Intellitek Limited - Period Ending 2016-10-31

Registration number: 08250143

Intellitek Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 October 2016
 

Intellitek Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2

Intellitek Limited
(Registration number: 08250143)
Abbreviated Balance Sheet at 31 October 2016

		Note			2016 £			2015 £
Current assets
Cash at bank and in hand					65,561			36,080
Creditors: Amounts falling due within one year					(25,883)			(23,880)
Net assets					39,678			12,200
Capital and reserves
Called up share capital		2			1			1
Profit and loss account					39,677			12,199
Shareholders' funds					39,678			12,200

For the year ending 31 October 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 director acknowledges his 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 director on 23 February 2017

.........................................
Francisco Javier Reid Huelves
Director

The notes on page 2 form an integral part of these financial statements.
Page 1

Intellitek Limited
Notes to the Abbreviated Accounts for the Year Ended 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Deferred tax

Where material, full provision is made for deferred tax asset and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation. A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences to be deducted.

Foreign currency

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

2	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		1			1			1			1

Page 2