Forensit Limited - Period Ending 2016-02-29

Registration number: 04677128

Forensit Limited

trading as ForensiT Limited

Unaudited Abbreviated Accounts

for the Year Ended 29 February 2016
 

King & Taylor Limited
4th Floor, Joynes House
New Road
Gravesend
Kent
DA11 0AT

Forensit Limited
trading as ForensiT Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Forensit Limited
trading as ForensiT Limited
(Registration number: 04677128)
Abbreviated Balance Sheet at 29 February 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					73,480			73,776
Current assets
Debtors					28,144			8,294
Cash at bank and in hand					209,469			184,503
					237,613			192,797
Creditors: Amounts falling due within one year					(59,510)			(58,740)
Net current assets					178,103			134,057
Total assets less current liabilities					251,583			207,833
Creditors: Amounts falling due after more than one year					(16,650)			(34,484)
Net assets					234,933			173,349
Capital and reserves
Called up share capital		4			100			100
Profit and loss account					234,833			173,249
Shareholders' funds					234,933			173,349

For the year ending 29 February 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 1 November 2016

.........................................
Mr D Rowe
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Forensit Limited
trading as ForensiT Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Leasehold properties	Straight line over the life of the lease
Plant and machinery	33.3% straight line basis
Fixtures, fittings and equipment	25% reducing balance basis

Deferred tax

Deferred tax is provided on the liability method to take account of the timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. The company has not adopted a policy of discounting deferred tax assets and liabilities.

Foreign currency

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Page 2

Forensit Limited
trading as ForensiT Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 March 2015		136,440			136,440
Additions		2,854			2,854
At 29 February 2016		139,294			139,294
Depreciation
At 1 March 2015		62,664			62,664
Charge for the year		3,150			3,150
At 29 February 2016		65,814			65,814
Net book value
At 29 February 2016		73,480			73,480
At 28 February 2015		73,776			73,776

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2016 £			2015 £
Amounts falling due within one year		9,947			17,905
Amounts falling due after more than one year		16,662			34,484
Total secured creditors		26,609			52,389

4	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

Page 3

Forensit Limited
trading as ForensiT Limited
Notes to the Abbreviated Accounts for the Year Ended 29 February 2016
......... continued

5

Control

The company is controlled by Forensit Group Limited. Forensit Group Limited is the ultimate holding company owning 100% of the issued share capital. The ultimate controlling party is D Rowe, director.

Page 4