Abbreviated Company Accounts - BS INFO TECH LIMITED

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Registered Number 05982162

BS INFO TECH LIMITED

Abbreviated Accounts

31 March 2014

BS INFO TECH LIMITED Registered Number 05982162

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	5,583	7,445
Investments		-	-
		5,583	7,445
Current assets
Stocks		-	-
Debtors		32,948	28,783
Investments		-	-
Cash at bank and in hand		12,999	34,075
		45,947	62,858
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(38,053)	(65,907)
Net current assets (liabilities)		7,894	(3,049)
Total assets less current liabilities		13,477	4,396
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		13,477	4,396
Capital and reserves
Called up share capital		3	3
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		13,474	4,393
Shareholders' funds		13,477	4,396

For the year ending 31 March 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.

Approved by the Board on 23 December 2014

And signed on their behalf by:
Mr R. Morrow, Director

BS INFO TECH LIMITED Registered Number 05982162

Notes to the Abbreviated Accounts for the period ended 31 March 2014

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 net invoiced sales of services, excluding value added tax.

Intangible assets amortisation policy
Depreciation is provided on a reducing balance basis at the following annual rates in order to write off each asset over its estimated useful life : Machinery and Equipment etc – 25%

Other accounting policies
The financial statements have been prepared on a going concern basis which is dependent upon the continuing support of the company’s directors to enable the company to continue in operational existence for the foreseeable future.

2Tangible fixed assets

	£
Cost
At 1 April 2013	27,533
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2014	27,533
Depreciation
At 1 April 2013	20,088
Charge for the year	1,862
On disposals	-
At 31 March 2014	21,950
Net book values
At 31 March 2014	5,583
At 31 March 2013	7,445

Depreciation is provided on Machinery & Equipment at an annual rate of 25% on a reducing balance basis during the useful life of each asset.