Intelligent Access Limited - Limited company - abbreviated - 11.0.0
Intelligent Access Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2013 |
| FOR |
| INTELLIGENT ACCESS LIMITED |
| INTELLIGENT ACCESS LIMITED (REGISTERED NUMBER: 07421866) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Chartered Certified Accountants' Report | 4 |
| INTELLIGENT ACCESS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| INTELLIGENT ACCESS LIMITED (REGISTERED NUMBER: 07421866) |
| ABBREVIATED BALANCE SHEET |
| 31 OCTOBER 2013 |
| 2013 | 2012 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CREDITORS |
| Amounts falling due after more than one year |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 2 |
| Profit and loss account | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges his 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 financial statements were approved by the director on |
| INTELLIGENT ACCESS LIMITED (REGISTERED NUMBER: 07421866) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 OCTOBER 2013 |
| 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 April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods, excluding value added tax. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
| moving items. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 2. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2013 | 2012 |
| value: | £ | £ |
| Ordinary | £1 |
| 3. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 October 2013 and |
| 31 October 2012: |
| 2013 | 2012 |
| £ | £ |
| Balance outstanding at start of year | ( |
) |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Balance outstanding at end of year | ( |
) |
| Balance outstanding at start of year |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year | ( |
) |
| During the year Intelligent Access Limited paid Bernard Morton for consultancy fees |
| totalling £14,650 (2012 £26,000). |
| 4. | GOING CONCERN |
| The accounts have been prepared on a going concern basis as in the opinion of the directors, the company will |
| become profitable in future years. The previous director Mr R Wilson has a Directors loan to the company, of |
| which £56,836 has been deferred for more than one year and will only be repaid based upon future profitability |
| and cash flow. The remaining director, Mr T Knight, intends to support the company for the foreseeable future. |
| CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| INTELLIGENT ACCESS LIMITED |
| The following reproduces the text of the report prepared for the director in respect of the company's annual |
| unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to three) |
| have been prepared. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Intelligent Access Limited for the year ended 31 October 2013 which comprise the Profit and |
| Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and |
| other professional requirements which are detailed at http://rulebook.accaglobal.com. |
| This report is made solely to the director of Intelligent Access Limited in accordance with our terms of engagement. Our |
| work has been undertaken solely to prepare for your approval the financial statements of Intelligent Access Limited and |
| state those matters that we have agreed to state to the director of Intelligent Access Limited in this report in accordance |
| with the requirements of the Association of Chartered Certified Accountants as detailed at |
| http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume |
| responsibility to anyone other than the company and its director for our work or for this report. |
| It is your duty to ensure that Intelligent Access Limited has kept adequate accounting records and to prepare statutory |
| financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Intelligent |
| Access Limited. You consider that Intelligent Access Limited is exempt from the statutory audit requirement for the |
| year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Intelligent Access Limited. |
| For this reason, we have not verified the accuracy or completeness of the accounting records or information and |
| explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| Chartered Certified Accountants |
| 23 July 2014 |