Intranet Software Solutions (Europe) Ltd - Abbreviated accounts 16.1

Intranet Software Solutions (Europe) Ltd - Abbreviated accounts 16.1

INTRANET SOFTWARE SOLUTIONS (EUROPE) LIMITED - Company Information

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REGISTERED NUMBER: 03218933 (England and Wales)















ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

INTRANET SOFTWARE SOLUTIONS (EUROPE) LTD

INTRANET SOFTWARE SOLUTIONS (EUROPE) LTD (REGISTERED NUMBER: 03218933)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016




Page

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

INTRANET SOFTWARE SOLUTIONS (EUROPE) LTD (REGISTERED NUMBER: 03218933)

ABBREVIATED BALANCE SHEET
31 March 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 18,260 28,913

CURRENT ASSETS
Debtors 34,972 23,066
Cash at bank 14,058 26,913
49,030 49,979
CREDITORS
Amounts falling due within one year 41,737 35,125
NET CURRENT ASSETS 7,293 14,854
TOTAL ASSETS LESS CURRENT
LIABILITIES
25,553
43,767

CAPITAL AND RESERVES
Called up share capital 3 7 7
Profit and Loss Account 25,546 43,760
SHAREHOLDERS' FUNDS 25,553 43,767

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 11 October 2016 and were signed on its
behalf by:





C Cooper - Director


The notes form part of these abbreviated accounts

Page 1
INTRANET SOFTWARE SOLUTIONS (EUROPE) LTD (REGISTERED NUMBER: 03218933)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 31 March 2016

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 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.

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 April 2015
and 31 March 2016 107,447
DEPRECIATION
At 1 April 2015 78,534
Charge for year 10,653
At 31 March 2016 89,187
NET BOOK VALUE
At 31 March 2016 18,260
At 31 March 2015 28,913

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
7 Ordinary £1 7 7

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