Independent Technical Consultancy Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 04469326 (England and Wales)

Abbreviated Accounts for the Year Ended 30th June 2016

for

Independent Technical Consultancy Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr A Smith

SECRETARY:

Mrs T J Smith

REGISTERED OFFICE:

Ground Floor, Southway House

29 Southway

Colchester

Essex

CO2 7BA

REGISTERED NUMBER:

04469326 (England and Wales)

FIXED ASSETS

Tangible assets

2

609

408

CURRENT ASSETS

Debtors

42,768

9,836

Cash at bank

217

26,199

42,985

36,035

CREDITORS

Amounts falling due within one year

22,125

22,570

NET CURRENT ASSETS

20,860

13,465

TOTAL ASSETS LESS CURRENT LIABILITIES

21,469

13,873

PROVISIONS FOR LIABILITIES

102

-

NET ASSETS

21,367

13,873

CAPITAL AND RESERVES

Called up share capital

3

125

125

Profit and loss account

21,242

13,748

SHAREHOLDERS' FUNDS

21,367

13,873

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 in accordance with Section 476 of the Companies Act 2006.

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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 15th February 2017 and were signed by:

Mr A Smith - Director

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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

4,245

Additions

400

At 30th June 2016

4,645

DEPRECIATION

At 1st July 2015

3,837

Charge for year

199

At 30th June 2016

4,036

NET BOOK VALUE

At 30th June 2016

609

At 30th June 2015

408

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

125

Ordinary

£1

125

125