INNOVATION ARC LTD

Company Registration Number:
12478406 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

INNOVATION ARC LTD

Contents of the Financial Statements

for the Period Ended 28 February 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

INNOVATION ARC LTD

Company Information

for the Period Ended 28 February 2023




Director: CHRISTOPHER OCONNOR
Registered office: 18
Hudson Road
Gee Cross
Hyde
Cheshire
GBR
SK14 5EB
Company Registration Number: 12478406 (England and Wales)

INNOVATION ARC LTD

Balance sheet

As at 28 February 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 27,232 24,469
Total fixed assets: 27,232 24,469
Current assets
Stocks: 210,459 3,500
Cash at bank and in hand: 28,272 1,109
Total current assets: 238,731 4,609
Creditors: amounts falling due within one year: ( 47,340 ) ( 12,028 )
Net current assets (liabilities): 191,391 ( 7,419 )
Total assets less current liabilities: 218,623 17,050
Creditors: amounts falling due after more than one year: ( 211,843 ) ( 34,196 )
Accruals and deferred income: ( 650 ) ( 300 )
Total net assets (liabilities): 6,130 ( 17,446 )

The notes form part of these financial statements

INNOVATION ARC LTD

Balance sheet continued

As at 28 February 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 6,030 ( 17,546 )
Shareholders funds: 6,130 ( 17,446 )

For the year ending 28 February 2023 the company was entitled to exemption 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 the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 December 2023
And Signed On Behalf Of The Board By:

Name: CHRISTOPHER OCONNOR
Status: Director

The notes form part of these financial statements

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 4 1

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

  • 3. Off balance sheet disclosure

    No

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Tangible Assets

Total
Cost £
At 01 March 2022 29,840
Additions 8,742
Disposals -
Revaluations -
Transfers -
At 28 February 2023 38,582
Depreciation
At 01 March 2022 5,371
Charge for year 5,979
On disposals -
Other adjustments -
At 28 February 2023 11,350
Net book value
At 28 February 2023 27,232
At 28 February 2022 24,469