INTELLIWORKS LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 05256960 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 October 2015

for

INTELLIWORKS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTORS:

Mrs Alexandra Willis

Mr Ceri Willis

SECRETARY:

Mrs Alexandra Willis

REGISTERED OFFICE:

47 Wolseley Gardens

London

W4 3LZ

REGISTERED NUMBER:

05256960 (England and Wales)

ACCOUNTANTS:

Golder Baqa

Chartered Tax Advisers & Accountants

Ground Floor

1 Baker's Row

London

EC1R 3DB

FIXED ASSETS

Tangible assets

2

1,122

1,496

CURRENT ASSETS

Debtors

3,600

Cash at bank

151,120

114,882

154,720

118,482

CREDITORS

Amounts falling due within one year

33,051

21,183

NET CURRENT ASSETS

121,669

97,299

TOTAL ASSETS LESS CURRENT LIABILITIES

122,791

98,795

CAPITAL AND RESERVES

Called up share capital

3

2

1

Profit and loss account

122,789

98,794

SHAREHOLDERS' FUNDS

122,791

98,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 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 25 April 2016 and were signed on its behalf by:

Mrs Alexandra Willis - 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 January 2015).

Exemption from preparing a cash flow statement

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from

the requirement to prepare such a statement under Financial Reporting Standard 1 Cash Flow Statements/Financial

Reporting Standard for Smaller Entities(effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding Value Added Tax.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods

different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing

differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are

expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no

commitment to sell the asset.

Deferred tax assets and liabilities are not discounted.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2014

and 31 October 2015

3,789

DEPRECIATION

At 1 November 2014

2,293

Charge for year

374

At 31 October 2015

2,667

NET BOOK VALUE

At 31 October 2015

1,122

At 31 October 2014

1,496

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.15

31.10.14

value:

£

1

Ordinary A

£1.00

1

Ordinary B

£1

1

-

2

1

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

LOAN FROM DIRECTOR

During the year, the company was provided with a loan in the sum of £3,333 (2014: £2,464) by Mr C Willis and Mrs A

Willis, the directors of the company. This loan is repayable on demand.