Abbreviated Company Accounts - INNOVATE CONSULTING SOLUTIONS LIMITED

INNOVATE CONSULTING SOLUTIONS LIMITED - Company Information

07198650 INNOVATE CONSULTING SOLUTIONS LIMITED 2016-03-31 false 2015-04-01 2016-03-31 true 07198650 2015-04-01 2016-03-31 07198650 2016-03-31 07198650 2015-03-31 07198650 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 07198650 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2015-04-01 2016-03-31 uk-gaap-cd-bus:Director3 2016-03-31 uk-gaap-cd-bus:Director3 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 07198650

INNOVATE CONSULTING SOLUTIONS LIMITED

Abbreviated Accounts

31 March 2016

INNOVATE CONSULTING SOLUTIONS LIMITED Registered Number 07198650

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	1,062
		-	1,062
Current assets
Debtors		129,722	4,800
Cash at bank and in hand		17	106,221
		129,739	111,021
Creditors: amounts falling due within one year		(18,210)	(24,517)
Net current assets (liabilities)		111,529	86,504
Total assets less current liabilities		111,529	87,566
Total net assets (liabilities)		111,529	87,566
Capital and reserves
Called up share capital	3	1	1
Profit and loss account		111,528	87,565
Shareholders' funds		111,529	87,566

For the year ending 31 March 2016 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 April 2016

And signed on their behalf by:
K. Patel, Director

INNOVATE CONSULTING SOLUTIONS LIMITED Registered Number 07198650

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 the total invoice value, excluding value added tax, of sales made during the period and derives from the provision of goods falling within the company's ordinary activities.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment - 25% reducing balance

Other accounting policies
Deferred taxation
Deferred tax is not provided due to the immateriality of the amount involved.

2Tangible fixed assets

	£
Cost
At 1 April 2015	2,200
Additions	-
Disposals	(2,200)
Revaluations	-
Transfers	-
At 31 March 2016	0
Depreciation
At 1 April 2015	1,138
Charge for the year	266
On disposals	(1,404)
At 31 March 2016	0
Net book values
At 31 March 2016	0
At 31 March 2015	1,062

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1 Ordinary shares of £1 each	1	1

4Transactions with directors

Name of director receiving advance or credit:	K. Patel
Description of the transaction:	Advances to director
Balance at 1 April 2015:	£ 0
Advances or credits made:	£ 129,652
Advances or credits repaid:	-
Balance at 31 March 2016:	£ 129,652

The overdrawn loan account was cleared by way of a capital distribution upon the liquidation of the company.