Image X Systems Ltd - Limited company - abbreviated

REGISTERED NUMBER: 03273223 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2013

for

Image X Systems Ltd

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J K Taylor

SECRETARY:

Mrs C Taylor

REGISTERED OFFICE:

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

REGISTERED NUMBER:

03273223 (England and Wales)

ACCOUNTANTS:

Dunkley's

Chartered Accountants

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

BS32 4JY

BANKERS:

Barclays Bank plc

Bristol & N Somerset Grp

PO Box 207

14 - 16 Queen Square

Bristol

BS99 7AJ

FIXED ASSETS

Tangible assets

2

5,704

6,377

CURRENT ASSETS

Debtors

114

6

Cash at bank

26,825

52,376

26,939

52,382

CREDITORS

Amounts falling due within one year

6,026

21,101

NET CURRENT ASSETS

20,913

31,281

TOTAL ASSETS LESS CURRENT
LIABILITIES

26,617

37,658

PROVISIONS FOR LIABILITIES

958

1,053

NET ASSETS

25,659

36,605

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

25,657

36,603

SHAREHOLDERS' FUNDS

25,659

36,605

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 7 August 2014 and were signed by:

J K Taylor - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

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

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2012

52,179

Additions

1,228

At 30 November 2013

53,407

DEPRECIATION

At 1 December 2012

45,802

Charge for year

1,901

At 30 November 2013

47,703

NET BOOK VALUE

At 30 November 2013

5,704

At 30 November 2012

6,377

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.13

30.11.12

value:

£

2

Ordinary

£1

2

Image X Systems Ltd - Limited company - abbreviated - 11.0.0

Image X Systems Ltd - Limited company - abbreviated - 11.0.0