IT Solutions 4 Business Limited - Limited company - abbreviated - 11.0.0
IT Solutions 4 Business Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30 June 2014 |
| for |
| IT Solutions 4 Business Limited |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| IT Solutions 4 Business Limited |
| Company Information |
| for the Year Ended 30 June 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants, |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Abbreviated Balance Sheet |
| 30 June 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 |
| Investments | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Abbreviated Balance Sheet - continued |
| 30 June 2014 |
| The financial statements were approved by the Board of Directors on by: |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30 June 2014 |
| 1. | ACCOUNTING POLICIES |
| 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). |
| Preparation of consolidated financial statements |
| The financial statements contain information about IT Solutions 4 Business Limited as an individual company |
| and do not contain consolidated financial information as the parent of a group. The company has taken the option |
| under Section 398 of the Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Goodwill |
| Goodwill resulting from an acquisition of a business in 2006 is being amortised over its estimated useful |
| economic life of twenty years. |
| Goodwill resulting from the hive up of trade and assets following the acquisition of subsidiary undertakings in |
| 2014, representing the difference between the original investment in the subsidiaries and the fair value of the net |
| assets acquired, has been capitalised in accordance with the requirements of FRS 10. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Reclassification/transfer |
| At 30 June 2014 |
| AMORTISATION |
| At 1 July 2013 |
| Amortisation for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 July 2013 |
| Additions |
| At 30 June 2014 |
| DEPRECIATION |
| At 1 July 2013 |
| Charge for year |
| At 30 June 2014 |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 July 2013 | 772,268 |
| Additions | 459 |
| Reclassification/transfer | (772,727 | ) |
| At 30 June 2014 | - |
| NET BOOK VALUE |
| At 30 June 2014 |
| At 30 June 2013 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary A | 0.83p |
| Ordinary B | 0.83p |
| Ordinary D | 0.83p |
| 90 | 90 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 30 June 2014 and |
| 30 June 2013: |
| 2014 | 2013 |
| £ | £ |
| Balance outstanding at start of year | ( |
) | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) | ( |
) |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year |
| IT Solutions 4 Business Limited (Registered number: 05335147) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30 June 2014 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued |
| Interest was charged on all overdrawn Directors' accounts at commercial rates. |