Innov8 Security Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 07398628 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

INNOV8 SECURITY LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr David Michael Rogers

REGISTERED OFFICE:

19 Dove Close

Bishops Stortford

Hertfordshire

CM23 4JD

REGISTERED NUMBER:

07398628 (England and Wales)

ACCOUNTANTS:

Leggate Associates Limited

Chartered Accountants

Bencroft

Dassels

Braughing

Ware

Hertfordshire

SG11 2RW

FIXED ASSETS

Tangible assets

2

23,086

13,940

CURRENT ASSETS

Debtors

41,112

40,395

Cash at bank

44,658

50,524

85,770

90,919

CREDITORS

Amounts falling due within one year

59,811

62,462

NET CURRENT ASSETS

25,959

28,457

TOTAL ASSETS LESS CURRENT LIABILITIES

49,045

42,397

CREDITORS

Amounts falling due after more than one year

(13,370

)

(8,637

)

PROVISIONS FOR LIABILITIES

(4,617

)

(2,788

)

NET ASSETS

31,058

30,972

CAPITAL AND RESERVES

Called up share capital

3

100

100

Profit and loss account

30,958

30,872

SHAREHOLDERS' FUNDS

31,058

30,972

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2014 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 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 director on 19 January 2015 and were signed by:

Mr David Michael Rogers - Director

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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 November 2013

24,407

Additions

25,174

Disposals

(11,502

)

At 31 October 2014

38,079

DEPRECIATION

At 1 November 2013

10,467

Charge for year

8,616

Eliminated on disposal

(4,090

)

At 31 October 2014

14,993

NET BOOK VALUE

At 31 October 2014

23,086

At 31 October 2013

13,940

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

100

Ordinary

£1

100

100