Company Registration No. 08716943 (England and Wales)
INKVITE LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
INKVITE LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
INKVITE LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Current assets
Debtors
147
1,564
Cash at bank and in hand
11,314
20,175
11,461
21,739
Creditors: amounts falling due within one year
(486)
(2,655)
Total assets less current liabilities
10,975
19,084
Creditors: amounts falling due after more than one year
(16,037)
(11,037)
(5,062)
8,047
Capital and reserves
Called up share capital
2
125
125
Share premium account
149,875
149,875
Profit and loss account
(155,062)
(141,953)
Shareholders' funds
(5,062)
8,047
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the 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 accounts, so far as applicable to the company.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved by the Board and authorised for issue on 29 July 2016
Mr C Helm
Director
Company Registration No. 08716943
INKVITE LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Research and development
Research expenditure is written off to the profit and loss account in the year in which it is incurred. Development expenditure is written off in the same way unless the director are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period during which the company is expected to benefit.
1.5
Leasing
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2
Share capital
2015
2014
£
£
Allotted, called up and fully paid
1,250,000 Ordinary shares of 0.01p each
125
125