Registered number
07512773
Innovation Pharma Services Ltd
Filleted Accounts
27 February 2023
Innovation Pharma Services Ltd
Registered number: 07512773
Balance Sheet
as at 27 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 525 656
Current assets
Debtors 4 - 5,966
Cash at bank and in hand 14,123 1,715
14,123 7,681
Creditors: amounts falling due within one year 5 (10,984) (6,155)
Net current assets 3,139 1,526
Net assets 3,664 2,182
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,564 2,082
Shareholder's funds 3,664 2,182
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Richard Gibbs
Director
Approved by the board on 17 November 2023
Innovation Pharma Services Ltd
Notes to the Accounts
for the year ended 27 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 28 February 2022 1,977
At 27 February 2023 1,977
Depreciation
At 28 February 2022 1,321
Charge for the year 131
At 27 February 2023 1,452
Net book value
At 27 February 2023 525
At 27 February 2022 656
4 Debtors 2023 2022
£ £
Trade debtors - 5,966
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 4,134 3,692
Other taxes and social security costs 750 1,959
Director loan account 2,618 64
Accruals 450 440
Other creditors 3,032 -
10,984 6,155
6 Other information
Innovation Pharma Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lime Tree House
Top Road
Slindon
West Sussex
BN18 0RP
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