Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31true2023-01-01falseRoofing11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12075889 2022-12-31 12075889 2023-01-01 2023-12-31 12075889 2022-07-01 2023-06-30 12075889 2023-12-31 12075889 2023-06-30 12075889 c:Director1 2023-01-01 2023-12-31 12075889 d:PlantMachinery 2023-01-01 2023-12-31 12075889 d:PlantMachinery 2023-12-31 12075889 d:PlantMachinery 2023-06-30 12075889 d:CurrentFinancialInstruments 2023-12-31 12075889 d:CurrentFinancialInstruments 2023-06-30 12075889 d:Non-currentFinancialInstruments 2023-12-31 12075889 d:Non-currentFinancialInstruments 2023-06-30 12075889 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12075889 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 12075889 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 12075889 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 12075889 d:ShareCapital 2023-12-31 12075889 d:ShareCapital 2023-06-30 12075889 d:RetainedEarningsAccumulatedLosses 2023-12-31 12075889 d:RetainedEarningsAccumulatedLosses 2023-06-30 12075889 c:FRS102 2023-01-01 2023-12-31 12075889 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12075889 c:FullAccounts 2023-01-01 2023-12-31 12075889 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12075889 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 12075889










INNOVATE D&B LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
INNOVATE D&B LIMITED
REGISTERED NUMBER: 12075889

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
309,376
1,375,909

Cash at bank and in hand
 6 
664,245
174,871

  
973,621
1,550,780

Creditors: amounts falling due within one year
 7 
(957,426)
(1,531,465)

Net current assets
  
 
 
16,195
 
 
19,315

Total assets less current liabilities
  
16,195
19,315

Creditors: amounts falling due after more than one year
 8 
(16,668)
(20,768)

  

Net liabilities
  
(473)
(1,453)


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
(673)
(1,653)

  
(473)
(1,453)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.

Page 1

 
INNOVATE D&B LIMITED
REGISTERED NUMBER: 12075889
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

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

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R O Hutchinson
Director

Date: 5 April 2024

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
INNOVATE D&B LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The company is a private company, limited by shares, incorporated in England and Wales and its registered office is:-
White House Farm
Sandy Lane West
Billingham
United Kingdom
TS22 5NB

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director, having made due and careful enquiry is of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
INNOVATE D&B LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
50% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
INNOVATE D&B LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 January 2023
9,590



At 31 December 2023

9,590



Depreciation


At 1 January 2023
9,590



At 31 December 2023

9,590



Net book value



At 31 December 2023
-



At 31 December 2023
-


5.


Debtors

2023
2023
£
£


Trade debtors
62,706
292,716

Other debtors
246,670
1,083,193

309,376
1,375,909



6.


Cash and cash equivalents

2023
2023
£
£

Cash at bank and in hand
664,245
174,871

664,245
174,871


Page 5

 
INNOVATE D&B LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Creditors: Amounts falling due within one year

2023
2023
£
£

Bank loans
10,000
10,000

Trade creditors
22,042
171,949

Other taxation and social security
122,063
80,947

Other creditors
801,746
1,268,569

Accruals and deferred income
1,575
-

957,426
1,531,465



8.


Creditors: Amounts falling due after more than one year

2023
2023
£
£

Bank loans
16,668
20,768

16,668
20,768


 
Page 6