Dataflow I.T. Limited - Period Ending 2014-12-31

Registration number: 03451101

Dataflow I.T. Limited
 
  Abbreviated Accounts
 
  for the Year Ended 31 December 2014
 

Brooks Green
  Accountants
  Abbey House
  342 Regents Park Road
  London
  London
  N3 2LJ

Dataflow I.T. Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

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 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dataflow I.T. Limited
for the Year Ended 31 December 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dataflow I.T. Limited for the year ended 31 December 2014 set out on pages 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 Dataflow I.T. 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 Dataflow I.T. Limited and state those matters that we have agreed to state to them, 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 Dataflow I.T. Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dataflow I.T. 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 Dataflow I.T. Limited. You consider that Dataflow I.T. 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 accounts of Dataflow I.T. 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.

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

Brooks Green
Accountants
Abbey House
342 Regents Park Road
London
London
N3 2LJ

30 December 2015

Page 1

Dataflow I.T. Limited
(Registration number: 03451101)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					8,708			11,598
Investments					550			550
					9,258			12,148
Current assets
Stocks					98,084			102,130
Debtors					1,343,373			1,382,692
Cash at bank and in hand					447,018			767,617
					1,888,475			2,252,439
Creditors: Amounts falling due within one year					(409,327)			(738,077)
Net current assets					1,479,148			1,514,362
Net assets					1,488,406			1,526,510
Capital and reserves
Called up share capital		3			1,000			1,000
Profit and loss account					1,487,406			1,525,510
Shareholders' funds					1,488,406			1,526,510

For the year ending 31 December 2014 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 directors acknowledge their 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 Board on 30 December 2015 and signed on its behalf by:

...................................................... Murray Thompson Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Dataflow I.T. Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... 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

The assets are written off over their estimated useful economic lives.

Asset class	Depreciation method and rate
Office equipment	25% RB

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stock

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

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 3

Dataflow I.T. Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

2	Fixed assets

		Tangible assets £			Investments £			Total £
Cost
At 1 January 2014		238,203			550			238,753
At 31 December 2014		238,203			550			238,753
Depreciation
At 1 January 2014		226,605			-			226,605
Charge for the year		2,890			-			2,890
At 31 December 2014		229,495			-			229,495
Net book value
At 31 December 2014		8,708			550			9,258
At 31 December 2013		11,598			550			12,148

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary shares of £1 each		1,000			1,000			1,000			1,000

Page 4