Abbreviated Company Accounts - AGILE INFORMATION TECHNOLOGY LIMITED

Abbreviated Company Accounts - AGILE INFORMATION TECHNOLOGY LIMITED


Registered Number 06486661

AGILE INFORMATION TECHNOLOGY LIMITED

Abbreviated Accounts

31 January 2016

AGILE INFORMATION TECHNOLOGY LIMITED Registered Number 06486661

Abbreviated Balance Sheet as at 31 January 2016

Notes 2016 2015
£ £
Current assets
Debtors 251 30
Cash at bank and in hand 204,306 100,658
204,557 100,688
Creditors: amounts falling due within one year (76,286) (45,777)
Net current assets (liabilities) 128,271 54,911
Total assets less current liabilities 128,271 54,911
Total net assets (liabilities) 128,271 54,911
Capital and reserves
Called up share capital 2 1 1
Profit and loss account 128,270 54,910
Shareholders' funds 128,271 54,911
  • For the year ending 31 January 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 directors acknowledge their 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 Board on 14 October 2016

And signed on their behalf by:
Ahmad Sabaghy, Director

AGILE INFORMATION TECHNOLOGY LIMITED Registered Number 06486661

Notes to the Abbreviated Accounts for the period ended 31 January 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities.

Other accounting policies
Deferred taxation - Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

2Called Up Share Capital
Allotted, called up and fully paid:
2016
£
2015
£
1 Ordinary shares of £1 each 1 1