Abbreviated Company Accounts - INVENIT GLOBAL LIMITED

INVENIT GLOBAL LIMITED - Company Information

Registered Number 08449912

INVENIT GLOBAL LIMITED

Abbreviated Accounts

31 March 2015

INVENIT GLOBAL LIMITED Registered Number 08449912

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	25,236	589
		25,236	589
Current assets
Debtors	3	71,410	5,000
Cash at bank and in hand		-	31,084
		71,410	36,084
Creditors: amounts falling due within one year	4	(61,019)	(9,740)
Net current assets (liabilities)		10,391	26,344
Total assets less current liabilities		35,627	26,933
Total net assets (liabilities)		35,627	26,933
Capital and reserves
Called up share capital		30,000	30,000
Other reserves		(20,000)	-
Profit and loss account		25,627	(3,067)
Shareholders' funds		35,627	26,933

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 20 December 2015

And signed on their behalf by:
Julian Post, Director

INVENIT GLOBAL LIMITED Registered Number 08449912

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 amounts invoiced during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of the asset over the useful economic life of the asset as follows:

Office and IT equipment - 25% straight line

Car - reducing balance depreciation based on assessing market value at year end and applying depreciation at rate in force.

Other accounting policies
Dividends declared in the year and paid to directors' are debited direct to equity.

2Tangible fixed assets

	£
Cost
At 1 April 2014	785
Additions	25,649
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	26,434
Depreciation
At 1 April 2014	196
Charge for the year	1,002
On disposals	0
At 31 March 2015	1,198
Net book values
At 31 March 2015	25,236
At 31 March 2014	589

Car purchased for business on 1st Feb 2015 at £25,000 as well as a laptop for £649. Laptop depurated at 25% per year and first year applied in full. Car depreciated pro-rata for 2 months on basis of market value at year end.

3Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	71,410	5,000

Being sales invoices raised in the year but received funds in the following year.

4Creditors

	2015 £	2014 £
Secured Debts	61,019	9,750