1 March 2022 false No description of principal activity Taxfiler 2023.10.1 11844319business:PrivateLimitedCompanyLtd2022-03-012023-02-28 118443192022-02-28 118443192022-03-012023-02-28 11844319business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 11844319business:FilletedAccounts2022-03-012023-02-28 118443192023-02-28 11844319business:Director12022-03-012023-02-28 11844319business:RegisteredOffice2022-03-012023-02-28 118443192022-02-28 11844319core:WithinOneYear2023-02-28 11844319core:WithinOneYear2022-02-28 11844319core:AfterOneYear2023-02-28 11844319core:AfterOneYear2022-02-28 11844319core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 11844319core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 11844319core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 11844319core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 11844319core:PreviouslyStatedAmount2023-02-28 11844319core:PreviouslyStatedAmount2022-02-28 11844319business:SmallEntities2022-03-012023-02-28 11844319countries:EnglandWales2022-03-012023-02-28 11844319core:FurnitureFittings2022-03-012023-02-28 11844319core:ComputerEquipment2022-03-012023-02-28 11844319core:FurnitureFittings2022-02-28 11844319core:ComputerEquipment2022-02-28 11844319core:FurnitureFittings2023-02-28 11844319core:ComputerEquipment2023-02-28 118443192021-03-012022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 11844319 (England and Wales)
Innotronix Ltd Unaudited accounts for the year ended 28 February 2023
Innotronix Ltd Unaudited accounts Contents
Page
- 2 -
Innotronix Ltd Company Information for the year ended 28 February 2023
Director
John Jennison ANTHONYRAJAH
Company Number
11844319 (England and Wales)
Registered Office
Unit18,Heron Business Centre Henwood Industrial Estate Ashford Kent TN24 8DH United Kingdom
Accountants
SAJA Accountancy Ltd Unit A2C Redlands Coulsdon Surrey CR5 2HT
- 3 -
Innotronix Ltd Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,058 
3,900 
Current assets
Inventories
47,672 
12,578 
Debtors
1,265 
23,212 
Cash at bank and in hand
14,585 
2,504 
63,522 
38,294 
Creditors: amounts falling due within one year
(41,547)
(8,967)
Net current assets
21,975 
29,327 
Total assets less current liabilities
29,033 
33,227 
Creditors: amounts falling due after more than one year
(13,174)
(17,474)
Net assets
15,859 
15,753 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
15,759 
15,653 
Shareholders' funds
15,859 
15,753 
For the year ending 28 February 2023 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 28 November 2023 and were signed on its behalf by
John Jennison ANTHONYRAJAH Director Company Registration No. 11844319
- 4 -
Innotronix Ltd Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
Innotronix Ltd is a private company, limited by shares, registered in England and Wales, registration number 11844319. The registered office is Unit18,Heron Business Centre, Henwood Industrial Estate, Ashford, Kent, TN24 8DH, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Fixtures & fittings
20% Depreciation from the following of purchase of them
Computer equipment
33% Depreciation from the following of purchase of them
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2022
2,642 
2,233 
4,875 
Additions
- 
4,133 
4,133 
At 28 February 2023
2,642 
6,366 
9,008 
Depreciation
At 1 March 2022
528 
447 
975 
Charge for the year
528 
447 
975 
At 28 February 2023
1,056 
894 
1,950 
Net book value
At 28 February 2023
1,586 
5,472 
7,058 
At 28 February 2022
2,114 
1,786 
3,900 
- 5 -
Innotronix Ltd Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,265 
- 
Trade debtors
- 
13,462 
Other debtors
- 
9,750 
1,265 
23,212 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
1,352 
Trade creditors
38,162 
4,483 
Taxes and social security
3,385 
3,132 
41,547 
8,967 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
13,174 
17,474 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
- 6 -