Intranet Software Solutions (Europe) Ltd - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03218933 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

INTRANET SOFTWARE SOLUTIONS (EUROPE) LTD

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

2

FIXED ASSETS

Tangible assets

2

39,368

50,302

CURRENT ASSETS

Debtors

15,474

22,977

Cash at bank

7,464

35,687

22,938

58,664

CREDITORS

Amounts falling due within one year

29,275

40,946

NET CURRENT (LIABILITIES)/ASSETS

(6,337

)

17,718

TOTAL ASSETS LESS CURRENT LIABILITIES

33,031

68,020

CAPITAL AND RESERVES

Called up share capital

3

7

7

Profit and Loss Account

33,024

68,013

SHAREHOLDERS' FUNDS

33,031

68,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 9 September 2014 and were signed on its behalf by:

C Cooper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced value of services, excluding value added tax, except in respect of

service contracts when turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Software

-

20% on cost

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at

the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of

exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at

the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

106,505

Additions

442

At 31 March 2014

106,947

DEPRECIATION

At 1 April 2013

56,203

Charge for year

11,376

At 31 March 2014

67,579

NET BOOK VALUE

At 31 March 2014

39,368

At 31 March 2013

50,302

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

7

Ordinary

£1

7

7