Registered number: 07301624

Innovative Professional Solutions Limited
Unaudited Financial Statements
for the year ended 31 July 2023

Statement of Financial Position

as at 31 July 2023

  2023
2022
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  2,483  
 
  4,515  
Current assets  
77,418    
 
129,335    
Prepayments and accrued income  
-    
 
-    
Creditors: amounts falling due within one year  
( 165 )  
 
( 2,785 )  
Net current assets (liabilities)  
  77,253  
 
  126,550  
Total assets less current liabilities  
  79,736  
 
  131,065  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  -  
Net assets  
  79,736  
 
  131,065  
   
Capital and reserves  
  79,736  
 
  131,065  

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Footnotes to the Statement of Financial Position

Mario Sinacore Trudy Sinacore

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Mario Sinacore

During the accounting year Mario Sinacore, a director of the company received an advance from the company that was repaid by 31/07/2023.

The following conditions are attached to advances payable by Mario Sinacore:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid to the company.
Opening balance 01/08/2022 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/07/2023
£ £ £ £ £ £ £
0   ( 50,000 )
( 50,000 )
50,000
50,000  
0 0 0 0  

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/07/2023 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 07301624

c) The company is a private company and is limited by shares

d) The companies registered office address is W8a Knoll Business Centre 325-327 Old Shoreham Road, Hove, BN3 7GS, United Kingdom



Approved by the board of directors and signed on behalf of the board,

Innovative Professional Solutions Limited
Director Mario Sinacore
Date of approval: 02/03/2024
The company was trading for the entire period 2022-08-01 2023-07-31 2023-07-31 IT Consultancy 2024-03-02 2024-03-02