ITS HANDICRAFT LIMITED - Accounts

ITS HANDICRAFT LIMITED - Company Information

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Registered Number : 09704373

England and Wales

ITS HANDICRAFT LIMITED

Abridged Accounts

Period of accounts

Start date: 01 August 2016

End date: 31 July 2017

ITS HANDICRAFT LIMITED
Contents Page
For the year ended 31 July 2017

Statement of Financial Position
Notes to the Financial Statements

ITS HANDICRAFT LIMITED
Statement of Financial Position
As at 31 July 2017

	Notes	2017 £	2016 £
Current assets
Debtors		116	0
Cash at bank and in hand		322	188
		438	188
Creditors: amount falling due within one year		(10,941)	(2,230)
Net current assets		(10,503)	(2,042)

Total assets less current liabilities		(10,503)	(2,042)
Net assets		(10,503)	(2,042)

Capital and reserves
Called up share capital	2	200	0
Profit and loss account		(10,703)	(2,042)
Shareholders funds		(10,503)	(2,042)

For the year ended 31 July 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The members have agreed to the preparation of abridged accounts.

Signed on behalf of the board of directors

--------------------------------
Mr. Amit Gupta
Director

Date approved by the board: 16 April 2018

ITS HANDICRAFT LIMITED
Notes to the Abridged Financial Statements
For the year ended 31 July 2017

Statutory Information

ITS HANDICRAFT LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 09704373.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Share Capital

Allotted	2017 £		2016 £
200,000 ORD shares of £0.001 each	200		200
	200		200