Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Innvent Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4 ) have been prepared.
Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Innvent Limited
for the Year Ended 30 December 2015
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Innvent Limited for the year ended 30 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html .
This report is made solely to the Board of Directors of Innvent Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Innvent Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innvent Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Innvent Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Innvent Limited. You consider that Innvent 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 accounts of Innvent 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 accounts.
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Spirare Limited
Chartered Certified Accountants
Mey House
Bridport Road
Poundbury
Dorset
DT1 3QY
30 September 2016
Innvent Limited
(Registration number: 04375699)
Abbreviated Balance Sheet at 30 December 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Investments |
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Current assets |
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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 liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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Mr D A Norris
Director
2
Innvent Limited
Notes to the Abbreviated Accounts for the Year Ended 30 December 2015
......... continued
Accounting policies |
Basis of preparation
Going concern
The company has net current liabilities at the year end which include a loan from the directors. The directors will continue to support the company by providing a loan as required to meet the other liabbilities of the company as they fall due. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis.
Turnover
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Fixed asset investments
Hire purchase and leasing
Financial instruments
Innvent Limited
Notes to the Abbreviated Accounts for the Year Ended 30 December 2015
......... continued
Fixed assets |
Tangible assets
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Investments
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Total
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Cost |
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At 31 December 2014 |
7,524 |
1,333 |
8,857 |
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At 30 December 2015 |
7,524 |
1,333 |
8,857 |
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Depreciation |
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At 31 December 2014 |
5,055 |
- |
5,055 |
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Charge for the year |
617 |
- |
617 |
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At 30 December 2015 |
5,672 |
- |
5,672 |
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Net book value |
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At 30 December 2015 |
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At 30 December 2014 |
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Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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Control |
The company is controlled by