Intelligise Limited - Period Ending 2014-01-31

Registration number: SC365240

Intelligise Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 January 2014
 

AIMS Accountants for Business
12 Ravenshall
Cleland
Motherwell
ML1 5HT

Intelligise Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Intelligise Limited
for the Year Ended 31 January 2014

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Intelligise Limited for the year ended 31 January 2014 set out on pages from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Intelligise Limited, as a body, in accordance with the terms of our engagement letterdated 2 June 2011. Our work has been undertaken solely to prepare for your approval the accounts of Intelligise Limited and state those matters that we have agreed to state to them, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intelligise Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Intelligise Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Intelligise Limited. You consider that Intelligise 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 accounts of Intelligise 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 accounts.

......................................

AIMS Accountants for Business
12 Ravenshall
Cleland
Motherwell
ML1 5HT

31 October 2014

Page 1

Intelligise Limited
(Registration number: SC365240)
Abbreviated Balance Sheet at 31 January 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					-			888
Current assets
Debtors					51,819			30,032
Cash at bank and in hand					783			130
					52,602			30,162
Creditors: Amounts falling due within one year					(52,008)			(30,152)
Net current assets					594			10
Total assets less current liabilities					594			898
Provisions for liabilities					-			(204)
Net assets					594			694
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					494			594
Shareholders' funds					594			694

For the year ending 31 January 2014 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 31 October 2014

.........................................
Mr Gordon MacIntyre-Kemp
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Intelligise Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... 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 April 2008).

Turnover

Turnover represents amounts chargeable, excluding value added tax, in respect of the provision of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office Equipment	3 Years straight line

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2013		2,386			2,386
At 31 January 2014		2,386			2,386
Depreciation
At 1 February 2013		1,498			1,498
Charge for the year		888			888
At 31 January 2014		2,386			2,386
Net book value
At 31 January 2014		-			-
At 31 January 2013		888			888

Page 3

Intelligise Limited
Notes to the Abbreviated Accounts for the Year Ended 31 January 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		100			100			100			100

4	Related party transactions

Director's advances and credits

	2014 Advance/ Credit £	2014 Repaid £	2013 Advance/ Credit £	2013 Repaid £
Mr Gordon MacIntyre-Kemp
Loan advance, interest chargeable at 5% per annum	35,000	7,000	7,000	10,445

Page 4