Citi Business Systems Limited - Abbreviated accounts 16.3

Citi Business Systems Limited - Abbreviated accounts 16.3

CITI BUSINESS SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 07681916 (England and Wales)














Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Citi Business Systems Limited

Citi Business Systems Limited (Registered number: 07681916)






Contents of the Abbreviated Accounts
for the Year Ended 31 July 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Citi Business Systems Limited

Company Information
for the Year Ended 31 July 2016







DIRECTOR: Mr. C Stanford





REGISTERED OFFICE: Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR





REGISTERED NUMBER: 07681916 (England and Wales)





ACCOUNTANTS: A4G LLP
Kings Lodge
London Road
West Kingsdown
Sevenoaks
Kent
TN15 6AR
Page 1
Citi Business Systems Limited (Registered number: 07681916)

Abbreviated Balance Sheet
31 July 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 8,931 2,692

CURRENT ASSETS
Debtors 364,571 382,852
Cash at bank and in hand 250,599 15,178
615,170 398,030
CREDITORS
Amounts falling due within one year 563,495 350,398
NET CURRENT ASSETS 51,675 47,632
TOTAL ASSETS LESS CURRENT
LIABILITIES
60,606
50,324

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 60,506 50,224
SHAREHOLDERS' FUNDS 60,606 50,324

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 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 28 April 2017 and were signed by:





Mr. C Stanford - Director


The notes form part of these abbreviated accounts

Page 2
Citi Business Systems Limited (Registered number: 07681916)

Notes to the Abbreviated Accounts
for the Year Ended 31 July 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and are in accordance with
applicable accounting standards.

Turnover
Turnover represents net invoiced sales of office supplies and photocopiers, 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.

Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 August 2015 3,343
Additions 8,511
At 31 July 2016 11,854
DEPRECIATION
At 1 August 2015 651
Charge for year 2,272
At 31 July 2016 2,923
NET BOOK VALUE
At 31 July 2016 8,931
At 31 July 2015 2,692

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
100 Ordinary £1.00 100 100

Page 3