Abbreviated Company Accounts - INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Abbreviated Company Accounts - INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED - Company Information

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Registered Number 07046078

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Abbreviated Accounts

31 December 2014

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED Registered Number 07046078

Abbreviated Balance Sheet as at 31 December 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 17,254 17,117
17,254 17,117
Current assets
Debtors 611,208 170,442
Investments 30,000 -
Cash at bank and in hand 1,187,040 1,941,749
1,828,248 2,112,191
Creditors: amounts falling due within one year (1,334,394) (1,787,125)
Net current assets (liabilities) 493,854 325,066
Total assets less current liabilities 511,108 342,183
Total net assets (liabilities) 511,108 342,183
Capital and reserves
Called up share capital 2 2
Profit and loss account 511,106 342,181
Shareholders' funds 511,108 342,183
  • For the year ending 31 December 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 September 2015

And signed on their behalf by:
Abdulnaser Youssef, Director

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED Registered Number 07046078

Notes to the Abbreviated Accounts for the period ended 31 December 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 January 2014 27,784
Additions 4,451
Disposals -
Revaluations -
Transfers -
At 31 December 2014 32,235
Depreciation
At 1 January 2014 10,667
Charge for the year 4,314
On disposals -
At 31 December 2014 14,981
Net book values
At 31 December 2014 17,254
At 31 December 2013 17,117