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REGISTERED NUMBER: 09976293 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

INNOV8 FACILITIES MANAGEMENT LTD

INNOV8 FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 09976293)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INNOV8 FACILITIES MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: M Dossantos





SECRETARY:





REGISTERED OFFICE: 56 Avondale Gardens South,
Grangetown,
Cardiff
County of Cardiff
CF11 7DZ





REGISTERED NUMBER: 09976293 (England and Wales)





ACCOUNTANTS: Menter Business Advisors Limited
68 Heol Lewis
Rhiwbina
Cardiff
South Glamorgan
CF14 6QB

INNOV8 FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 09976293)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,458 22,518

CURRENT ASSETS
Stocks 698 1,298
Debtors 5 11,568 66,666
Cash at bank and in hand 124,307 139,130
136,573 207,094
CREDITORS
Amounts falling due within one year 6 74,704 116,750
NET CURRENT ASSETS 61,869 90,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,327

112,862

CREDITORS
Amounts falling due after more than one year 7 16,273 23,215
NET ASSETS 57,054 89,647

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 57,052 89,645
SHAREHOLDERS' FUNDS 57,054 89,647

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

INNOV8 FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 09976293)

BALANCE SHEET - continued
31ST JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th March 2024 and were signed by:





M Dossantos - Director


INNOV8 FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 09976293)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Innov8 Facilities Management Ltd 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 20% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

INNOV8 FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 09976293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023
and 31st January 2024 44,114 1,666 22,595 2,698 71,073
DEPRECIATION
At 1st February 2023 31,941 1,391 12,993 2,230 48,555
Charge for year 5,325 130 5,123 482 11,060
At 31st January 2024 37,266 1,521 18,116 2,712 59,615
NET BOOK VALUE
At 31st January 2024 6,848 145 4,479 (14 ) 11,458
At 31st January 2023 12,173 275 9,602 468 22,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 11,568 66,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors (9 ) (9 )
Taxation and social security 33,771 71,696
Other creditors 40,942 45,063
74,704 116,750

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 16,273 23,215

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,273 23,215

INNOV8 FACILITIES MANAGEMENT LTD (REGISTERED NUMBER: 09976293)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary Shares £1 2 2