Company Registration No. 07768810 (England and Wales)
INNOV8OUT LIMITED
Unaudited accounts
for the year ended 31 December 2022
INNOV8OUT LIMITED
Unaudited accounts
Contents
INNOV8OUT LIMITED
Company Information
for the year ended 31 December 2022
Director
William Alois Silverstone
Company Number
07768810 (England and Wales)
Registered Office
UNITS 5 & 6 RUSHACRE ENTERPRISE PARK
REDSTONE ROAD
NARBERTH
DYFED
SA67 7ET
WALES
Accountants
Easy Accounting Services Ltd
Unit 3
Narberth Bridge Business Park
Narberth
Pembrokeshire
SA67 8RA
INNOV8OUT LIMITED
Statement of financial position
as at 31 December 2022
Called up share capital not paid
(100)
(100)
Tangible assets
93,788
90,562
Cash at bank and in hand
19,685
9,108
Creditors: amounts falling due within one year
(109,394)
(88,381)
Net current liabilities
(59,804)
(68,772)
Total assets less current liabilities
33,884
21,690
Creditors: amounts falling due after more than one year
(9,790)
(18,682)
Capital contribution reserve
(37,896)
(35,623)
Profit and loss account
61,990
38,631
Shareholders' funds
24,094
3,008
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 29 August 2023 and were signed on its behalf by
William Alois Silverstone
Director
Company Registration No. 07768810
INNOV8OUT LIMITED
Notes to the Accounts
for the year ended 31 December 2022
INNOV8OUT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07768810. The registered office is UNITS 5 & 6 RUSHACRE ENTERPRISE PARK, REDSTONE ROAD, NARBERTH, DYFED, SA67 7ET, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
37,210
32,929
101,945
172,084
Additions
-
12,711
20,703
33,414
At 31 December 2022
37,210
45,640
122,648
205,498
At 1 January 2022
20,722
8,694
52,106
81,522
Charge for the year
5,496
8,079
16,613
30,188
At 31 December 2022
26,218
16,773
68,719
111,710
At 31 December 2022
10,992
28,867
53,929
93,788
At 31 December 2021
16,488
24,235
49,839
90,562
Amounts falling due within one year
Trade debtors
26,784
7,200
Accrued income and prepayments
3,121
3,121
INNOV8OUT LIMITED
Notes to the Accounts
for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
49,497
43,188
Taxes and social security
16,754
2,764
Loans from directors
10,971
10,187
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Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
3,559
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Average number of employees
During the year the average number of employees was 2 (2021: 2).