Innovative Technologies & Tribology Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07022917 (England and Wales)

Financial Statements

For The Year Ended 28 February 2017

for

Innovative Technologies & Tribology Ltd

Page

Company Information

1

Balance Sheet

2

DIRECTORS:

Mr C W Sutton

Mrs J Sutton

SECRETARY:

Mrs J Sutton

REGISTERED OFFICE:

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

REGISTERED NUMBER:

07022917 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

Natwest Bank Plc

119 High Street

SCUNTHORPE

North Lincolnshire

DN15 6LT

FIXED ASSETS

8,314

6,167

CURRENT ASSETS

10,029

10,904

CREDITORS

Amounts falling due within one year

(3,875

)

(5,269

)

NET CURRENT ASSETS

6,154

5,635

TOTAL ASSETS LESS CURRENT LIABILITIES

14,468

11,802

ACCRUALS AND DEFERRED INCOME

750

600

NET ASSETS

13,718

11,202

CAPITAL AND RESERVES

13,718

11,202

NOTE TO THE FINANCIAL STATEMENTS

1.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended

28 February 2017 and 29 February 2016:

2017

2016

£

£

Mr C W Sutton

Balance outstanding at start of year

899

-

Amounts advanced

-

11,533

Amounts repaid

(899

)

(10,634

)

Balance outstanding at end of year

-

899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 in accordance with the micro-entity provisions and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 20 November 2017 and were signed on its behalf by:

Mr C W Sutton - Director