i-Vigilant Technologies Limited - Period Ending 2016-01-31

Registration number: SC426362

i-Vigilant Technologies Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2016
 

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
AB24 5AX

i-Vigilant Technologies Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2 to 3

Notes to the Abbreviated Accounts 4 to 6

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 6) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
i-Vigilant Technologies Limited
for the Year Ended 31 January 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of i-Vigilant Technologies Limited for the year ended 31 January 2016 set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of i-Vigilant Technologies Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of i-Vigilant Technologies Limited and state those matters that we have agreed to state to them, as a body, in this report . To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than i-Vigilant Technologies Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that i-Vigilant Technologies Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of i-Vigilant Technologies Limited. You consider that i-Vigilant Technologies Limited 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 accounts of i-Vigilant Technologies Limited. 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 accounts.

......................................

Mint Strategies Ltd t/a Mint Accounting
56 King Street
Aberdeen
AB24 5AX

4 July 2016

Page 1

i-Vigilant Technologies Limited
(Registration number: SC426362)
Abbreviated Balance Sheet at 31 January 2016

		Note			31 January 2016 £			31 January 2015 £
Fixed assets
Tangible fixed assets					1,169			2,371
Current assets
Debtors					67,530			116,944
Cash at bank and in hand					9,111			258
					76,641			117,202
Creditors: Amounts falling due within one year					(37,760)			(75,778)
Net current assets					38,881			41,424
Total assets less current liabilities					40,050			43,795
Creditors: Amounts falling due after more than one year					-			(8,754)
Net assets					40,050			35,041
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					40,048			35,039
Shareholders' funds					40,050			35,041

For the year ending 31 January 2016 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 director acknowledges his 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 director on 4 July 2016

.........................................
Mr Anwar Sutan
Director

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 2

i-Vigilant Technologies Limited
(Registration number: SC426362)
Abbreviated Balance Sheet at 31 January 2016
......... continued

.........................................
Mrs Ria Sutan
Company secretary

The notes on pages 4 to 6 form an integral part of these financial statements.
Page 3

i-Vigilant Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 net invoiced sale of services or goods, excluding value added tax.

Amortisation

Amortisation is provided on intangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Amortisation method and rate
Patents	10% on cost

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Computer equipment	33% on cost
Plant & machinery	20% reducing balance

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 4

i-Vigilant Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2015		3,753			3,753
At 31 January 2016		3,753			3,753
Depreciation
At 1 February 2015		1,382			1,382
Charge for the year		1,202			1,202
At 31 January 2016		2,584			2,584
Net book value
At 31 January 2016		1,169			1,169
At 31 January 2015		2,371			2,371

3	Share capital

Allotted, called up and fully paid shares

	31 January 2016						31 January 2015
		No.			£			No.			£
Ordinary A shares of £1 each		1			1			1			1
Ordinary B shares of £1 each		1			1			1			1
		2			2			2			2

4	Related party transactions

Director's advances and credits

	Year ended 31 January 2016 Advance/ Credit £	Year ended 31 January 2016 Repaid £	1 July 2014 to 31 January 2015 Advance/ Credit £	1 July 2014 to 31 January 2015 Repaid £
Mr Anwar Sutan

Page 5

i-Vigilant Technologies Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2016
......... continued

During the year the company provided the director with an interest free loan, which is unsecured, repayable on demand, and shown under Other Debtors.	42,584	38,460	28,261	4,237
Mrs Ria Sutan
During the year the company provided the shareholder with an interest free loan, which is unsecured, repayable on demand and shown under Other Debtors.	31,990	34,410	14,650	4,000

Page 6