Et Al Innovations Limited - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 03718039 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

ET AL INNOVATIONS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Directors:

S Marsden Dr

S Marsden

S Gregory

Secretary:

S Marsden Dr

Registered office:

Second Floor

1 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

Registered number:

03718039 (England and Wales)

Accountants:

PKW Accountancy Ltd

Second Floor

1 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

Fixed assets

Intangible assets

2

1,480

1,579

Tangible assets

3

237,247

101,209

238,727

102,788

Current assets

Stocks

245

908

Debtors

233,758

222,052

Cash at bank

187,102

274,914

421,105

497,874

Creditors

Amounts falling due within one year

102,662

145,663

Net current assets

318,443

352,211

Total assets less current liabilities

557,170

454,999

Provisions for liabilities

46,327

18,873

Net assets

510,843

436,126

Capital and reserves

Called up share capital

4

100

100

Retained earnings

510,743

436,026

Shareholders' funds

510,843

436,126

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 21 June 2016 and were signed on its behalf by:

S Marsden Dr - Director

1.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement in accordance with the Financial Reporting

Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Intangible assets

The intangible fixed assets are patents trade marks; they are amortised to profit and loss account over their

estimated economic life of 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Computer and office equipment 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

2.	Intangible fixed assets

Total

£

Cost

At 1 April 2015

and 31 March 2016

1,975

Amortisation

At 1 April 2015

396

Amortisation for year

99

At 31 March 2016

495

Net book value

At 31 March 2016

1,480

At 31 March 2015

1,579

3.	Tangible fixed assets

Total

£

Cost

At 1 April 2015

329,056

Additions

193,632

At 31 March 2016

522,688

Depreciation

At 1 April 2015

227,847

Charge for year

57,594

At 31 March 2016

285,441

Net book value

At 31 March 2016

237,247

At 31 March 2015

101,209

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

£

100

Ordinary

£1

100

100