Abbreviated Company Accounts - INTO TECHNOLOGY LIMITED

INTO TECHNOLOGY LIMITED - Company Information

08508760 INTO TECHNOLOGY LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 08508760 2014-04-01 2015-03-31 08508760 2015-03-31 08508760 2014-03-31 08508760 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 08508760 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 iso4217:GBP shares

Registered Number 08508760

INTO TECHNOLOGY LIMITED

Abbreviated Accounts

31 March 2015

INTO TECHNOLOGY LIMITED Registered Number 08508760

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	919	1,445
		919	1,445
Current assets
Stocks		1,268	5,482
Debtors		93,256	2,574
Cash at bank and in hand		3,481	34,018
		98,005	42,074
Creditors: amounts falling due within one year		(36,758)	(17,632)
Net current assets (liabilities)		61,247	24,442
Total assets less current liabilities		62,166	25,887
Total net assets (liabilities)		62,166	25,887
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		62,162	25,883
Shareholders' funds		62,166	25,887

For the year ending 31 March 2015 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 March 2016

And signed on their behalf by:
G Baughan, Director

INTO TECHNOLOGY LIMITED Registered Number 08508760

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

The company has cash resources and has no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They believe the going concern basis of accounting appropriate in preparing the annual financial statements.

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

Turnover policy
Turnover represents amounts receivable for supply of goods net of VAT.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows: Plant and machinery 25% straight line.

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,927
Additions	575
Disposals	(949)
Revaluations	-
Transfers	-
At 31 March 2015	1,553
Depreciation
At 1 April 2014	482
Charge for the year	389
On disposals	(237)
At 31 March 2015	634
Net book values
At 31 March 2015	919
At 31 March 2014	1,445

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
3 A Ordinary shares of £1 each	3	3
1 B Ordinary share of £1 each	1	1