i-Vigilant Technologies Limited - Period Ending 2015-01-31

Registration number: SC426362

i-Vigilant Technologies Limited

Unaudited Abbreviated Accounts

for the Period from 1 July 2014 to 31 January 2015

 

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
Aberdeenshire
AB24 5AX

i-Vigilant Technologies Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

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 6) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
i-Vigilant Technologies Limited
for the Period Ended 31 January 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of i-Vigilant Technologies Limited for the period ended 31 January 2015 set out on pages 2 to 6 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 i-Vigilant Technologies 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 i-Vigilant Technologies Limited and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than i-Vigilant Technologies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that i-Vigilant Technologies 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 i-Vigilant Technologies Limited. You consider that i-Vigilant Technologies Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of i-Vigilant Technologies 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.

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

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
Aberdeenshire
AB24 5AX

9 October 2015

Page 1

i-Vigilant Technologies Limited
(Registration number: SC426362)
Abbreviated Balance Sheet at 31 January 2015

		Note			31 January 2015 £			30 June 2014 £
Fixed assets
Intangible fixed assets					-			4,120
Tangible fixed assets					2,371			3,544
					2,371			7,664
Current assets
Debtors					116,944			16,724
Cash at bank and in hand					258			124
					117,202			16,848
Creditors: Amounts falling due within one year					(75,778)			(22,315)
Net current assets/(liabilities)					41,424			(5,467)
Total assets less current liabilities					43,795			2,197
Creditors: Amounts falling due after more than one year					(8,754)			-
Net assets					35,041			2,197
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					35,039			2,195
Shareholders' funds					35,041			2,197

For the year ending 31 January 2015 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 9 October 2015

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

i-Vigilant Technologies Limited
(Registration number: SC426362)
Abbreviated Balance Sheet at 31 January 2015
......... continued

.........................................
Mr Anwar Sutan
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

i-Vigilant Technologies Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2014 to 31 January 2015
......... 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 net invoiced sale of services or goods, excluding value added tax.

Amortisation

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

Asset class	Amortisation method and rate
Patents	10% straight line

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
Computer equipment	33% on cost
Plant & machinery	20% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

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 4

i-Vigilant Technologies Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2014 to 31 January 2015
......... continued

2	Fixed assets

		Intangible assets £			Tangible assets £			Total £
Cost
At 1 July 2014		4,454			5,043			9,497
Disposals		(4,454)			(1,290)			(5,744)
At 31 January 2015		-			3,753			3,753
Depreciation
At 1 July 2014		334			1,499			1,833
Charge for the period		-			711			711
Eliminated on disposals		(334)			(828)			(1,162)
At 31 January 2015		-			1,382			1,382
Net book value
At 31 January 2015		-			2,371			2,371
At 30 June 2014		4,120			3,544			7,664

3	Share capital

Allotted, called up and fully paid shares

	31 January 2015						30 June 2014
		No.			£			No.			£
Ordinary A shares of £1 each		1			1			1			1
Ordinary B shares of £1 each		1			1			1			1
		2			2			2			2

4	Related party transactions

Director's advances and credits

	1 July 2014 to 31 January 2015 Advance/ Credit £	1 July 2014 to 31 January 2015 Repaid £	Year ended 30 June 2014 Advance/ Credit £	Year ended 30 June 2014 Repaid £
Mr Anwar Sutan

Page 5

i-Vigilant Technologies Limited
Notes to the Abbreviated Accounts for the Period from 1 July 2014 to 31 January 2015
......... continued

During the period the company provided the director with an interest free loan, which is unsecured, repayable on demand, and shown under Other Debtors.	28,261	4,237	13,018	50,632
Mrs Ria Sutan
During the period the company provided the shareholder with an interest free loan, which is unsecured, repayable on demand and shown under Other Debtors.	14,650	4,000	34,672	34,665

Page 6