Image X Systems Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 03273223 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Image X Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J K Taylor

SECRETARY:

Mrs C Taylor

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

03273223 (England and Wales)

ACCOUNTANTS:

Dunkley's

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

BANKERS:

Barclays Bank plc

Bristol & N Somerset Grp

PO Box 207

14 - 16 Queen Square

Bristol

BS99 7AJ

FIXED ASSETS

Tangible assets

2

6,435

6,627

CURRENT ASSETS

Debtors

114

Cash at bank

33,313

45,626

33,427

45,740

CREDITORS

Amounts falling due within one year

8,998

12,038

NET CURRENT ASSETS

24,429

33,702

TOTAL ASSETS LESS CURRENT
LIABILITIES

30,864

40,329

PROVISIONS FOR LIABILITIES

1,165

1,176

NET ASSETS

29,699

39,153

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

29,697

39,151

SHAREHOLDERS' FUNDS

29,699

39,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 26 August 2016 and were signed by:

J K Taylor - 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 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.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2014

56,539

Additions

1,953

At 30 November 2015

58,492

DEPRECIATION

At 1 December 2014

49,912

Charge for year

2,145

At 30 November 2015

52,057

NET BOOK VALUE

At 30 November 2015

6,435

At 30 November 2014

6,627

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.15

30.11.14

value:

£

2

Ordinary

£1

2