1 January 2022 false No description of principal activity Taxfiler 2023.9 07768810business:PrivateLimitedCompanyLtd2022-01-012022-12-31 077688102021-12-31 077688102022-01-012022-12-31 07768810business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 07768810business:FilletedAccounts2022-01-012022-12-31 077688102022-12-31 07768810business:Director12022-01-012022-12-31 07768810business:RegisteredOffice2022-01-012022-12-31 077688102021-12-31 07768810core:WithinOneYear2022-12-31 07768810core:WithinOneYear2021-12-31 07768810core:AfterOneYear2022-12-31 07768810core:AfterOneYear2021-12-31 07768810core:CapitalContributionReservecore:PreviouslyStatedAmount2022-12-31 07768810core:CapitalContributionReservecore:PreviouslyStatedAmount2021-12-31 07768810core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 07768810core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 07768810core:PreviouslyStatedAmount2022-12-31 07768810core:PreviouslyStatedAmount2021-12-31 07768810business:SmallEntities2022-01-012022-12-31 07768810countries:EnglandWales2022-01-012022-12-31 07768810core:LandBuildings2021-12-31 07768810core:PlantMachinery2021-12-31 07768810core:MotorVehicles2021-12-31 07768810core:LandBuildings2022-01-012022-12-31 07768810core:PlantMachinery2022-01-012022-12-31 07768810core:MotorVehicles2022-01-012022-12-31 07768810core:LandBuildings2022-12-31 07768810core:PlantMachinery2022-12-31 07768810core:MotorVehicles2022-12-31 077688102021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 07768810 (England and Wales)
INNOV8OUT LIMITED Unaudited accounts for the year ended 31 December 2022
INNOV8OUT LIMITED Unaudited accounts Contents
Page
- 2 -
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
- 3 -
INNOV8OUT LIMITED Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Called up share capital not paid
(100)
(100)
Fixed assets
Tangible assets
93,788 
90,562 
Current assets
Debtors
29,905 
10,501 
Cash at bank and in hand
19,685 
9,108 
49,590 
19,609 
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)
Net assets
24,094 
3,008 
Capital and reserves
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
- 4 -
INNOV8OUT LIMITED Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2022
10,992 
28,867 
53,929 
93,788 
At 31 December 2021
16,488 
24,235 
49,839 
90,562 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
26,784 
7,200 
Accrued income and prepayments
3,121 
3,121 
Other debtors
- 
180 
29,905 
10,501 
- 5 -
INNOV8OUT LIMITED Notes to the Accounts for the year ended 31 December 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
28,584 
30,697 
Trade creditors
49,497 
43,188 
Taxes and social security
16,754 
2,764 
Other creditors
2,043 
- 
Loans from directors
10,971 
10,187 
Accruals
1,545 
1,545 
109,394 
88,381 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
9,790 
15,123 
Obligations under finance leases and hire purchase contracts
- 
3,559 
9,790 
18,682 
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
- 6 -