Equasys IT Solutions Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 08842670 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 January 2016

for

EQUASYS IT SOLUTIONS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

Director:

A Burgess

Registered office:

Haines Watts

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Registered number:

08842670 (England and Wales)

Accountants:

Haines Watts Manchester Limited

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

2

2,969

4,547

Current assets

Debtors

137,275

46,173

Cash at bank

207,901

84,438

345,176

130,611

Creditors

Amounts falling due within one year

133,284

68,506

Net current assets

211,892

62,105

Total assets less current liabilities

214,861

66,652

Capital and reserves

Called up share capital

3

3

3

Profit and loss account

214,858

66,649

Shareholders' funds

214,861

66,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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 2 September 2016 and were signed by:

A Burgess - 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).

Turnover

Turnover represents net invoiced sales of goods, 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

-

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.

2.	Tangible fixed assets

Total

£

Cost

At 1 February 2015

and 31 January 2016

6,358

Depreciation

At 1 February 2015

1,811

Charge for year

1,578

At 31 January 2016

3,389

Net book value

At 31 January 2016

2,969

At 31 January 2015

4,547

3.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

as restated

£

£

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

3

3