.

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

MG Contractor Services Ltd
Chartered Accountants
Audit House
260 Field End Road
Eastcote
Middlesex
HA4 9LT

24 August 2015

Page 1

Griffiths IT Solutions Ltd
(Registration number: 05967005)
Abbreviated Balance Sheet at 31 October 2014

	Note	2014 £	2013 £
Fixed assets
Tangible fixed assets		106	106
Current assets
Debtors		27,760	6,789
Cash at bank and in hand		3,129	22,712
		30,889	29,501
Creditors: Amounts falling due within one year		(20,449)	(29,080)
Net current assets		10,440	421
Net assets		10,546	527
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		10,446	427
Shareholders' funds		10,546	527

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 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 24 August 2015

.........................................
Mr David Griffiths
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Griffiths IT Solutions Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 October 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 sale of goods and services to customers.

Pensions

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

2	Fixed assets

	Tangible assets £	Total £
Cost
At 1 November 2013	879	879
At 31 October 2014	879	879
Depreciation
At 1 November 2013	773	773
At 31 October 2014	773	773
Net book value
At 31 October 2014	106	106
At 31 October 2013	106	106

3	Share capital

Allotted, called up and fully paid shares

	2014			2013
		No.	£		No.	£
Oridnary share of £1 each		100	100		100	100

Page 3