Company Registration No. 08875908 (England and Wales)
Innovation Products Limited
Abbreviated unaudited accounts
for the year ended 31 March 2016
Innovation Products Limited
Abbreviated Balance Sheet
as at 31 March 2016
Tangible assets
7,506
7,141
Cash at bank and in hand
53,560
95,987
Creditors: amounts falling due within one year
(111,543)
(106,891)
Net current assets
21,432
6,491
Called up share capital
1
1
Profit and loss account
28,937
13,631
Total shareholders' funds
28,938
13,632
For the year ending 31 March 2016 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 8 August 2016
Kevin Walker
Director
Company Registration No. 08875908
Innovation Products Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
2
Tangible fixed assets
Plant & machinery
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
