Innovative Team Solutions Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 07791044

Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Innovative Team Solutions Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

Mr M Shivanandappa

SECRETARY:

Mrs B Basavarajappa

REGISTERED OFFICE:

14 Tunstall Avenue

Hainault

Ilford

Essex

IG6 3EG

REGISTERED NUMBER:

07791044

ACCOUNTANT:

SJD Accountancy Birmingham

Latimer House

6 Edward Street

Birmingham

West Midlands

B1 2RX

FIXED ASSETS

Tangible assets

2

491

1,072

CURRENT ASSETS

Debtors

279

487

Cash at bank

53,838

77,955

54,117

78,442

CREDITORS

Amounts falling due within one year

19,378

26,354

NET CURRENT ASSETS

34,739

52,088

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,230

53,160

CAPITAL AND RESERVES

Called up share capital

3

10

Profit and loss account

35,220

53,150

SHAREHOLDERS' FUNDS

35,230

53,160

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Manjunatha Shivanandappa the director on 16 June 2017 and were signed
by:

Mr M Shivanandappa - 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 services, 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.

Computer equipment

-

33% on cost

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 1 October 2015

and 30 September 2016

2,018

DEPRECIATION

At 1 October 2015

946

Charge for year

581

At 30 September 2016

1,527

NET BOOK VALUE

At 30 September 2016

491

At 30 September 2015

1,072

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

10

Ordinary

1

10