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Unaudited Financial Statements |
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for the Year Ended 31 October 2016 |
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for |
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Bits IT Solutions Limited |
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Unaudited Financial Statements |
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for the Year Ended 31 October 2016 |
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for |
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Bits IT Solutions Limited |
Bits IT Solutions Limited (Registered number: 08273055) |
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Contents of the Financial Statements |
for the Year Ended 31 October 2016 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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Chartered Accountants' Report | 4 |
Bits IT Solutions Limited |
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Company Information |
for the Year Ended 31 October 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants & Business Advisers |
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Bits IT Solutions Limited (Registered number: 08273055) |
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Balance Sheet |
31 October 2016 |
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2016 | 2015 |
Notes | £ | £ |
CURRENT ASSETS |
Cash in hand |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 2 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
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The financial statements were approved by the Board of Directors on
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Bits IT Solutions Limited (Registered number: 08273055) |
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Notes to the Financial Statements |
for the Year Ended 31 October 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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The company was dormant throughout the current year and previous year. |
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2. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
Bits IT Solutions Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements, from which these unaudited financial statements (set out on pages two to |
three) have been prepared. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Bits IT Solutions Limited for the year ended 31 October 2016 which comprise the Profit and Loss |
Account, the Balance Sheet, and the related notes from the company's accounting records and from information and |
explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Bits IT Solutions Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Bits IT Solutions Limited and state those matters that we have agreed to state to the Board of Directors of Bits IT Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bits IT Solutions Limited Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Bits IT Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bits IT Solutions Limited. You consider that Bits IT Solutions Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Bits IT Solutions Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants & Business Advisers |
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23 January 2017 |