Image X Systems Ltd - Accounts to registrar - small 17.2
Image X Systems Ltd - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 30 November 2016 |
| for |
| Image X Systems Ltd |
| Image X Systems Ltd (Registered number: 03273223) |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2016 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Chartered Accountants' Report | 6 |
| Image X Systems Ltd |
| Company Information |
| for the Year Ended 30 November 2016 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| Image X Systems Ltd (Registered number: 03273223) |
| Balance Sheet |
| 30 November 2016 |
| 30.11.16 | 30.11.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Debtors | 3 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 5 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Profit and loss account | 7 |
| SHAREHOLDERS' FUNDS |
| 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 financial statements were approved by the director on |
| Image X Systems Ltd (Registered number: 03273223) |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2016 |
| 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 |
| Fixtures and fittings | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
| scheme are charged to the profit and loss account in the period to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2015 |
| Additions |
| At 30 November 2016 |
| DEPRECIATION |
| At 1 December 2015 |
| Charge for year |
| At 30 November 2016 |
| NET BOOK VALUE |
| At 30 November 2016 |
| At 30 November 2015 |
| 3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Trade debtors | 114 | 114 |
| Prepayments | 51 | - |
| Image X Systems Ltd (Registered number: 03273223) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Tax |
| Social security and other taxes |
| VAT |
| Directors' current accounts | 158 | 1,076 |
| Accrued expenses | 690 | 689 |
| 5. | PROVISIONS FOR LIABILITIES |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Deferred tax |
| Deferred |
| tax |
| £ |
| Balance at 1 December 2015 |
| Utilised during year | ( |
) |
| Accelerated capital allowances |
| Balance at 30 November 2016 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.11.16 | 30.11.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 7. | RESERVES |
| Profit |
| and loss |
| account |
| £ |
| At 1 December 2015 |
| Profit for the year |
| Dividends | ( |
) |
| At 30 November 2016 |
| 8. | RELATED PARTY DISCLOSURES |
| During the year dividends of £21,800 were paid to the Director and close family. |
| 30.11.16 | 30.11.15 |
| £ | £ |
| Amount due to related party at the balance sheet date |
| Image X Systems Ltd (Registered number: 03273223) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2016 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Image X Systems Ltd |
| The following reproduces the text of the report prepared for the director and members in respect of the |
| company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
| only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other |
| primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
| financial statements of Image X Systems Ltd for the year ended 30 November 2016 which comprise the Profit and Loss |
| Account, the Balance Sheet and the related notes from the company's accounting records and from information and |
| explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Image X Systems Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Image X Systems Ltd and state those matters that we have agreed to state to the director of Image X Systems Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Image X Systems Ltd director for our work or for this report. |
| It is your duty to ensure that Image X Systems Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Image X Systems Ltd. You consider that Image X Systems Ltd 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 financial statements of Image X Systems Ltd. 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 financial statements. |
| Chartered Accountants |
| Date: ............................................. |