ForensiT Limited - Period Ending 2015-02-28

Registration number: 04677128

ForensiT Limited

Unaudited Abbreviated Accounts

for the Year Ended 28 February 2015
 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

ForensiT Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

ForensiT Limited
(Registration number: 04677128)
Abbreviated Balance Sheet at 28 February 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					73,776			76,779
Current assets
Debtors					8,294			17,246
Cash at bank and in hand					184,503			150,239
					192,797			167,485
Creditors: Amounts falling due within one year					(58,740)			(62,869)
Net current assets					134,057			104,616
Total assets less current liabilities					207,833			181,395
Creditors: Amounts falling due after more than one year					(34,484)			(52,813)
Net assets					173,349			128,582
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					173,249			128,482
Shareholders' funds					173,349			128,582

For the year ending 28 February 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 1 November 2015

.........................................
Mr D Rowe
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

ForensiT Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 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 amounts chargeable, net of value added tax, in respect of the sale of goods and 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
Leasehold properties	Straight line over the life of the lease
Plant and machinery	33.3% straight line basis
Fixtures, fittings and equipment	25% reducing balance basis

Deferred tax

Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

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.

Page 2

ForensiT Limited
Notes to the Abbreviated Accounts for the Year Ended 28 February 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2014		136,140			136,140
Additions		300			300
At 28 February 2015		136,440			136,440
Depreciation
At 1 March 2014		59,361			59,361
Charge for the year		3,303			3,303
At 28 February 2015		62,664			62,664
Net book value
At 28 February 2015		73,776			73,776
At 28 February 2014		76,779			76,779

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		-			15,050
Amounts falling due after more than one year		34,484			52,813
Total secured creditors		34,484			67,863

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

5

Control

The company is controlled by Forensit Group Limited. Forensit Group Limited is the ultimate holding company owning 100% of the issued share capital. The ultimate controlling party is D Rowe, director.

Page 3