Abbreviated Company Accounts - ITEBA SP LIMITED

02709209 ITEBA SP LIMITED 2015-12-31 false 2015-01-01 2015-12-31 true 02709209 2015-01-01 2015-12-31 02709209 2015-12-31 02709209 2014-12-31 02709209 uk-gaap-cd-bus:Director1 2015-01-01 2015-12-31 02709209 uk-gaap-cd-bus:Director2 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-01-01 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-12-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-12-31 iso4217:GBP shares

Registered Number 02709209

ITEBA SP LIMITED

Abbreviated Accounts

31 December 2015

ITEBA SP LIMITED Registered Number 02709209

Abbreviated Balance Sheet as at 31 December 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets	2	159,384	161,434
Tangible assets	3	29,038	30,974
		188,422	192,408
Current assets
Debtors		489,461	457,347
Cash at bank and in hand		28,406	9,556
		517,867	466,903
Creditors: amounts falling due within one year		(205,705)	(224,953)
Net current assets (liabilities)		312,162	241,950
Total assets less current liabilities		500,584	434,358
Creditors: amounts falling due after more than one year		(74,382)	(37,879)
Total net assets (liabilities)		426,202	396,479
Capital and reserves
Called up share capital	4	500,000	500,000
Share premium account		491,500	491,500
Profit and loss account		(565,298)	(595,021)
Shareholders' funds		426,202	396,479

For the year ending 31 December 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 23 March 2016

And signed on their behalf by:
PA Griffin, Director

ITEBA SP LIMITED Registered Number 02709209

Notes to the Abbreviated Accounts for the period ended 31 December 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 the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 33.3%

Intangible assets amortisation policy
Acquired goodwill is written off in annual instalments over its estimated useful economic life.

2Intangible fixed assets

	£
Cost
At 1 January 2015	266,456
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	266,456
Amortisation
At 1 January 2015	105,022
Charge for the year	2,050
On disposals	-
At 31 December 2015	107,072
Net book values
At 31 December 2015	159,384
At 31 December 2014	161,434

3Tangible fixed assets

	£
Cost
At 1 January 2015	38,714
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 December 2015	38,714
Depreciation
At 1 January 2015	7,740
Charge for the year	1,936
On disposals	-
At 31 December 2015	9,676
Net book values
At 31 December 2015	29,038
At 31 December 2014	30,974

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

	2015 £	2014 £
500,000 Ordinary shares of £1 each	500,000	500,000