Abbreviated Company Accounts - BUSINESS INTELLIGENCE SYSTEMS LIMITED

Abbreviated Company Accounts - BUSINESS INTELLIGENCE SYSTEMS LIMITED

BUSINESS INTELLIGENCE SYSTEMS LIMITED - Company Information

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Registered Number 03352566

BUSINESS INTELLIGENCE SYSTEMS LIMITED

Abbreviated Accounts

15 April 2015

BUSINESS INTELLIGENCE SYSTEMS LIMITED Registered Number 03352566

Abbreviated Balance Sheet as at 15 April 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 8,752 10,012
8,752 10,012
Current assets
Debtors 5,388 7,974
Cash at bank and in hand 15,024 41,103
20,412 49,077
Creditors: amounts falling due within one year (25,230) (21,056)
Net current assets (liabilities) (4,818) 28,021
Total assets less current liabilities 3,934 38,033
Creditors: amounts falling due after more than one year 0 (18,181)
Provisions for liabilities (1,171) (1,295)
Total net assets (liabilities) 2,763 18,557
Capital and reserves
Called up share capital 3 100 100
Profit and loss account 2,663 18,457
Shareholders' funds 2,763 18,557
  • For the year ending 15 April 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 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 14 January 2016

And signed on their behalf by:
Mr R Pelpola, Director
Mrs T Pelpola, Director

BUSINESS INTELLIGENCE SYSTEMS LIMITED Registered Number 03352566

Notes to the Abbreviated Accounts for the period ended 15 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied
during the year, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates
calculated to write off the cost of fixed assets, less their estimated residual value, over their
expected useful lives on the following bases:
Office equipment - 25% per annum reducing balance

Other accounting policies
Deferred taxation
Full provision is made for deferred tax assets and liabilities arising from all timing differences
between the recognition of gains and losses in the financial statements and recognition in the tax
computation.
A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time
the timing differences are expected to reverse.
Deferred tax assets and liabilities are not discounted.

2Tangible fixed assets
£
Cost
At 16 April 2014 74,905
Additions 1,961
Disposals -
Revaluations -
Transfers -
At 15 April 2015 76,866
Depreciation
At 16 April 2014 64,893
Charge for the year 3,221
On disposals -
At 15 April 2015 68,114
Net book values
At 15 April 2015 8,752
At 15 April 2014 10,012
3Called Up Share Capital
Allotted, called up and fully paid:
2015
£		 2014
£
100 Ordinary shares of £1 each 100 100