Et Al Innovations Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 03718039 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

ET AL INNOVATIONS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

S Marsden Dr

S Marsden

S Gregory

Secretary:

S Marsden Dr

Registered office:

Second Floor

1 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

Registered number:

03718039 (England and Wales)

Accountants:

PKW Accountancy Ltd

Second Floor

1 Church Square

Leighton Buzzard

Bedfordshire

LU7 1AE

Fixed assets

Intangible assets

5

1,381

1,480

Tangible assets

6

177,936

237,247

179,317

238,727

Current assets

Stocks

-

245

Debtors

7

407,892

233,758

Cash at bank

368,382

187,102

776,274

421,105

Creditors

Amounts falling due within one year

8

220,965

102,662

Net current assets

555,309

318,443

Total assets less current liabilities

734,626

557,170

Provisions for liabilities

32,934

46,327

Net assets

701,692

510,843

Capital and reserves

Called up share capital

100

100

Retained earnings

701,592

510,743

Shareholders' funds

701,692

510,843

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 13 June 2017 and were signed on its behalf by:

S Marsden Dr - Director

1.	Statutory information

Et Al Innovations Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	Statement of compliance

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Intangible assets

The intangible fixed assets are patents trade marks; they are amortised to profit and loss account over their

estimated economic life of 20 years.

Tangible fixed assets

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

Computer and office equipment 25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

4.	Employees and directors

The average number of employees during the year was 3 .

5.	Intangible fixed assets

Other

intangible

assets

£

Cost

At 1 April 2016

and 31 March 2017

1,975

Amortisation

At 1 April 2016

495

Charge for year

99

At 31 March 2017

594

Net book value

At 31 March 2017

1,381

At 31 March 2016

1,480

6.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2016

and 31 March 2017

522,688

Depreciation

At 1 April 2016

285,441

Charge for year

59,311

At 31 March 2017

344,752

Net book value

At 31 March 2017

177,936

At 31 March 2016

237,247

7.

Debtors: amounts falling due within one year

31.3.17

31.3.16

£

£

Trade debtors

280,155

142,610

Other debtors

127,737

91,148

407,892

233,758

8.

Creditors: amounts falling due within one year

31.3.17

31.3.16

£

£

Trade creditors

11,191

84

Taxation and social security

196,235

98,551

Other creditors

13,539

4,027

220,965

102,662

9.	Ultimate controlling party

The company is under the control of the directors Mr and Mrs Marsden who own 67% of the issued share capital

between them.