Innervate Limited - Limited company - abbreviated - 11.6

Innervate Limited - Limited company - abbreviated - 11.6

INNERVATE LIMITED - Company Information

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04278422 1.1.14 31.12.14 31.12.14 Company accounts Private Limited Company FY true false true false false true false Ordinary A Shares 1.00000 Ordinary B Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure042784222013-12-31042784222014-12-31042784222014-01-012014-12-31042784222012-12-31042784222013-01-012013-12-31042784222013-12-3104278422ns12:England2014-01-012014-12-3104278422ns14:PoundSterling2014-01-012014-12-3104278422ns7:Director12014-01-012014-12-3104278422ns7:OrdinaryShareClass12014-01-012014-12-3104278422ns7:OrdinaryShareClass22014-01-012014-12-3104278422ns7:Director22014-01-012014-12-3104278422ns7:CompanySecretary2014-01-012014-12-3104278422ns7:RegisteredOffice2014-01-012014-12-3104278422ns7:EntityAccountantsOrAuditors2014-01-012014-12-3104278422ns5:FixturesFittings2014-01-012014-12-3104278422ns7:OrdinaryShareClass12014-12-3104278422ns7:OrdinaryShareClass12013-12-3104278422ns7:OrdinaryShareClass22014-12-3104278422ns7:OrdinaryShareClass22013-12-31
REGISTERED NUMBER: 04278422 (England and Wales)















INNERVATE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2014






INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

INNERVATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTORS: Dr N Bindemann
Mr S N Jolley





SECRETARY: Dr N Bindemann





REGISTERED OFFICE: 117 Waterloo Road
London
SE1 8UL





REGISTERED NUMBER: 04278422 (England and Wales)





ACCOUNTANTS: P G ASSOCIATES
Accountants
1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH
Page 1
INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 3,928 2,230

CURRENT ASSETS
Stocks 1,300 1,200
Debtors 17,587 8,492
Cash at bank and in hand 23,429 27,036
42,316 36,728
CREDITORS
Amounts falling due within one year 27,976 23,420
NET CURRENT ASSETS 14,340 13,308
TOTAL ASSETS LESS CURRENT
LIABILITIES
18,268
15,538

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 18,168 15,438
SHAREHOLDERS' FUNDS 18,268 15,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 8 August 2015 and were signed on its
behalf by:





Dr N Bindemann - Director


The notes form part of these abbreviated accounts

Page 2
INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014


1. ACCOUNTING POLICIES

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 April 2008).

Turnover
Turnover represents net invoiced sales of goods, 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.

Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 12,418
Additions 3,007
At 31 December 2014 15,425
DEPRECIATION
At 1 January 2014 10,188
Charge for year 1,309
At 31 December 2014 11,497
NET BOOK VALUE
At 31 December 2014 3,928
At 31 December 2013 2,230

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
60 Ordinary A Shares £1 100 60
40 Ordinary B Shares £1 - 40
100 100

Page 3
INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014


4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Dividends totalling £15,000 were paid to the director during the year.




At the year end the company owed £8,342 to the director (2013 - £5,608). This amount is repayable on
demand and is included in Creditors due within one year.

5. ULTIMATE CONTROLLING PARTY

The controlling party is Dr N Bindemann.


Page 4