Advantec Internet Services Limited - Abbreviated accounts

ADVANTEC INTERNET SERVICES LIMITED - Company Information

Registered number

06515878

Advantec Internet Services Limited

Abbreviated unaudited financial statements

31 March 2016

Advantec Internet Services Limited
Registered number:		06515878
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		9,893			8,044

Current assets
Debtors		144,082			186,568
Cash at bank and in hand		10,017			93
		154,099			186,661

Creditors: amounts falling due within one year		(101,109)			(116,576)

Net current assets			52,990			70,085

Total assets less current liabilities			62,883			78,129

Creditors: amounts falling due after more than one year			-			(30,936)

Provisions for liabilities			(1,292)			(1,292)


Net assets			61,591			45,901

Capital and reserves
Called up share capital	3		100			100
Profit and loss account			61,491			45,801

Shareholders' funds			61,591			45,901

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



……………………………………………

Mr A C Brittain
Director
Approved by the board on 30.06.2016

Advantec Internet Services Limited
Notes to the Abbreviated unaudited financial statements
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The unaudited financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	Turnover
	Turnover represents revenue earned in respect of goods and services supplied by the company.
	Revenue is recognised as earned when, and to the extent that, the company obtains the right to consideration in exchange for its performance under those contract. It is measured at the fair value of the right to consideration, which represents amounts chargeable to customers, including rechargeable expenses and material, net of trade discounts and excluding Value Added Tax.
	For incomplete contracts, an assessment is made of the extend to which revenue has been earned. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms. Unbilled revenue is included in debtors, under "amount recoverable on contracts."

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Fixtures and fittings			20% reducing balance
	Computer equipment			33% on cost

	Deferred taxation
	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
	Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

	Pension costs and other post-retirement benefits
	The company contributes to a director's personal pension scheme. Contributions to this scheme are charged to the profit and loss account in the period to which they relate.


2	Tangible fixed assets					£

	Cost
	At 1 April 2015					28,544
	Additions					4,846
	Disposals					(304)
	At 31 March 2016					33,086

	Depreciation
	At 1 April 2015					20,500
	Charge for the year					2,751
	On disposals					(58)
	At 31 March 2016					23,193

	Net book value
	At 31 March 2016					9,893
	At 31 March 2015					8,044


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		100		100		100