IRIS Accounts Production v23.4.0.336 06839842 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary A Class 1.00000 Ordinary B Class 1.00000 Ordinary C Class 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068398422022-03-31068398422023-03-31068398422022-04-012023-03-31068398422021-03-31068398422021-04-012022-03-31068398422022-03-3106839842ns15:EnglandWales2022-04-012023-03-3106839842ns14:PoundSterling2022-04-012023-03-3106839842ns10:Director12022-04-012023-03-3106839842ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3106839842ns10:SmallEntities2022-04-012023-03-3106839842ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3106839842ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3106839842ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106839842ns10:FullAccounts2022-04-012023-03-3106839842ns10:OrdinaryShareClass12022-04-012023-03-3106839842ns10:OrdinaryShareClass22022-04-012023-03-3106839842ns10:OrdinaryShareClass32022-04-012023-03-3106839842ns10:Director22022-04-012023-03-3106839842ns10:Director32022-04-012023-03-3106839842ns10:RegisteredOffice2022-04-012023-03-3106839842ns5:CurrentFinancialInstruments2023-03-3106839842ns5:CurrentFinancialInstruments2022-03-3106839842ns5:ShareCapital2023-03-3106839842ns5:ShareCapital2022-03-3106839842ns5:RetainedEarningsAccumulatedLosses2023-03-3106839842ns5:RetainedEarningsAccumulatedLosses2022-03-3106839842ns5:PlantMachinery2022-04-012023-03-3106839842ns5:FurnitureFittings2022-03-3106839842ns5:ComputerEquipment2022-03-3106839842ns5:FurnitureFittings2022-04-012023-03-3106839842ns5:ComputerEquipment2022-04-012023-03-3106839842ns5:FurnitureFittings2023-03-3106839842ns5:ComputerEquipment2023-03-3106839842ns5:FurnitureFittings2022-03-3106839842ns5:ComputerEquipment2022-03-3106839842ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3106839842ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3106839842ns10:OrdinaryShareClass12023-03-3106839842ns10:OrdinaryShareClass22023-03-3106839842ns10:OrdinaryShareClass32023-03-31
REGISTERED NUMBER: 06839842 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

INNOVORSA LIMITED

INNOVORSA LIMITED (REGISTERED NUMBER: 06839842)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNOVORSA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: B C Ho
Y F Lim
L I C L Ng





REGISTERED OFFICE: The Cottages 8 Comberton Road
Barton
Cambridge
CB23 7BA





REGISTERED NUMBER: 06839842 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

INNOVORSA LIMITED (REGISTERED NUMBER: 06839842)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 3,429 5,490

CURRENT ASSETS
Debtors 6 401,274 324,011
Cash at bank 7,577 13,567
408,851 337,578
CREDITORS
Amounts falling due within one year 7 (410,980 ) (348,724 )
NET CURRENT LIABILITIES (2,129 ) (11,146 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,300 (5,656 )

CAPITAL AND RESERVES
Called up share capital 8 3 3
Retained earnings 1,297 (5,659 )
SHAREHOLDERS' FUNDS 1,300 (5,656 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





L I C L Ng - Director


INNOVORSA LIMITED (REGISTERED NUMBER: 06839842)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Innovorsa Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The company derives income from the supply of consultancy services net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 20% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 15,326 19,229 34,555
DEPRECIATION
At 1 April 2022 12,451 16,614 29,065
Charge for year 575 1,486 2,061
At 31 March 2023 13,026 18,100 31,126
NET BOOK VALUE
At 31 March 2023 2,300 1,129 3,429
At 31 March 2022 2,875 2,615 5,490

INNOVORSA LIMITED (REGISTERED NUMBER: 06839842)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 179,843 106,058
Other debtors 221,431 217,953
401,274 324,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 11,900
Trade creditors 25,717 9,271
Taxation and social security 30,104 42,748
Other creditors 355,159 284,805
410,980 348,724

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A Class £1 1 1
1 Ordinary B Class £1 1 1
1 Ordinary C Class £1 1 1
3 3

9. RELATED PARTY DISCLOSURES

At the balance sheet date Innovorsa Limited was owed £215,432 (2022: £211,953) from companies that are owned and controlled by the directors family members. This balance is disclosed within other debtors due in less than one year.

At the balance sheet date Innovorsa Limited owed £145,006 (2022: £75,000) to companies that are owned and controlled by the directors family members. This balance is disclosed within creditors due in less than one year.

At the balance sheet date the director was owed £205,648 (2022: £208,234). The amount is repayable on demand, bears no interest and is disclosed within other creditors.