Innov8 Security Ltd - Accounts to registrar - small 16.3
Innov8 Security Ltd - Accounts to registrar - small 16.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 October 2016 |
| for |
| INNOV8 SECURITY LTD |
| INNOV8 SECURITY LTD (REGISTERED NUMBER: 07398628) |
| Contents of the Financial Statements |
| for the Year Ended 31 October 2016 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| INNOV8 SECURITY LTD |
| Company Information |
| for the Year Ended 31 October 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Bencroft |
| Dassels |
| Braughing |
| Ware |
| Hertfordshire |
| SG11 2RW |
| INNOV8 SECURITY LTD (REGISTERED NUMBER: 07398628) |
| Statement of Financial Position |
| 31 October 2016 |
| 31.10.16 | 31.10.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| INNOV8 SECURITY LTD (REGISTERED NUMBER: 07398628) |
| Statement of Financial Position - continued |
| 31 October 2016 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| INNOV8 SECURITY LTD (REGISTERED NUMBER: 07398628) |
| Notes to the Financial Statements |
| for the Year Ended 31 October 2016 |
| 1. | STATUTORY INFORMATION |
| Innov8 Security Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| INNOV8 SECURITY LTD (REGISTERED NUMBER: 07398628) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Plant and | and | Motor | Computer |
| machinery | fittings | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 November 2015 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 31 October 2016 |
| DEPRECIATION |
| At 1 November 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 October 2016 |
| NET BOOK VALUE |
| At 31 October 2016 |
| At 31 October 2015 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.16 | 31.10.15 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.16 | 31.10.15 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.10.16 | 31.10.15 |
| £ | £ |
| Hire purchase contracts |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £34,000 (2015 - £23,000) were paid to the directors . |
| INNOV8 SECURITY LTD (REGISTERED NUMBER: 07398628) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 October 2016 |
| 9. | FIRST YEAR ADOPTION |
| The company has adopted the provisions of FRS 102 for the first time in its financial statements for the year |
| ended 31 October 2016. The comparative disclosures have been updated to reflect the change in the |
| requirements by UK GAAP, however this has had no material effect on the figures in the financial statements. |
| As such, no reconciliation for the effect of FRS 102 has been provided. |