ISTIC NETWORKS LIMITED

		2016		2015
	Notes	£	£	£	£
CURRENT ASSETS
Debtors		-		1,955
Cash at bank and in hand		-		2,132

		-		4,087
Creditors: Amounts Falling Due Within One Year		(871 )		(4,086 )

NET CURRENT ASSETS (LIABILITIES)			(871 )		1

TOTAL ASSETS LESS CURRENT LIABILITIES			(871 )		1

NET ASSETS			(871 )		1

CAPITAL AND RESERVES
Called up share capital	2		1		1
Profit and Loss Account			(872 )		-

SHAREHOLDERS' FUNDS			(871 )		1

For the year ending 30 November 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Nicholas Avenell

09/08/2017

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2. Share Capital

	Value	Number	2016	2015
Allotted, called up and fully paid	£		£	£
Ordinary shares	0.01	100	1	1

3. Transactions With and Loans to Directors

Included within Debtors are the following loans to directors:

	As at 1 December 2015	Amounts advanced	Amounts repaid	As at 30 November 2016
	£	£	£	£
Mr Nicholas Avenell	1,827	-	1,827	-

The above loan is unsecured, interest free and repayable on demand.

Dividends paid to directors

	2016	2015
	£	£
Mr Nicholas Avenell	79	17,727

4. Ultimate Controlling Party

The company's ultimate controlling party is Mr Nicholas Avenell by virtue of his ownership of 100% of the issued share capital in the company.