2022-08-012023-07-312023-07-31false05521130INNATEQ LIMITED2023-09-30iso4217:GBPxbrli:pure055211302022-08-01055211302023-07-31055211302022-08-012023-07-31055211302021-08-01055211302022-07-31055211302021-08-012022-07-3105521130bus:SmallEntities2022-08-012023-07-3105521130bus:AuditExempt-NoAccountantsReport2022-08-012023-07-3105521130bus:FullAccounts2022-08-012023-07-3105521130bus:PrivateLimitedCompanyLtd2022-08-012023-07-3105521130core:WithinOneYear2023-07-3105521130core:AfterOneYear2023-07-3105521130core:WithinOneYear2022-07-3105521130core:AfterOneYear2022-07-3105521130core:ShareCapital2023-07-3105521130core:SharePremium2023-07-3105521130core:RevaluationReserve2023-07-3105521130core:OtherReservesSubtotal2023-07-3105521130core:RetainedEarningsAccumulatedLosses2023-07-3105521130core:ShareCapital2022-07-3105521130core:SharePremium2022-07-3105521130core:RevaluationReserve2022-07-3105521130core:OtherReservesSubtotal2022-07-3105521130core:RetainedEarningsAccumulatedLosses2022-07-3105521130core:LandBuildings2023-07-3105521130core:PlantMachinery2023-07-3105521130core:Vehicles2023-07-3105521130core:FurnitureFittings2023-07-3105521130core:OfficeEquipment2023-07-3105521130core:NetGoodwill2023-07-3105521130core:IntangibleAssetsOtherThanGoodwill2023-07-3105521130core:ListedExchangeTraded2023-07-3105521130core:UnlistedNon-exchangeTraded2023-07-3105521130core:LandBuildings2022-07-3105521130core:PlantMachinery2022-07-3105521130core:Vehicles2022-07-3105521130core:FurnitureFittings2022-07-3105521130core:OfficeEquipment2022-07-3105521130core:NetGoodwill2022-07-3105521130core:IntangibleAssetsOtherThanGoodwill2022-07-3105521130core:ListedExchangeTraded2022-07-3105521130core:UnlistedNon-exchangeTraded2022-07-3105521130core:LandBuildings2022-08-012023-07-3105521130core:PlantMachinery2022-08-012023-07-3105521130core:Vehicles2022-08-012023-07-3105521130core:FurnitureFittings2022-08-012023-07-3105521130core:OfficeEquipment2022-08-012023-07-3105521130core:NetGoodwill2022-08-012023-07-3105521130core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3105521130core:ListedExchangeTraded2022-08-012023-07-3105521130core:UnlistedNon-exchangeTraded2022-08-012023-07-3105521130core:MoreThanFiveYears2022-08-012023-07-3105521130core:Non-currentFinancialInstruments2023-07-3105521130core:Non-currentFinancialInstruments2022-07-3105521130dpl:CostSales2022-08-012023-07-3105521130dpl:DistributionCosts2022-08-012023-07-3105521130core:LandBuildings2022-08-012023-07-3105521130core:PlantMachinery2022-08-012023-07-3105521130core:Vehicles2022-08-012023-07-3105521130core:FurnitureFittings2022-08-012023-07-3105521130core:OfficeEquipment2022-08-012023-07-3105521130dpl:AdministrativeExpenses2022-08-012023-07-3105521130core:NetGoodwill2022-08-012023-07-3105521130core:IntangibleAssetsOtherThanGoodwill2022-08-012023-07-3105521130dpl:GroupUndertakings2022-08-012023-07-3105521130dpl:ParticipatingInterests2022-08-012023-07-3105521130dpl:GroupUndertakingscore:ListedExchangeTraded2022-08-012023-07-3105521130core:ListedExchangeTraded2022-08-012023-07-3105521130dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-08-012023-07-3105521130core:UnlistedNon-exchangeTraded2022-08-012023-07-3105521130dpl:CostSales2021-08-012022-07-3105521130dpl:DistributionCosts2021-08-012022-07-3105521130core:LandBuildings2021-08-012022-07-3105521130core:PlantMachinery2021-08-012022-07-3105521130core:Vehicles2021-08-012022-07-3105521130core:FurnitureFittings2021-08-012022-07-3105521130core:OfficeEquipment2021-08-012022-07-3105521130dpl:AdministrativeExpenses2021-08-012022-07-3105521130core:NetGoodwill2021-08-012022-07-3105521130core:IntangibleAssetsOtherThanGoodwill2021-08-012022-07-3105521130dpl:GroupUndertakings2021-08-012022-07-3105521130dpl:ParticipatingInterests2021-08-012022-07-3105521130dpl:GroupUndertakingscore:ListedExchangeTraded2021-08-012022-07-3105521130core:ListedExchangeTraded2021-08-012022-07-3105521130dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-08-012022-07-3105521130core:UnlistedNon-exchangeTraded2021-08-012022-07-3105521130core:NetGoodwill2023-07-3105521130core:IntangibleAssetsOtherThanGoodwill2023-07-3105521130core:LandBuildings2023-07-3105521130core:PlantMachinery2023-07-3105521130core:Vehicles2023-07-3105521130core:FurnitureFittings2023-07-3105521130core:OfficeEquipment2023-07-3105521130core:AfterOneYear2023-07-3105521130core:WithinOneYear2023-07-3105521130core:ListedExchangeTraded2023-07-3105521130core:UnlistedNon-exchangeTraded2023-07-3105521130core:ShareCapital2023-07-3105521130core:SharePremium2023-07-3105521130core:RevaluationReserve2023-07-3105521130core:OtherReservesSubtotal2023-07-3105521130core:RetainedEarningsAccumulatedLosses2023-07-3105521130core:NetGoodwill2022-07-3105521130core:IntangibleAssetsOtherThanGoodwill2022-07-3105521130core:LandBuildings2022-07-3105521130core:PlantMachinery2022-07-3105521130core:Vehicles2022-07-3105521130core:FurnitureFittings2022-07-3105521130core:OfficeEquipment2022-07-3105521130core:AfterOneYear2022-07-3105521130core:WithinOneYear2022-07-3105521130core:ListedExchangeTraded2022-07-3105521130core:UnlistedNon-exchangeTraded2022-07-3105521130core:ShareCapital2022-07-3105521130core:SharePremium2022-07-3105521130core:RevaluationReserve2022-07-3105521130core:OtherReservesSubtotal2022-07-3105521130core:RetainedEarningsAccumulatedLosses2022-07-3105521130core:NetGoodwill2021-08-0105521130core:IntangibleAssetsOtherThanGoodwill2021-08-0105521130core:LandBuildings2021-08-0105521130core:PlantMachinery2021-08-0105521130core:Vehicles2021-08-0105521130core:FurnitureFittings2021-08-0105521130core:OfficeEquipment2021-08-0105521130core:AfterOneYear2021-08-0105521130core:WithinOneYear2021-08-0105521130core:ListedExchangeTraded2021-08-0105521130core:UnlistedNon-exchangeTraded2021-08-0105521130core:ShareCapital2021-08-0105521130core:SharePremium2021-08-0105521130core:RevaluationReserve2021-08-0105521130core:OtherReservesSubtotal2021-08-0105521130core:RetainedEarningsAccumulatedLosses2021-08-0105521130core:AfterOneYear2022-08-012023-07-3105521130core:WithinOneYear2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:CostValuation2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-012023-07-3105521130core:Non-currentFinancialInstrumentscore:CostValuation2023-07-3105521130core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-07-3105521130core:Non-currentFinancialInstrumentscore:CostValuation2022-07-3105521130core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-07-3105521130core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-07-3105521130bus:Director12022-08-012023-07-3105521130bus:Director22022-08-012023-07-3105521130core:FurnitureFittingsToolsEquipment2022-07-3105521130core:FurnitureFittingsToolsEquipment2022-08-012023-07-3105521130core:FurnitureFittingsToolsEquipment2023-07-31

INNATEQ LIMITED

Registered Number
05521130
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2023

INNATEQ LIMITED
Company Information
for the year from 1 August 2022 to 31 July 2023

Directors

MORGAN, Kevin Graham
TOGHILL, Laura Jane

Registered Address

80 Shackleton Avenue
Yate
Bristol
BS37 4NW

Registered Number

05521130 (England and Wales)
INNATEQ LIMITED
Statement of Financial Position
31 July 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets656,95820,122
56,95820,122
Current assets
Stocks7203,544184,613
Debtors8163,54586,904
Cash at bank and on hand333,689338,836
700,778610,353
Creditors amounts falling due within one year9(91,490)(77,719)
Net current assets (liabilities)609,288532,634
Total assets less current liabilities666,246552,756
Net assets666,246552,756
Capital and reserves
Called up share capital100100
Profit and loss account666,146552,656
Shareholders' funds666,246552,756
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2023, and are signed on its behalf by:
MORGAN, Kevin Graham
Director
TOGHILL, Laura Jane
Director

Registered Company No. 05521130
INNATEQ LIMITED
Notes to the Financial Statements
for the year ended 31 July 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company during the year is that of installing industrial machinery.
4.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings10
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Stocks policy
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 August 2215,14513,64328,381-25,75582,924
Additions--49,2511,042-50,293
At 31 July 2315,14513,64377,6321,04225,755133,217
Depreciation and impairment
At 01 August 2214,8873,96922,768-21,17862,802
Charge for year652,4199,6122171,14413,457
At 31 July 2314,9526,38832,38021722,32276,259
Net book value
At 31 July 231937,25545,2528253,43356,958
At 31 July 222589,6745,613-4,57720,122
7.Stocks

2023

2022

££
Finished goods203,544184,613
Total203,544184,613
8.Debtors

2023

2022

££
Trade debtors / trade receivables159,73283,200
Other debtors1,9712,205
Prepayments and accrued income1,8421,499
Total163,54586,904
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables1,24816,975
Taxation and social security88,90858,999
Other creditors24-
Accrued liabilities and deferred income1,3101,745
Total91,49077,719
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.