BUSINESS IT SOLUTIONS LIMITED Accounts filed on 30-06-2015
BUSINESS IT SOLUTIONS LIMITED Accounts filed on 30-06-2015
BUSINESS IT SOLUTIONS LIMITED
Company Registration Number:
02542221 (England and Wales)
Abbreviated (Unaudited) Accounts
Period of accounts
Start date: 01st July 2014
End date: 30th June 2015
SUBMITTED
BUSINESS IT SOLUTIONS LIMITED
Company Information
for the Period Ended
30th June 2015
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BUSINESS IT SOLUTIONS LIMITED
Abbreviated Balance sheet
As at 30th June 2015
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2014 £ |
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| Fixed assets | |||
| Tangible assets: | 5 |
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| Total fixed assets: |
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| Current assets | |||
| Debtors: | 6 |
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| Cash at bank and in hand: |
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| Creditors | |||
| Creditors: amounts falling due within one year | 7 |
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| Net current assets (liabilities): |
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| Total assets less current liabilities: |
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| Total net assets (liabilities): |
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The notes form part of these financial statements
BUSINESS IT SOLUTIONS LIMITED
Abbreviated Balance sheet
As at 30th June 2015
continued
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2014 £ |
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| Capital and reserves | |||
| Called up share capital: | 8 |
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| Profit and Loss account: |
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| Total shareholders funds: |
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The financial statements were approved by the Board of Directors on
SIGNED ON BEHALF OF THE BOARD BY:
Name: Stephen Barker
Status: Director
The notes form part of these financial statements
BUSINESS IT SOLUTIONS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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1. Accounting policies
Basis of measurement and preparation of accounts
Basis of accounting The financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. (effective April 2008) Turnover policy
Turnover The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax. In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimate of amounts not invoiced. It is recognised by reference to the stage of completion. Tangible fixed assets depreciation policy
Depreciation Depreciation is calculated so as to write off the cost of an asset, less it’s residual value, over the useful economic life of the asset as follows: Computer Hardware - 33% straight line
BUSINESS IT SOLUTIONS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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5. Tangible assets
Total Cost £ At 01st July 2014: 2,572 Disposals: 340 At 30th June 2015: 2,232 Depreciation At 01st July 2014: 2,230 Charge for year: 163 On disposals: 340 At 30th June 2015: 2,053 Net book value At 30th June 2015: 179 At 30th June 2014: 342
BUSINESS IT SOLUTIONS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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6. Debtors
2015
£2014
£Trade debtors: - 2,854 Other debtors: 20,000 - Total: 20,000 2,854
BUSINESS IT SOLUTIONS LIMITED
Notes to the Abbreviated Accounts
for the Period Ended
30th June 2015
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7. Creditors: amounts falling due within one year
2015
£2014
£Trade creditors: 16 35 Taxation and social security: 15,379 16,004 Accruals and deferred income: 530 2,582 Other creditors: 5,435 753 Total: 21,360 19,374