Invest And Trade Ltd - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05881191 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2017

for

Invest And Trade Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S J Curran

SECRETARY:

Corporo Limited

REGISTERED OFFICE:

78 York Street

London

W1H 1DP

REGISTERED NUMBER:

05881191 (England and Wales)

ACCOUNTANTS:

Business Help UK Ltd

1st - 2nd Floor

138 South Street

Romford

Essex

RM1 1TE

FIXED ASSETS

Investments

4

252,194

252,194

CURRENT ASSETS

Cash at bank and in hand

10,887

9,018

CREDITORS

Amounts falling due within one year

5

(22,144

)

(30,203

)

NET CURRENT ASSETS

33,031

39,221

TOTAL ASSETS LESS CURRENT LIABILITIES

285,225

291,415

CREDITORS

Amounts falling due after more than one year

6

108,715

108,715

NET ASSETS

176,510

182,700

CAPITAL AND RESERVES

Called up share capital

7

3

3

Retained earnings

176,507

182,697

SHAREHOLDERS' FUNDS

176,510

182,700

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 30 April 2018 and were signed by:

S J Curran - Director

1.	STATUTORY INFORMATION

Invest And Trade Ltd 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.	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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	FIXED ASSET INVESTMENTS

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans and overdrafts

(22,145

)

(30,204

)

Trade creditors

1

1

(22,144

)

(30,203

)

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.17

31.7.16

£

£

Bank loans

108,715

108,715

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.17

31.7.16

value:

£

£

3

Ordinary

1

3

3