INTAR_TECHNOLOGIES_LIMITE - Accounts


Company Registration No. 03311958 (England and Wales)
INTAR TECHNOLOGIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2014
INTAR TECHNOLOGIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
INTAR TECHNOLOGIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2014
31 March 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Tangible assets
2
660
1,322
Current assets
Debtors
47
2,217
Cash at bank and in hand
1,733
2,286
1,780
4,503
Creditors: amounts falling due within one year
(4,738)
(6,992)
Net current liabilities
(2,958)
(2,489)
Total assets less current liabilities
(2,298)
(1,167)
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
(2,300)
(1,169)
Shareholders' funds
(2,298)
(1,167)
For the financial year ended 31 March 2014 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 26 November 2014
Mr A Hogg
Director
Company Registration No. 03311958
INTAR TECHNOLOGIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014
- 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 April 2008).

At 31 March 2014 the company had net liabilities of £2,298. Included within creditors due within one year is an amount of £4,508 owing to directors. The directors have agreed not to withdraw this amount to the extent that it will affect the company's ability to meet its day to day liabilities as they fall due. On this basis, the directors consider that it is appropriate to prepare the financial statements on the going concern basis.

1.2
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
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:
IT equipment
3 years straight line
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2013
4,993
Disposals
(1,022)
At 31 March 2014
3,971
Depreciation
At 1 April 2013
3,672
On disposals
(1,022)
Charge for the year
661
At 31 March 2014
3,311
Net book value
At 31 March 2014
660
At 31 March 2013
1,322
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2Ordinary shares of £1 each
2
2
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