Abbreviated Company Accounts - CIBANDO LTD

Registered Number 07789339

CIBANDO LTD

Abbreviated Accounts

30 September 2013

CIBANDO LTD Registered Number 07789339

Abbreviated Balance Sheet as at 30 September 2013

	2013	2012
	£	£
Current assets
Debtors	211,606	181,250
Cash at bank and in hand	370,295	14,733
	581,901	195,983
Creditors: amounts falling due within one year	(1,965)	(1,065)
Net current assets (liabilities)	579,936	194,918
Total assets less current liabilities	579,936	194,918
Total net assets (liabilities)	579,936	194,918
Capital and reserves
Called up share capital	1,738	1,063
Share premium account	613,247	208,937
Profit and loss account	(35,049)	(15,082)
Shareholders' funds	579,936	194,918

For the year ending 30 September 2013 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.

Approved by the Board on 31 July 2014

And signed on their behalf by:
Mauro Baeli, Director

CIBANDO LTD Registered Number 07789339

Notes to the Abbreviated Accounts for the period ended 30 September 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company’s ordinary activities

Other accounting policies
Deferred taxation - Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.