BUSINESS IT SOLUTIONS LIMITED Accounts filed on 30-06-2014

BUSINESS IT SOLUTIONS LIMITED - Company Information

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BUSINESS IT SOLUTIONS LIMITED

Company Registration Number:
02542221 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01st July 2013

End date: 30th June 2014

SUBMITTED

Company Information
for the Period Ended 30th June 2014

Director:		Stephen Barker






Registered office:		20 Telford Court, Old College
		Road, Newbury

		Berkshire

		RG14 1TF




Company Registration Number:		02542221 (England and Wales)

Abbreviated Balance sheet
As at 30th June 2014

	Notes	2014 £	2013 £
Fixed assets
Tangible assets:	4	342	413
Total fixed assets:		342	413
Current assets
Debtors:	5	2,854	2,700
Cash at bank and in hand:		44,356	28,551
Total current assets:		47,210	31,251
Creditors
Creditors: amounts falling due within one year	6	19,374	13,695
Net current assets (liabilities):		27,836	17,556
Total assets less current liabilities:		28,178	17,969
Total net assets (liabilities):		28,178	17,969

The notes form part of these financial statements

Abbreviated Balance sheet
As at 30th June 2014
continued

	Notes	2014 £	2013 £
Capital and reserves
Called up share capital:	7	2	2
Profit and Loss account:		28,176	17,967
Total shareholders funds:		28,178	17,969

For the year ending 30 June 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 directors acknowledge their 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 28 October 2014

SIGNED ON BEHALF OF THE BOARD BY:

Name: Stephen Barker
Status: Director

The notes form part of these financial statements

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

1. Accounting policies

Basis of measurement and preparation of accounts

The financial statements have been prepared under the historic cost convention and in accordance with the Financial Reporting Standard for Smaller Entities. (effective April 2008)

Turnover policy

The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

Tangible fixed assets depreciation policy

Depreciation is calculated so as to write off the cost of an asset, less it’s residual value, over the useful economic life of the asset as follows: Computer Hardware - 33% straight line

Valuation information and policy

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimate of amounts not invoiced. It is recognised by reference to the stage of completion

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

4. Tangible assets

	Total
Cost	£
At 01st July 2013:	2,578
Additions:	389
Disposals:	395
At 30th June 2014:	2,572
Depreciation
At 01st July 2013:	2,165
Charge for year:	460
On disposals:	395
At 30th June 2014:	2,230
Net book value
At 30th June 2014:	342
At 30th June 2013:	413

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

5. Debtors

	2014 £	2013 £
Trade debtors:	2,854	2,700
Total:	2,854	2,700

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

6. Creditors: amounts falling due within one year

	2014 £	2013 £
Trade creditors:	16	18
Taxation and social security:	16,004	10,355
Accruals and deferred income:	2,582	500
Other creditors:	772	2,822
Total:	19,374	13,695

Notes to the Abbreviated Accounts
for the Period Ended 30th June 2014

7. Called up share capital

Allotted, called up and paid

Previous period			2013
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2	1.00 1.00	2
Total share capital:			2

Current period			2014
Class	Number of shares	Nominal value per share	Total
Ordinary shares:	2	1.00 1.00	2
Total share capital:			2

BUSINESS IT SOLUTIONS LIMITED Accounts filed on 30-06-2014