Invitebase Ltd - Accounts to registrar (filleted) - small 18.1

Invitebase Ltd - Accounts to registrar (filleted) - small 18.1

INVITEBASE LTD - Company Information

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REGISTERED NUMBER: 09204871 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

INVITEBASE LTD
INVITEBASE LTD (REGISTERED NUMBER: 09204871)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INVITEBASE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTOR: H Singh





REGISTERED OFFICE: Unit 23-25 Moor Park Industrial Centre
Tolpits Lane
Watford
Hertfordshire
WD18 9SP





REGISTERED NUMBER: 09204871 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY
Page 1
INVITEBASE LTD (REGISTERED NUMBER: 09204871)

BALANCE SHEET
30 SEPTEMBER 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,887 1,141

CURRENT ASSETS
Stocks 5 - 158,549
Debtors 6 547,160 252,911
Cash at bank 1,505,705 884,709
2,052,865 1,296,169
CREDITORS
Amounts falling due within one year 7 449,205 328,531
NET CURRENT ASSETS 1,603,660 967,638
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,605,547
968,779

PROVISIONS FOR LIABILITIES 8 359 217
NET ASSETS 1,605,188 968,562

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,605,187 968,561
SHAREHOLDERS' FUNDS 1,605,188 968,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 notes form part of these financial statements

Page 2 continued...
INVITEBASE LTD (REGISTERED NUMBER: 09204871)

BALANCE SHEET - continued
30 SEPTEMBER 2017


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 12 June 2018 and were signed by:





H Singh - Director


The notes form part of these financial statements

Page 3
INVITEBASE LTD (REGISTERED NUMBER: 09204871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017


1. STATUTORY INFORMATION

Invitebase 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2016 1,711
Additions 1,690
At 30 September 2017 3,401
DEPRECIATION
At 1 October 2016 570
Charge for year 944
At 30 September 2017 1,514
NET BOOK VALUE
At 30 September 2017 1,887
At 30 September 2016 1,141

Page 4 continued...
INVITEBASE LTD (REGISTERED NUMBER: 09204871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


5. STOCKS
2017 2016
£    £   
Finished goods - 158,549

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 547,160 182,511
Other debtors - 70,400
547,160 252,911

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 120,950 179,467
Taxation and social security 233,122 146,969
Other creditors 95,133 2,095
449,205 328,531

8. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 359 217

Deferred
tax
£   
Balance at 1 October 2016 217
Accelerated capital allowance 142
Balance at 30 September 2017 359

9. RELATED PARTY DISCLOSURES

H Singh was owed £325 (2016 - £325) by the company at the balance sheet date.

10. ULTIMATE CONTROLLING PARTY

The controlling party is H Singh.

The ultimate controlling party is H Singh.

Page 5 continued...
INVITEBASE LTD (REGISTERED NUMBER: 09204871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017


11. FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102. The company transitioned to
FRS 102 on 1 October 2015.

Reconciliation of equity
No transitional adjustments were required.


Reconciliation of profit or loss for the year.
No transitional adjustments were required.

The company has adopted FRS 102 for the year ended 30 September 2017 for the first time. No restatement of
prior year profit under UK GAAP, nor restatement of equity under UK GAAP was required.

Page 6