Abbreviated Company Accounts - INNOVATE CONSULTING SOLUTIONS LIMITED

INNOVATE CONSULTING SOLUTIONS LIMITED - Company Information

07198650 INNOVATE CONSULTING SOLUTIONS LIMITED 2015-03-31 false 2014-04-01 2015-03-31 true 07198650 2014-04-01 2015-03-31 07198650 2015-03-31 07198650 2014-03-31 07198650 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 07198650 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2014-04-01 2015-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:Director3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 07198650

INNOVATE CONSULTING SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2015

INNOVATE CONSULTING SOLUTIONS LIMITED Registered Number 07198650

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	1,062	616
		1,062	616
Current assets
Debtors		4,800	1,500
Cash at bank and in hand		106,221	70,531
		111,021	72,031
Creditors: amounts falling due within one year		(24,517)	(26,297)
Net current assets (liabilities)		86,504	45,734
Total assets less current liabilities		87,566	46,350
Total net assets (liabilities)		87,566	46,350
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		87,565	46,349
Shareholders' funds		87,566	46,350

For the year ending 31 March 2015 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 15 December 2015

And signed on their behalf by:
K. Patel, Director

INNOVATE CONSULTING SOLUTIONS LIMITED Registered Number 07198650

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% Reducing balance

Other accounting policies
Deferred taxation
Deferred tax is not provided due to the immateriality of the amounts involved.

2Tangible fixed assets

	£
Cost
At 1 April 2014	1,400
Additions	800
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	2,200
Depreciation
At 1 April 2014	784
Charge for the year	354
On disposals	-
At 31 March 2015	1,138
Net book values
At 31 March 2015	1,062
At 31 March 2014	616

3Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	K. Patel
Description of the transaction:	Dividend payment
Balance at 1 April 2014:	-
Advances or credits made:	£ 38,000
Advances or credits repaid:	-
Balance at 31 March 2015:	£ 38,000

During the year the company paid dividends amounting to £38,000 (2014: £28,000) to K. Patel.