Improve Inc Ltd - Accounts to registrar (filleted) - small 18.2

Improve Inc Ltd - Accounts to registrar (filleted) - small 18.2

IMPROVE INC LTD - Company Information

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REGISTERED NUMBER: 07812388 (England and Wales)















Financial Statements for the Year Ended 31 October 2019

for

Improve Inc Ltd
Improve Inc Ltd (Registered number: 07812388)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Improve Inc Ltd

Company Information
for the Year Ended 31 October 2019







DIRECTOR: Mr D Lewis





REGISTERED OFFICE: Apartment 39
Central Buildings
3 Matthew Parker Street
London
SW1H 9NE





REGISTERED NUMBER: 07812388 (England and Wales)





ACCOUNTANTS: Knox & Eames Chartered Accountants
The Business Centre
Greys Green Farm
Rotherfield Greys
Henley-on-Thames
Oxfordshire
RG9 4QG
Page 1
Improve Inc Ltd (Registered number: 07812388)

Balance Sheet
31 October 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,435 2,700

CURRENT ASSETS
Debtors 5 185,003 161,626
Cash at bank 443,174 301,008
628,177 462,634
CREDITORS
Amounts falling due within one year 6 79,675 47,972
NET CURRENT ASSETS 548,502 414,662
TOTAL ASSETS LESS CURRENT LIABILITIES 551,937 417,362

CAPITAL AND RESERVES
Called up share capital 600 600
Retained earnings 551,337 416,762
SHAREHOLDERS' FUNDS 551,937 417,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 July 2020 and were signed by:





Mr D Lewis - Director


The notes form part of these financial statements

Page 2
Improve Inc Ltd (Registered number: 07812388)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Improve Inc Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number
and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value
added tax and other sales taxes.

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 etc - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent
that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively
enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in
which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been
enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

Page 3 continued...
Improve Inc Ltd (Registered number: 07812388)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2018 12,150
Additions 3,127
At 31 October 2019 15,277
DEPRECIATION
At 1 November 2018 9,450
Charge for year 2,392
At 31 October 2019 11,842
NET BOOK VALUE
At 31 October 2019 3,435
At 31 October 2018 2,700

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 123,280 157,626
Other debtors 61,723 4,000
185,003 161,626

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Taxation and social security 78,525 45,372
Other creditors 1,150 2,600
79,675 47,972

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2019 and 31 October 2018:

2019 2018
£    £   
Mr D Lewis
Balance outstanding at start of year - -
Amounts advanced 37,615 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 37,615 -

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £51,431 were paid to the director .

Mr D Lewis is Director and Sole Shareholder in the company

Page 4