Flawless IT Ltd - Limited company - abbreviated - 11.0.0
Flawless IT Ltd - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 March 2014 |
| for |
| Flawless IT Ltd |
| Flawless IT Ltd (Registered number: 07549761) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Accountants' Report | 4 |
| Flawless IT Ltd |
| Company Information |
| for the Year Ended 31 March 2014 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Flawless IT Ltd (Registered number: 07549761) |
| Abbreviated Balance Sheet |
| 31 March 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 2 |
| CURRENT ASSETS |
| Stocks |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 3 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 4 |
| 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. |
| The financial statements were approved by the director on |
| Flawless IT Ltd (Registered number: 07549761) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 March 2014 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention and are in accordance with |
| applicable accounting standards. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| 2. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 2014 | 2013 |
| £ | £ |
| Brought forward | 12,549 | - |
| Capital introduced |
| Partnership profit share |
| Drawings | ( |
) | ( |
) |
| 3. | CREDITORS |
| Creditors include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable otherwise than by instalments | 149,354 | - |
| 4. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| Ordinary | £1 |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Flawless IT Ltd |
| The following reproduces the text of the report prepared for the director 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 Flawless IT Ltd for the year ended 31 March 2014 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 director of Flawless IT Ltd in accordance with our terms of engagement. Our work has been |
| undertaken solely to prepare for your approval the financial statements of Flawless IT Ltd and state those matters that we |
| have agreed to state to the director of Flawless IT Ltd 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 director for our work or for this report. |
| It is your duty to ensure that Flawless IT Ltd 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 profit of Flawless IT Ltd. You consider |
| that Flawless IT Ltd 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 Flawless IT Ltd. 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. |
| Date: ............................................. |