Effective Information Systems Limited - Limited company - abbreviated - 11.9
Effective Information Systems Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 31 May 2015 |
| for |
| Effective Information Systems Limited |
| Effective Information Systems Limited (Registered number: 02925117) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 May 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Effective Information Systems Limited |
| Company Information |
| for the Year Ended 31 May 2015 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Effective Information Systems Limited (Registered number: 02925117) |
| Abbreviated Balance Sheet |
| 31 May 2015 |
| 31.5.15 | 31.5.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Effective Information Systems Limited (Registered number: 02925117) |
| Abbreviated Balance Sheet - continued |
| 31 May 2015 |
| The financial statements were approved by the director on |
| Effective Information Systems Limited (Registered number: 02925117) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 May 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April |
| 2008). |
| Turnover |
| Turnover represents net invoiced sales of services, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Investment properties |
| In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), no depreciation |
| is provided for in respect of investment properties. Such properties are held for their investment potential and not |
| for their consumption within the business. This is a departure from the Companies Act 2006 which requires all |
| properties to be depreciated. |
| The director considers that this departure from the accounting requirement of Companies Act 2006 is necessary |
| to ensure that the financial statements show a true and fair view. Investment properties are stated at their market |
| value at the balance sheet date. |
| Deferred tax |
| The charge for taxation takes into account taxation deferred as a result of timing differences between the |
| treatment of certain items for taxation and accounting purposes, except to the extent that the effect of applying |
| this policy is not material to the financial statements. In general, deferred taxation is recognised in respect of |
| timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets |
| are recognised only to the extent that the directors consider that it is more likely than not that they will be |
| recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred taxation is |
| measured on a non-discounted basis at the average tax rates that would apply when the timing differences are |
| expected to reverse, based on tax rates and laws that have been enacted by the balance sheet date. |
| No provision has been made for deferred tax on certain gains recognised on revaluing properties to their market |
| values as the company does not intend to sell the revalued assets. |
| Pension costs |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| Effective Information Systems Limited (Registered number: 02925117) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 June 2014 |
| Additions |
| At 31 May 2015 |
| DEPRECIATION |
| At 1 June 2014 |
| Charge for year |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 June 2014 |
| Additions |
| Revaluations |
| At 31 May 2015 |
| NET BOOK VALUE |
| At 31 May 2015 |
| At 31 May 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.5.15 | 31.5.14 |
| £ | £ |
| Repayable otherwise than by instalments | 561,000 | 561,000 |
| Repayable by instalments | 246,589 | 216,540 |
| 807,589 | 777,540 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.5.15 | 31.5.14 |
| value: | £ | £ |
| Ordinary | £1 |
| Effective Information Systems Limited (Registered number: 02925117) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 May 2015 |
| 6. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 May 2015 and |
| 31 May 2014: |
| 31.5.15 | 31.5.14 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |