Be-Inventive Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05686948 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 October 2014

for

Be-Inventive Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J Beveridge

A Walters

REGISTERED OFFICE:

Meadowview

Caldecott

Wellingborough

Northamptonshire

NN9 6AR

REGISTERED NUMBER:

05686948 (England and Wales)

ACCOUNTANTS:

P Willson & Co

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Tangible assets

2

254

329

CURRENT ASSETS

Debtors

466

313

Cash at bank

2,072

731

2,538

1,044

CREDITORS

Amounts falling due within one year

25,552

24,553

NET CURRENT LIABILITIES

(23,014

)

(23,509

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(22,760

)

(23,180

)

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Share premium

17,752

17,752

Profit and loss account

(41,512

)

(41,932

)

SHAREHOLDERS' FUNDS

(22,760

)

(23,180

)

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 directors acknowledge their 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 Board of Directors on 9 March 2015 and were signed on its behalf by:

J Beveridge - 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 the total invoice value, excluding value added tax, of royalties receivable during the period.

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

-

20% on reducing balance

Computer equipment

-

33% on reducing balance

Going concern

It is the intention of the directors to continue supporting the company for the foreseeable future.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

2,328

DEPRECIATION

At 1 November 2013

1,999

Charge for year

75

At 31 October 2014

2,074

NET BOOK VALUE

At 31 October 2014

254

At 31 October 2013

329

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.14

31.10.13

value:

£

£

1,000

Ordinary

£1

1,000

1,000