Netignite Limited - Abbreviated accounts

Registered number

07625725

Netignite Limited

Abbreviated Accounts

31 March 2016

Netignite Limited
Registered number:		07625725
Abbreviated Balance Sheet
as at 31 March 2016

Notes			2016			2015
£				£
Fixed assets
Tangible assets	2		556			-

Current assets
Debtors		5,000			-
Cash at bank and in hand		46,960			10
		51,960			10

Creditors: amounts falling due within one year		(11,916)			-

Net current assets			40,044			10

Net assets			40,600			10

Capital and reserves
Called up share capital	3		10			10
Profit and loss account			40,590			-

Shareholders' funds			40,600			10

The directors are 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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.



H Harrington
Director
Approved by the board on 9 December 2016

Netignite Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016

1	Accounting policies

	Basis of preparation
	The accounts 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 value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

	Depreciation
	Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

	Plant and machinery			20% on reducing balance
	Motor vehicles			25% straight line

	Deferred taxation
	Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse.


2	Tangible fixed assets					£

	Cost
	Additions					829
	At 31 March 2016					829

	Depreciation
	Charge for the year					273
	At 31 March 2016					273

	Net book value
	At 31 March 2016					556


3	Share capital	Nominal		2016		2016		2015
value			Number		£		£
	Allotted, called up and fully paid:
	Ordinary shares	£0.01 each		1,000		10		10