IN-SYTE BUSINESS SOLUTIONS LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07589111 (England and Wales)

IN-SYTE BUSINESS SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2018

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTOR:

Miss S D Harding

SECRETARY:

REGISTERED OFFICE:

Ferndale House

3 Firs Street

Dudley

West Midlands

DY2 7DN

REGISTERED NUMBER:

07589111 (England and Wales)

ACCOUNTANTS:

PPG Accountants Ltd

Ferndale House

3 Firs Street

Dudley

West Midlands

DY2 7DN

FIXED ASSETS

Tangible assets

4

677

903

CREDITORS

Amounts falling due within one year

5

8,105

6,566

NET CURRENT LIABILITIES

(8,105

)

(6,566

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(7,428

)

(5,663

)

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

(7,928

)

(6,163

)

SHAREHOLDERS' FUNDS

(7,428

)

(5,663

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 15 January 2019 and were signed by:

Miss S D Harding - Director

1.	STATUTORY INFORMATION

IN-SYTE BUSINESS SOLUTIONS LTD is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 1 ).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 May 2017

and 30 April 2018

956

2,850

3,806

DEPRECIATION

At 1 May 2017

729

2,174

2,903

Charge for year

57

169

226

At 30 April 2018

786

2,343

3,129

NET BOOK VALUE

At 30 April 2018

170

507

677

At 30 April 2017

227

676

903

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts

6

36

Trade creditors

1,232

4,343

Tax

-

2,177

Directors' current accounts

6,867

10

8,105

6,566

6.	ULTIMATE CONTROLLING PARTY

The controlling party is Miss S D Harding.