Abbreviated Company Accounts - IT AMBULANCE LIMITED

IT AMBULANCE LIMITED - Company Information

05344413 IT AMBULANCE LIMITED 2015-07-31 false 2014-08-01 2015-07-31 true 05344413 2014-08-01 2015-07-31 05344413 2015-07-31 05344413 2014-07-31 05344413 uk-gaap-cd-bus:Director1 2014-08-01 2015-07-31 05344413 uk-gaap-cd-bus:Director2 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2014-08-01 2015-07-31 uk-gaap-cd-bus:Director3 2015-07-31 uk-gaap-cd-bus:Director3 2014-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-08-01 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-31 iso4217:GBP shares

Registered Number 05344413

IT AMBULANCE LIMITED

Abbreviated Accounts

31 July 2015

IT AMBULANCE LIMITED Registered Number 05344413

Abbreviated Balance Sheet as at 31 July 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,629	2,878
		1,629	2,878
Current assets
Stocks		30,820	34,173
Debtors	3	171,275	148,195
		202,095	182,368
Creditors: amounts falling due within one year		(141,178)	(134,958)
Net current assets (liabilities)		60,917	47,410
Total assets less current liabilities		62,546	50,288
Creditors: amounts falling due after more than one year		(8,351)	-
Provisions for liabilities		(191)	(411)
Total net assets (liabilities)		54,004	49,877
Capital and reserves
Called up share capital	4	1	1
Profit and loss account		54,003	49,876
Shareholders' funds		54,004	49,877

For the year ending 31 July 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 29 April 2016

And signed on their behalf by:
Mr F Connelly, Director

IT AMBULANCE LIMITED Registered Number 05344413

Notes to the Abbreviated Accounts for the period ended 31 July 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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Other accounting policies
Stocks: Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Deferred Tax: Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Hire Purchase and Leasing Commitments: Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

2Tangible fixed assets

	£
Cost
At 1 August 2014	19,184
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 July 2015	19,184
Depreciation
At 1 August 2014	16,306
Charge for the year	1,249
On disposals	-
At 31 July 2015	17,555
Net book values
At 31 July 2015	1,629
At 31 July 2014	2,878

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	40,416	27,137

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 A Ordinary shares of £0.01 each	1	1

25 B Ordinary shares of £0.01 each: 2015 - £0.25
2014 - £0.25

5Transactions with directors

Name of director receiving advance or credit:	Connelly It Limited a company in which Mr Connelly is a Director and Shareholder.
Description of the transaction:	Loans to the value of £18,326 were made from IT Ambulance Ltd to Connelly IT Ltd during the year.
Balance at 1 August 2014:	£ 22,090
Advances or credits made:	£ 18,326
Advances or credits repaid:	-
Balance at 31 July 2015:	£ 40,416