Inventive Cogs (Campbell) Limited - Period Ending 2018-10-31

Registration number: 10293268

Inventive Cogs (Campbell) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2018

Inventive Cogs (Campbell) Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Financial Statements	4 to 5

Inventive Cogs (Campbell) Limited

Company Information

Directors

S P Thomas M S Lathbury K S Lowe

Registered office

Flat 3 8 Bertie Terrace Warwick Place Royal Leamington Spa Warwickshire CV32 5BL

Bankers

Santander UK plc Bridle Road Bootle Liverpool L30 4GB

Accountants

Ashgates Corporate Services Limited 5 Prospect Place Millennium Way Pride Park Derby DE24 8HG

Page 1

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Inventive Cogs (Campbell) Limited
for the Year Ended 31 October 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inventive Cogs (Campbell) Limited for the year ended 31 October 2018 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/ member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Inventive Cogs (Campbell) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Inventive Cogs (Campbell) Limited and state those matters that we have agreed to state to the Board of Directors of Inventive Cogs (Campbell) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/ technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inventive Cogs (Campbell) Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Inventive Cogs (Campbell) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Inventive Cogs (Campbell) Limited. You consider that Inventive Cogs (Campbell) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Inventive Cogs (Campbell) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................................

Ashgates Corporate Services Limited
5 Prospect Place
Millennium Way
Pride Park
Derby
DE24 8HG

Date:.............................

Page 2

Inventive Cogs (Campbell) Limited

(Registration number: 10293268)
Balance Sheet as at 31 October 2018

	Note	2018 £	2017 £
Current assets
Debtors	4	15,980	25,031
Cash at bank and in hand		6,070	1,266
		22,050	26,297
Creditors: Amounts falling due within one year	5	(219,449)	(141,062)
Net liabilities		(197,399)	(114,765)
Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(197,499)	(114,865)
Total equity		(197,399)	(114,765)

For the financial year ending 31 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 26 July 2019 and signed on its behalf by:
 

.........................................

S P Thomas

Director

The notes on pages 4 to 5 form an integral part of these financial statements.

Page 3

Inventive Cogs (Campbell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2018

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of the registered office is given in the company information on page 1 of the financial statements.

The principal place of business is in Leicester.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling (£) and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue to trade. The validity of this assumption is dependent on the continued support of the group companies not requiring the withdrawal of their monies owed to them until sufficient funds are available.

If the company were unable to trade, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise, and to reclassify fixed assets and long term liabilities as current assets and liabilties.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2017 - 3).

Page 4

Inventive Cogs (Campbell) Limited

Notes to the Financial Statements for the Year Ended 31 October 2018

4

Debtors

	2018 £	2017 £
Other debtors	15,980	25,031
	15,980	25,031

5

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Trade creditors		3,639	2,360
Other creditors		215,810	138,702
		219,449	141,062

6	Share capital

Allotted, called up and fully paid shares

	2018		2017
	No.	£	No.	£
Ordinary A shares of £1 each	50	50	50	50
Ordinary B shares of £1 each	50	50	50	50
	100	100	100	100

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