INTERACTIV SOLUTIONS (SCOTLAND) LIMITED - Abbreviated accounts 16.3

REGISTERED NUMBER: SC276467 (Scotland)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

INTERACTIV SOLUTIONS (SCOTLAND) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

D Nicol

Mrs M Nicol

SECRETARY:

D Nicol

REGISTERED OFFICE:

14 Devine Grove

Newmains

Wishaw

ML2 9BB

REGISTERED NUMBER:

SC276467 (Scotland)

ACCOUNTANTS:

Thomson Currie Accountancy Limited

Chartered Accountants

PO Box 9186

7 Pickering House

Netherton Road

Wishaw

ML2 0YP

FIXED ASSETS

Tangible assets

2

612

816

CURRENT ASSETS

Stocks

130

750

Debtors

1,594

2,263

Cash at bank and in hand

16

51

1,740

3,064

CREDITORS

Amounts falling due within one year

4,467

3,290

NET CURRENT LIABILITIES

(2,727

)

(226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(2,115

)

590

PROVISIONS FOR LIABILITIES

122

163

NET (LIABILITIES)/ASSETS

(2,237

)

427

CAPITAL AND RESERVES

Called up share capital

3

300

300

Profit and loss account

(2,537

)

127

SHAREHOLDERS' FUNDS

(2,237

)

427

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 9 December 2016 and were signed on its behalf by:

Mrs M Nicol - 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 the total value of sales of goods and services for the year, 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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 April 2015

and 31 March 2016

4,905

DEPRECIATION

At 1 April 2015

4,089

Charge for year

204

At 31 March 2016

4,293

NET BOOK VALUE

At 31 March 2016

612

At 31 March 2015

816

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

300

Ordinary

£1

300

300

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Creditors falling due within one year includes a directors loan account. The loan account was not overdrawn

during the year.