GET I.T. LTD - Abbreviated accounts 16.1

REGISTERED NUMBER: 04230088 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

GET I.T. LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Miss W K Cole

SECRETARY:

C G Arch

REGISTERED OFFICE:

18 Vanbrugh Gate

Broome Manor

Swindon

Wiltshire

SN3 1NQ

REGISTERED NUMBER:

04230088 (England and Wales)

ACCOUNTANTS:

Nigel B Butler Limited

Manor House Enterprise Ctr.

High Street

Royal Wootton Bassett

Wiltshire

SN4 7HH

FIXED ASSETS

Tangible assets

2

8,113

10,818

CURRENT ASSETS

Debtors

4,324

2,336

Cash at bank

10,370

4,521

14,694

6,857

CREDITORS

Amounts falling due within one year

8,282

4,797

NET CURRENT ASSETS

6,412

2,060

TOTAL ASSETS LESS CURRENT
LIABILITIES

14,525

12,878

CREDITORS

Amounts falling due after more than one
year

6,055

8,640

NET ASSETS

8,470

4,238

CAPITAL AND RESERVES

Called up share capital

3

95

Profit and loss account

8,375

4,143

SHAREHOLDERS' FUNDS

8,470

4,238

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 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 14 May 2016 and were signed by:

Miss W K Cole - 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 January 2015).

Turnover

Turnover represents net invoiced sales of services, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Pensions

The company operates a defined contribution pension scheme. Contributions payable for the year are

charged in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

and 31 March 2016

16,567

DEPRECIATION

At 1 April 2015

5,749

Charge for year

2,705

At 31 March 2016

8,454

NET BOOK VALUE

At 31 March 2016

8,113

At 31 March 2015

10,818

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

95

ordinary

£1

95

4.	RELATED PARTY DISCLOSURES

The company is controlled by the director Miss W Cole by virtue of her controlling share holding.