Company Registration No. 07118195 (England and Wales)
ESP INTELLIGENCE LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
TWP Accounting LLP
Chartered Accountants
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
ESP INTELLIGENCE LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ESP INTELLIGENCE LIMITED
Company Registration No. 07118195
ABBREVIATED BALANCE SHEET
AS AT 31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,423
1,238
Current assets
Debtors
2,541
13,499
Cash at bank and in hand
121,573
123,693
124,114
137,192
Creditors: amounts falling due within one year
(52,078)
(28,925)
Net current assets
72,036
108,267
Total assets less current liabilities
73,459
109,505
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
73,359
109,405
Shareholders' funds
73,459
109,505
For the financial year ended 31 January 2016 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 financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 October 2016
B Hunnisett
Director
ESP INTELLIGENCE LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Turnover
Turnover represents revenue recognised by the company in respect of consultancy during the year, exclusive of Value Added Tax and trade discounts. Income is recognised based on the period in which the service was supplied.revenue recognised by the company in respect of consultancy during the year, exclusive of Value Added Tax and trade discounts. Income is recognised based on the period in which the service was supplied.
1.3
Tangible fixed assets and depreciation
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:
Office equipment
20% straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 February 2015
2,446
Additions
844
At 31 January 2016
3,290
Depreciation
At 1 February 2015
1,209
Charge for the year
658
At 31 January 2016
1,867
Net book value
At 31 January 2016
1,423
At 31 January 2015
1,238
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100
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