Inovus Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 07919081 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2016

for

Inovus Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

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

FIXED ASSETS

Tangible assets

2

6,507

2,320

CURRENT ASSETS

Cash at bank

6,072

11,751

CREDITORS

Amounts falling due within one year

19,564

15,258

NET CURRENT LIABILITIES

(13,492

)

(3,507

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,985

)

(1,187

)

CAPITAL AND RESERVES

Called up share capital

3

7

7

Profit and loss account

(6,992

)

(1,194

)

SHAREHOLDERS' FUNDS

(6,985

)

(1,187

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 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.

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 28 April 2016 and were signed on its behalf by:

J L Van Flute - Director

E R Street - Director

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

-

33% on cost and 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 2015

4,337

Additions

7,182

At 31 January 2016

11,519

DEPRECIATION

At 1 February 2015

2,017

Charge for year

2,995

At 31 January 2016

5,012

NET BOOK VALUE

At 31 January 2016

6,507

At 31 January 2015

2,320

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.16

31.1.15

value:

£

£

7

Ordinary

£1

7

7