Company Registration No. SC687916 (Scotland)
Innovation Cleans Ltd
Unaudited accounts
for the year ended 28 February 2023
Innovation Cleans Ltd
Unaudited accounts
Contents
Innovation Cleans Ltd
Company Information
for the year ended 28 February 2023
Company Number
SC687916 (Scotland)
Registered Office
272 Bath Street
Glasgow
G2 4JR
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
Innovation Cleans Ltd
Statement of financial position
as at 28 February 2023
Cash at bank and in hand
18,576
114
Creditors: amounts falling due within one year
(11,401)
(19,377)
Net current assets/(liabilities)
7,675
(18,763)
Total assets less current liabilities
8,641
(18,215)
Creditors: amounts falling due after more than one year
(50,000)
-
Net liabilities
(41,359)
(18,215)
Profit and loss account
(41,359)
(18,215)
Shareholders' funds
(41,359)
(18,215)
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 her 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
Shelby Cameron
Director
Company Registration No. SC687916
Innovation Cleans Ltd
Notes to the Accounts
for the year ended 28 February 2023
Innovation Cleans Ltd is a private company, limited by shares, registered in Scotland, registration number SC687916. The registered office is 272 Bath Street, Glasgow, G2 4JR, Scotland.
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:
Plant & machinery
10% reducing balance
Fixtures & fittings
10% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
444
53
125
622
At 28 February 2023
444
589
125
1,158
At 1 March 2022
44
5
25
74
Charge for the year
40
58
20
118
At 28 February 2023
84
63
45
192
At 28 February 2023
360
526
80
966
At 28 February 2022
400
48
100
548
Innovation Cleans Ltd
Notes to the Accounts
for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
11,092
1,730
Loans from directors
(1,330)
16,892
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).