Clip IT Solutions Limited - Period Ending 2018-03-31

Registration number: 04585819

Clip IT Solutions Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Gilbie Roberts Limited
Chartered Certified Accountants
1 Church Terrace
Yeovil
Somerset
BA20 1HX

Clip IT Solutions Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3 to 4
Notes to the Financial Statements	3

Clip IT Solutions Limited

Company Information

Directors

C J Purbrick S Purbrick

Registered office

Unit 3, 5B Watercombe Park Lynx Trading Estate Yeovil Somerset BA20 5SU

Accountants

Gilbie Roberts Limited Chartered Certified Accountants 1 Church Terrace Yeovil Somerset BA20 1HX

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Clip IT Solutions Limited
for the Year Ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Clip IT Solutions Limited for the year ended 31 March 2018 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of Clip IT Solutions Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Clip IT Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Clip IT Solutions Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clip IT Solutions Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Clip IT Solutions Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Clip IT Solutions Limited. You consider that Clip IT Solutions Limited 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 accounts of Clip IT Solutions Limited. 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 accounts.

......................................

Gilbie Roberts Limited
Chartered Certified Accountants
1 Church Terrace
Yeovil
Somerset
BA20 1HX

12 December 2018

Page 2

Clip IT Solutions Limited

(Registration number: 04585819)
Balance Sheet as at 31 March 2018

	2018 £	2017 £
Fixed assets	4,299	4,920
Current assets	386,995	359,350
Prepayments and accrued income	3,291	3,291
Creditors: Amounts falling due within one year	(61,323)	(62,867)
Net current assets	328,963	299,774
Total assets less current liabilities	333,262	304,694
Accruals and deferred income	(227,419)	(232,725)
	105,843	71,969
Capital and reserves	105,843	71,969

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3, 5B Watercombe Park
Lynx Trading Estate
Yeovil
Somerset
BA20 5SU

These financial statements were authorised for issue by the Board on 12 December 2018.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2017 - 6).

3	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £40,625 (2017 - £48,125).

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Page 3

Clip IT Solutions Limited

(Registration number: 04585819)
Balance Sheet as at 31 March 2018

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 12 December 2018 and signed on its behalf by:
 

.........................................

C J Purbrick
Director

Page 4