Inovus Limited - Limited company - abbreviated - 11.9

Inovus Limited - Limited company - abbreviated - 11.9


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REGISTERED NUMBER: 07919081 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 31 January 2015

for

Inovus Limited

Inovus Limited (Registered number: 07919081)






Contents of the Abbreviated Accounts
for the Year Ended 31 January 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Inovus Limited

Company Information
for the Year Ended 31 January 2015







DIRECTORS: J L Van Flute
E R Street





REGISTERED OFFICE: Wolverhampton House Basement
125 Church Street
St Helens
Merseyside
WA10 1AJ





REGISTERED NUMBER: 07919081 (England and Wales)





ACCOUNTANTS: Amanda Fairclough Associates Limited
7 Time Park
Whiston
Prescot
Merseyside
L35 7NU

Inovus Limited (Registered number: 07919081)

Abbreviated Balance Sheet
31 January 2015

31.1.15 31.1.14
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 2,320 1,993

CURRENT ASSETS
Debtors - 703
Cash at bank 11,751 6,672
11,751 7,375
CREDITORS
Amounts falling due within one year 15,258 17,483
NET CURRENT LIABILITIES (3,507 ) (10,108 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,187 ) (8,115 )

CAPITAL AND RESERVES
Called up share capital 3 7 7
Profit and loss account (1,194 ) (8,122 )
SHAREHOLDERS' FUNDS (1,187 ) (8,115 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2015 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.

Inovus Limited (Registered number: 07919081)

Abbreviated Balance Sheet - continued
31 January 2015


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 23 November 2015 and were
signed on its behalf by:




J L Van Flute - Director



E R Street - Director


Inovus Limited (Registered number: 07919081)

Notes to the Abbreviated Accounts
for the Year Ended 31 January 2015

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 net invoiced sales of goods, excluding value added tax.

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 - 25% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight
line basis over the period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 February 2014 2,811
Additions 1,526
At 31 January 2015 4,337
DEPRECIATION
At 1 February 2014 818
Charge for year 1,199
At 31 January 2015 2,017
NET BOOK VALUE
At 31 January 2015 2,320
At 31 January 2014 1,993

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.15 31.1.14
value: £    £   
7 Ordinary £1 7 7

Inovus Limited (Registered number: 07919081)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 January 2015

4. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended
31 January 2015 and 31 January 2014:

31.1.15 31.1.14
£    £   
J L Van Flute
Balance outstanding at start of year (9,658 ) 2,261
Amounts advanced 19,450 7,109
Amounts repaid (13,210 ) (19,028 )
Balance outstanding at end of year (3,418 ) (9,658 )

E R Street
Balance outstanding at start of year (5,552 ) 1,052
Amounts advanced 9,440 4,376
Amounts repaid (6,917 ) (10,980 )
Balance outstanding at end of year (3,029 ) (5,552 )

The loans from directors bear no interest and have no fixed repayment schedule.