Infosec Skills Limited - Abbreviated accounts

INFOSEC SKILLS LTD - Company Information

Registered number

07743181

Infosec Skills Limited

Abbreviated Accounts

31 August 2016

Infosec Skills Limited
Registered number:		07743181
Abbreviated Balance Sheet
at 31 August 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		112			93

Current assets
Stocks		19,432			7,190
Debtors		37,876			5,984
Cash at bank and in hand		76,186			52,219
		133,494			65,393

Creditors: amounts falling due within one year		(21,289)			(10,270)

Net current assets			112,205			55,123

Net assets			112,317			55,216

Capital and reserves
Called up share capital	3		150			150
Profit and loss account			112,167			55,066

Shareholders' funds			112,317			55,216

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.



David Thomas Raimbach
Director
Approved by the board on 29 November 2016

Infosec Skills Limited
Notes to the Abbreviated Accounts
for the year ended 31 August 2016

1	Accounting policies

	Basis of preparation
	These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard for smaller entities effective January 2015 and with the Companies Act 2006.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract.

	Depreciation
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is calculated to write down the cost less estimated residual value of all tangible fixed assets over their expected useful lives, using the straight-line method:

	Plant and machinery			25% straight line
	Motor vehicles			25% straight line

	Stocks
	Stocks are valued at the lower of cost and estimated net realisable value. Work in progress and finished goods comprises materials, direct labour and attributable production overheads. Net realisable value is based on the estimated sales price after allowing for all further costs of completion and disposal.

	Deferred taxation
	Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date. Deferred tax is calculated using the tax rates and laws that that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference and is recognised in respect of all timing differences at the reporting date, except as otherwise indicated. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.


2	Tangible fixed assets					£

	Cost
	At 1 September 2015					124
	Additions					67
	At 31 August 2016					191

	Depreciation
	At 1 September 2015					31
	Charge for the year					48
	At 31 August 2016					79

	Net book value
	At 31 August 2016					112
	At 31 August 2015					93


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£1 each		2		150		150