Company Registration No. 06659578 (England and Wales)
Innerve 8 Ltd
Unaudited accounts
for the year ended 31 July 2018
Innerve 8 Ltd
Unaudited accounts
Contents
Innerve 8 Ltd
Company Information
for the year ended 31 July 2018
Company Number
06659578 (England and Wales)
Registered Office
22 Wycombe Road
Ilford
IG2 6UT
Accountants
Anthony Daniel Associates
10 Julian Place
London
E14 3AT
Innerve 8 Ltd
Statement of financial position
as at 31 July 2018
Tangible assets
7,522
4,291
Cash at bank and in hand
183,413
65,325
Creditors: amounts falling due within one year
(34,693)
(55,551)
Net current assets
262,292
225,134
Net assets
269,814
229,425
Called up share capital
10
10
Profit and loss account
269,804
229,415
Shareholders' funds
269,814
229,425
For the year ending 31 July 2018 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 25 April 2019.
H T Dam
Director
Company Registration No. 06659578
Innerve 8 Ltd
Notes to the Accounts
for the year ended 31 July 2018
Innerve 8 Ltd is a private company, limited by shares, registered in England and Wales, registration number 06659578. The registered office is 22 Wycombe Road, Ilford, IG2 6UT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on straight line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Innerve 8 Ltd
Notes to the Accounts
for the year ended 31 July 2018
4
Tangible fixed assets
Computer equipment
Trade debtors
10,980
21,024
Accrued income and prepayments
188
-
Other debtors
102,404
194,336
6
Creditors: amounts falling due within one year
2018
2017
Trade creditors
3,312
3,780
Taxes and social security
22,832
50,208
Loans from directors
5,523
-
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.01 each
10
10
The ultimate controlling party is Mr. H T Dam, who is the sole director and holds one hundred percent of the company shares.
9
Average number of employees
During the year the average number of employees was 2 (2017: 3).
