INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED - Company Information

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INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Company Registration Number:
07046078 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2018

Period of accounts

Start date: 01 January 2018

End date: 31 December 2018

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2018

Balance sheet
Notes

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Balance sheet

As at 31 December 2018


Notes
2018
2017


£
£
Fixed assets
Tangible assets: 2 56,022 54,142
Investments: 3 30,000 30,000
Total fixed assets: 86,022 84,142
Current assets
Debtors:   1,966,983 1,028,823
Cash at bank and in hand: 872,549 2,409,802
Total current assets: 2,839,532 3,438,625
Creditors: amounts falling due within one year:   (585,462) (2,026,087)
Net current assets (liabilities): 2,254,070 1,412,538
Total assets less current liabilities: 2,340,092 1,496,680
Total net assets (liabilities): 2,340,092 1,496,680
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 2,340,090 1,496,678
Shareholders funds: 2,340,092 1,496,680

The notes form part of these financial statements

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Balance sheet statements

For the year ending 31 December 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 September 2019
and signed on behalf of the board by:

Name: Abdulnaser Youssef
Status: Director

The notes form part of these financial statements

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

2. Tangible Assets

Total
Cost £
At 01 January 2018 94,822
Additions 15,886
At 31 December 2018 110,708
Depreciation
At 01 January 2018 40,680
Charge for year 14,006
At 31 December 2018 54,686
Net book value
At 31 December 2018 56,022
At 31 December 2017 54,142

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2018

3. Fixed investments

30000