Abbreviated Company Accounts - INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Abbreviated Company Accounts - INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED - Company Information

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Registered Number 07046078

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED

Abbreviated Accounts

31 December 2015

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED Registered Number 07046078

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 27,032 17,254
27,032 17,254
Current assets
Debtors 939,631 611,208
Investments 30,000 30,000
Cash at bank and in hand 571,951 1,187,040
1,541,582 1,828,248
Creditors: amounts falling due within one year (638,754) (1,334,394)
Net current assets (liabilities) 902,828 493,854
Total assets less current liabilities 929,860 511,108
Total net assets (liabilities) 929,860 511,108
Capital and reserves
Called up share capital 2 2
Profit and loss account 929,858 511,106
Shareholders' funds 929,860 511,108
  • For the year ending 31 December 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 23 September 2016

And signed on their behalf by:
Abdulnaser Youssef, Director

INNOVATIVE TECHNOLOGY AND SCIENCE LIMITED Registered Number 07046078

Notes to the Abbreviated Accounts for the period ended 31 December 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.

2Tangible fixed assets
£
Cost
At 1 January 2015 32,235
Additions 16,536
Disposals -
Revaluations -
Transfers -
At 31 December 2015 48,771
Depreciation
At 1 January 2015 14,981
Charge for the year 6,758
On disposals -
At 31 December 2015 21,739
Net book values
At 31 December 2015 27,032
At 31 December 2014 17,254