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Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
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Embrace Innovation Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 July 2015 |
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for |
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Embrace Innovation Limited |
Embrace Innovation Limited (Registered number: 08511132) |
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Contents of the Abbreviated Accounts |
for the year ended 31 July 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 3 |
Embrace Innovation Limited |
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Company Information |
for the year ended 31 July 2015 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Embrace Innovation Limited (Registered number: 08511132) |
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Abbreviated Balance Sheet |
31 July 2015 |
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2015 | 2014 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 2 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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Embrace Innovation Limited (Registered number: 08511132) |
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Notes to the Abbreviated Accounts |
for the year ended 31 July 2015 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective April 2008). |
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Turnover |
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of |
service contracts where turnover is recognised when the company obtains the right to consideration. |
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Stocks |
Work in progress is valued at the lower of cost and net realisable value. |
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Going concern |
At the balance sheet date the company was dependent upon the continued support of its directors. The directors |
intend to continue to provide financial support for the ongoing development work being carried out. |
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2. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | 1 |
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200 Ordinary shares of £1 were issued during 2014 for cash of £200. |