Abbreviated Company Accounts - IT ADVANTAGE LIMITED

Abbreviated Company Accounts - IT ADVANTAGE LIMITED

IT ADVANTAGE LIMITED - Company Information

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Registered Number 06242173

IT ADVANTAGE LIMITED

Abbreviated Accounts

31 March 2016

IT ADVANTAGE LIMITED Registered Number 06242173

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 900 3,892
900 3,892
Current assets
Debtors 764 4,007
Cash at bank and in hand 85,256 28,547
86,020 32,554
Creditors: amounts falling due within one year (24,691) (10,819)
Net current assets (liabilities) 61,329 21,735
Total assets less current liabilities 62,229 25,627
Total net assets (liabilities) 62,229 25,627
Capital and reserves
Called up share capital 100 100
Profit and loss account 62,129 25,527
Shareholders' funds 62,229 25,627
  • For the year ending 31 March 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 24 October 2016

And signed on their behalf by:
M QUELCH, Director

IT ADVANTAGE LIMITED Registered Number 06242173

Notes to the Abbreviated Accounts for the period ended 31 March 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 VAT

Tangible assets depreciation policy
Depreciation is at 33.3% straight line method

2Tangible fixed assets
£
Cost
At 1 April 2015 22,001
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 22,001
Depreciation
At 1 April 2015 18,109
Charge for the year 2,992
On disposals -
At 31 March 2016 21,101
Net book values
At 31 March 2016 900
At 31 March 2015 3,892