Inventages Consulting International Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06957772 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 December 2018

for

INVENTAGES CONSULTING INTERNATIONAL

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

L G Lees-Buckley

REGISTERED OFFICE:

Unit 16

Northfields Prospect Business Centre

Putney Bridge Road

London

SW18 1PE

REGISTERED NUMBER:

06957772 (England and Wales)

ACCOUNTANTS:

LBCo Ltd

16 Northfields Prospect

Putney Bridge Road

London

SW18 1PE

FIXED ASSETS

Tangible assets

4

-

42,984

CURRENT ASSETS

Debtors

5

112,473

418,322

Cash at bank

32,445

418,105

144,918

836,427

CREDITORS

Amounts falling due within one year

6

56,597

107,720

NET CURRENT ASSETS

88,321

728,707

TOTAL ASSETS LESS CURRENT LIABILITIES

88,321

771,691

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

8

87,321

770,691

SHAREHOLDERS' FUNDS

88,321

771,691

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 30 September 2019 and were signed by:

L G Lees-Buckley - Director

1.	STATUTORY INFORMATION

Inventages Consulting International Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

In the year to 31st December 2016 100% (2015 100%) of the company's turnover was to markets outside the

United Kingdom.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Over the period of the lease

Plant and machinery etc

-

25% on cost

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Short

leasehold

Office

premises

equipment

Totals

£

£

£

COST

At 1 January 2018

66,985

7,689

74,674

Disposals

(66,985

)

(7,689

)

(74,674

)

At 31 December 2018

-

-

-

DEPRECIATION

At 1 January 2018

24,001

7,689

31,690

Eliminated on disposal

(24,001

)

(7,689

)

(31,690

)

At 31 December 2018

-

-

-

NET BOOK VALUE

At 31 December 2018

-

-

-

At 31 December 2017

42,984

-

42,984

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

-

346,552

Other debtors

112,473

71,770

112,473

418,322

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

-

2,612

Taxation and social security

37,135

29,190

Other creditors

19,462

75,918

56,597

107,720

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.

RESERVES

Retained

earnings

£

At 1 January 2018

770,691

Deficit for the year

(683,370

)

At 31 December 2018

87,321

9.	RELATED PARTY DISCLOSURES

During the year the company incurred accountancy and professional fees amounting to £15.000 (2017

£12.000) from LBCo Ltd, a company of which Mr L G Lees-Buckley is the sole director of the company..

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Prof Dr Gunnar Carsten Weikert.