Abbreviated Company Accounts - INNOVATE FINANCIAL SOLUTIONS LIMITED

Abbreviated Company Accounts - INNOVATE FINANCIAL SOLUTIONS LIMITED

INNOVATE FINANCIAL SOLUTIONS LIMITED - Company Information

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Registered Number 05873947

INNOVATE FINANCIAL SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2016

INNOVATE FINANCIAL SOLUTIONS LIMITED Registered Number 05873947

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 57,877 72,346
Tangible assets 3 2,295 4,174
60,172 76,520
Current assets
Debtors 1,560 1,375
Cash at bank and in hand 40,191 24,741
41,751 26,116
Net current assets (liabilities) 41,751 26,116
Total assets less current liabilities 101,923 102,636
Creditors: amounts falling due after more than one year (23,428) (24,086)
Provisions for liabilities (459) (835)
Total net assets (liabilities) 78,036 77,715
Capital and reserves
Called up share capital 100 100
Profit and loss account 77,936 77,615
Shareholders' funds 78,036 77,715
  • For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 May 2016

And signed on their behalf by:
G Lewis, Director

INNOVATE FINANCIAL SOLUTIONS LIMITED Registered Number 05873947

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

2Intangible fixed assets
£
Cost
At 1 April 2015 72,346
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 72,346
Amortisation
At 1 April 2015 -
Charge for the year 14,469
On disposals -
At 31 March 2016 14,469
Net book values
At 31 March 2016 57,877
At 31 March 2015 72,346
3Tangible fixed assets
£
Cost
At 1 April 2015 15,046
Additions 596
Disposals (7,940)
Revaluations -
Transfers -
At 31 March 2016 7,702
Depreciation
At 1 April 2015 10,872
Charge for the year 2,475
On disposals (7,940)
At 31 March 2016 5,407
Net book values
At 31 March 2016 2,295
At 31 March 2015 4,174