Abbreviated Company Accounts - STABLE IT SYSTEMS LIMITED

STABLE IT SYSTEMS LIMITED - Company Information

05338307 STABLE IT SYSTEMS LIMITED 2014-01-31 false 2013-02-01 2014-01-31 true 05338307 2013-02-01 2014-01-31 05338307 2014-01-31 05338307 2013-01-31 05338307 uk-gaap-cd-bus:Director1 2013-02-01 2014-01-31 05338307 uk-gaap-cd-bus:Director2 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-02-01 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-01-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-01-31 iso4217:GBP shares

Registered Number 05338307

STABLE IT SYSTEMS LIMITED

Abbreviated Accounts

31 January 2014

STABLE IT SYSTEMS LIMITED Registered Number 05338307

Abbreviated Balance Sheet as at 31 January 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	566	3,513
		566	3,513
Current assets
Debtors		15,020	13,134
Cash at bank and in hand		1,249	4,414
		16,269	17,548
Creditors: amounts falling due within one year		(12,998)	(10,393)
Net current assets (liabilities)		3,271	7,155
Total assets less current liabilities		3,837	10,668
Provisions for liabilities		-	(504)
Total net assets (liabilities)		3,837	10,164
Capital and reserves
Called up share capital	3	100	100
Profit and loss account		3,737	10,064
Shareholders' funds		3,837	10,164

For the year ending 31 January 2014 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 3 October 2014

And signed on their behalf by:
Mr C Elsey, Director
Mr S Pilling, Director

STABLE IT SYSTEMS LIMITED Registered Number 05338307

Notes to the Abbreviated Accounts for the period ended 31 January 2014

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.

Despite difficult economic conditions the company’s sales are expected to be consistent next year. As a result the directors have adopted the going concern basis of account preparation.

Turnover policy
Turnover represents amounts receivable for software development and resale 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: 5 years straight line method

Other accounting policies
Monetary assets and liabilities denominated I foreign currencies are translate into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

2Tangible fixed assets

	£
Cost
At 1 February 2013	58,315
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 January 2014	58,315
Depreciation
At 1 February 2013	54,802
Charge for the year	2,947
On disposals	-
At 31 January 2014	57,749
Net book values
At 31 January 2014	566
At 31 January 2013	3,513

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

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100