InVentaBrand Consulting Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07215710 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2017

FOR

INVENTABRAND CONSULTING LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

Mr P J Monk

SECRETARY:

Mrs S Monk

REGISTERED OFFICE:

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

REGISTERED NUMBER:

07215710 (England and Wales)

ACCOUNTANTS:

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is

only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain

other primary statements and the Report of the Director are not required to be filed with the Registrar

of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval

the financial statements of InVentaBrand Consulting Limited for the year ended 31 July 2017 which comprise

the Income Statement, Balance Sheet, and the related notes from the company's accounting records and

from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of InVentaBrand Consulting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of InVentaBrand Consulting Limited and state those matters that we have agreed to state to the director of InVentaBrand Consulting Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than InVentaBrand Consulting Limited director for our work or for this report.

It is your duty to ensure that InVentaBrand Consulting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of InVentaBrand Consulting Limited. You consider that InVentaBrand Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of InVentaBrand Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Seymour Taylor Audit Limited

57 London Road

High Wycombe

Buckinghamshire

HP11 1BS

13 December 2017

FIXED ASSETS

Tangible assets

4

4,914

2,975

CURRENT ASSETS

Debtors

5

210,251

303,436

Cash at bank

110,848

38,120

321,099

341,556

CREDITORS

Amounts falling due within one year

6

210,219

141,232

NET CURRENT ASSETS

110,880

200,324

TOTAL ASSETS LESS CURRENT LIABILITIES

115,794

203,299

PROVISIONS FOR LIABILITIES

933

595

NET ASSETS

114,861

202,704

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

114,761

202,604

SHAREHOLDERS' FUNDS

114,861

202,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 December 2017 and were signed by:

Mr P J Monk - Director

1.	STATUTORY INFORMATION

Inventabrand Consulting Limited is a private company limited by shares and incorporated in England

and Wales. The address of the company's registered office is 57 London Road, High Wycombe,

Buckinghamshire, HP11 1BS. The principal place of business is 30 Thurlby Way, Maidenhead,

Berkshire, SL6 3YZ. The registered number is 07215710.

The principal activity of the company is that of business and management consultancy to the grocery

trade.

The presentation currency of these financial statements is Sterling (£), being the currency of the

primary economic market in which the entity operates (its functional currency). All amounts in these

financial statements have been rounded to the nearest pound unless stated otherwise.

The significant accounting policies applied in the preparation of these financial statements are set out

below. These policies have been consistently applied to all years presented unless otherwise stated.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. 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.

Tangible fixed assets

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

Fixtures and fittings

-

reducing balance - 25%

Computer equipment

-

reducing balance - 25%

Taxation

Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the profit

and loss account except to the extent that it relates to items recognised directly in equity or other

comprehensive income, in which case it is recognised directly in equity or other comprehensive

income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using

tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax

payable in respect of previous years.

Deferred tax

Deferred tax is provided on timing differences which arise from the inclusion of income and expenses

in tax assessments in periods different from those in which they are recognised in the financial

statements. Differences between accumulated depreciation and tax allowances for the cost of a fixed

asset, if and when all conditions for retaining the tax allowances have been met, are not provided for.

Deferred tax is not recognised on permanent differences arising because certain types of income or

expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are

greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related

difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax

balances are not discounted.

Financial instruments

The company has applied the provisions of Section 11 "Basic Financial Instruments" and Section 12

"Other Financial Instrument Issues" of FRS 102 to its financial statements.

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument

is any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

Transition to FRS 102

The entity transitioned from previous UK GAAP to Section 1A of FRS 102 as at 1 August 2015. Details

of how Section 1A of FRS 102 has affected the reported financial position and financial performance

are given in the final note to the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 August 2016

2,643

3,261

5,904

Additions

-

3,577

3,577

At 31 July 2017

2,643

6,838

9,481

DEPRECIATION

At 1 August 2016

1,147

1,782

2,929

Charge for year

374

1,264

1,638

At 31 July 2017

1,521

3,046

4,567

NET BOOK VALUE

At 31 July 2017

1,122

3,792

4,914

At 31 July 2016

1,496

1,479

2,975

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

170,926

246,047

Other debtors

14,116

21,147

Directors' current accounts

-

9,503

VAT

-

12,919

Prepayments

25,209

13,820

210,251

303,436

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

56,373

41,020

Corporation tax

78,138

95,534

Social security and other taxes

1,681

(72

)

VAT

42,807

-

Other creditors

-

99

Directors' current accounts

29,613

-

Accruals and deferred income

1,607

4,651

210,219

141,232

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2017 and

31 July 2016:

2017

2016

£

£

Mr P J Monk

Balance outstanding at start of year

9,503

-

Amounts advanced

99,914

140,190

Amounts repaid

(132,297

)

(130,687

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,880

)

9,503

8.	RELATED PARTY DISCLOSURES

The company was under the control of Mr P J Monk, the director, throughout the current and previous

year.

At the balance sheet date, the director was owed £22,880 (In 2016 the company owed the director

£9,503) via the director's loan account.

9.	FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102. The company

transitioned to Section 1A of FRS 102 on 1 August 2015.

No transitional adjustments were required on equity or profit or loss for the period.