The IT Depot Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03640845

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2013

FOR

THE IT DEPOT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Chartered Accountants' Report

4

DIRECTORS:

Mr S R Woods

Mr P Comyn

Mr N Tobin

Mr J Meers

REGISTERED OFFICE:

121 Albert Street

FLEET

Hampshire

GU51 3SR

REGISTERED NUMBER:

03640845

ACCOUNTANTS:

JCS Associates

Chartered Accountants

121 Albert Street

FLEET

Hampshire

GU51 3SR

FIXED ASSETS

Tangible assets

2

-

16

CURRENT ASSETS

Debtors

29,706

6,293

Cash at bank

27,005

6,056

56,711

12,349

CREDITORS

Amounts falling due within one year

577,008

203,707

NET CURRENT LIABILITIES

(520,297

)

(191,358

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(520,297

)

(191,342

)

CAPITAL AND RESERVES

Called up share capital

3

5,100

5,100

Profit and loss account

(525,397

)

(196,442

)

SHAREHOLDERS' FUNDS

(520,297

)

(191,342

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19th September 2014 and were signed on its behalf by:

Mr P Comyn - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements are prepared on the basis that the company remains a going concern.

Accounting convention

The financial statements 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 sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st January 2013

and 31st December 2013

1,607

DEPRECIATION

At 1st January 2013

1,591

Charge for year

16

At 31st December 2013

1,607

NET BOOK VALUE

At 31st December 2013

-

At 31st December 2012

16

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.13

31.12.12

value:

£

£

5,100

Ordinary

£1

5,100

5,100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of The IT Depot Limited for the year ended 31st December 2013 which comprise the Profit and Loss Account,

the Balance Sheet and the related notes 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 The IT Depot Limited, as a body, in accordance with our terms of

engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The IT Depot

Limited and state those matters that we have agreed to state to the Board of Directors of The IT Depot Limited, 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 the company and its Board of Directors, as a body, for our

work or for this report.

It is your duty to ensure that The IT Depot Limited has kept adequate accounting records and to prepare statutory financial

statements that give a true and fair view of the assets, liabilities, financial position and loss of The IT Depot Limited. You

consider that The IT Depot 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 financial statements of The IT Depot 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 financial statements.

JCS Associates

Chartered Accountants

121 Albert Street

FLEET

Hampshire

GU51 3SR

19th September 2014