Innov@te Strategic Solutions Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08085611 (England and Wales)

INNOV@TE STRATEGIC SOLUTIONS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31 MAY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J W H Davies

J J Whitty

REGISTERED OFFICE:

St Andrews House

Yale Business Village

Ellice Way

Wrexham

Clwyd

LL13 7YL

REGISTERED NUMBER:

08085611 (England and Wales)

ACCOUNTANTS:

John Davies and Co

St Andrews House

Yale Business Village

Ellice Way

Wrexham

Wrexham CB

LL13 7YL

FIXED ASSETS

Tangible assets

2

1,263

1,684

CURRENT ASSETS

Debtors

5,000

1,877

Cash at bank

-

30,689

5,000

32,566

CREDITORS

Amounts falling due within one year

5,866

17,972

NET CURRENT (LIABILITIES)/ASSETS

(866

)

14,594

TOTAL ASSETS LESS CURRENT
LIABILITIES

397

16,278

PROVISIONS FOR LIABILITIES

253

337

NET ASSETS

144

15,941

CAPITAL AND RESERVES

Called up share capital

3

1

Profit and loss account

143

15,940

SHAREHOLDERS' FUNDS

144

15,941

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 9 January 2017 and were signed on
its behalf by:

J W H Davies - 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 January 2015).

Turnover

Turnover represents gross sales of services and expenses recharged in the period. Income is

recognised as payment becomes due.

Tangible fixed assets

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

Computer Equipment

-

25% on reducing balance

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 the profit and loss account in the period to which they

relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

and 31 May 2016

2,377

DEPRECIATION

At 1 June 2015

693

Charge for year

421

At 31 May 2016

1,114

NET BOOK VALUE

At 31 May 2016

1,263

At 31 May 2015

1,684

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

4

Ordinary

£1.00

1

(2015 - 1 )

3 Ordinary shares of £1.00 were issued during the year for cash of £ 3 .