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Registered Number: 13478859
England & Northern Ireland

 

 

 

INNOVATION DAILY LTD


Abridged Accounts
 


Period of accounts

Start date: 26 June 2021

End date: 30 June 2022
 
 
Notes
 
2022
£
Current assets    
Debtors 1,528 
Cash at bank and in hand 1,031 
2,559 
Creditors: amount falling due within one year (2,020)
Net current assets 539 
 
Total assets less current liabilities 539 
Net assets 539 
 

Capital and reserves
   
Called up share capital 1 
Profit and loss account 538 
Shareholder's funds 539 
 


For the period ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 22 July 2022 and were signed by:


--------------------------------
Gally Azangisa
Director
1
General Information
INNOVATION DAILY LTD is a private company, limited by shares, registered in England & Northern Ireland, registration number 13478859, registration address 50 DEVON PLACE, NEWPORT , WALES, NP20 4NU

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2.

Average number of employees

Average number of employees during the period was 1.
2