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REGISTERED NUMBER: 06402512 (England and Wales)














ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2014

FOR

INVAPAY PAYMENT SOLUTIONS LIMITED

INVAPAY PAYMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06402512)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

INVAPAY PAYMENT SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2014







DIRECTORS: Mr S Vasili
Mr N A Radley





SECRETARY: Mrs A Vasili





REGISTERED OFFICE: 1st Floor
Sherwood House
Bluecoats Avenue
Hertford
Hertfordshire
SG14 1PB





REGISTERED NUMBER: 06402512 (England and Wales)





ACCOUNTANTS: Gary J Cansick & Co
Chartered Acountants
Janelle House
Hartham Lane
Hertford
Hertfordshire
SG14 1QN
Page 1
INVAPAY PAYMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06402512)

ABBREVIATED BALANCE SHEET
31 DECEMBER 2014

31.12.14 31.12.13
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 7,399 7,613

CURRENT ASSETS
Debtors 231,188 117,096
Cash at bank 15,199 88,815
246,387 205,911
CREDITORS
Amounts falling due within one year 57,148 88,619
NET CURRENT ASSETS 189,239 117,292
TOTAL ASSETS LESS CURRENT
LIABILITIES
196,638
124,905

CREDITORS
Amounts falling due after more than one
year
2,228,755
1,825,300
NET LIABILITIES (2,032,117 ) (1,700,395 )

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account (2,032,217 ) (1,700,495 )
SHAREHOLDERS' FUNDS (2,032,117 ) (1,700,395 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 19 May 2015 and were signed on its behalf by:



Mr S Vasili - Director


The notes form part of these abbreviated accounts

Page 2
INVAPAY PAYMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06402512)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2014

1. ACCOUNTING POLICIES

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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 - 25% on cost
Fixtures and fittings - 25% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 January 2014 26,401
Additions 5,921
At 31 December 2014 32,322
DEPRECIATION
At 1 January 2014 18,788
Charge for year 6,135
At 31 December 2014 24,923
NET BOOK VALUE
At 31 December 2014 7,399
At 31 December 2013 7,613

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.14 31.12.13
value: £    £   
100 Ordinary shares £1 100 100

4. POST BALANCE SHEET EVENTS

On 15th May 2015 an allotment of 2,500,300 ordinary shares in the company at £1 each, a total of £2,500,300,
was transacted by way of a combination of cash injection and capitalisation of directors loans.

Page 3 continued...
INVAPAY PAYMENT SOLUTIONS LIMITED (REGISTERED NUMBER: 06402512)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2014

5. GOING CONCERN

At the balance sheet date, creditors falling due after more than one year includes loans by a company controlled
by one of the Directors in the sum of £367,541. There is, in addition, a creditor falling due after more than one
year comprising of a loan from a director in the sum of £1,861,214. The Director is willing for support to
continue at this level and does not seek repayment of such loans until it is possible without affecting the
company's trading position.The capitalisation of loans in May 2015, mentioned above, reinforces this position.

Page 4