Company Registration No. 12410315 (England and Wales)
UK INNOVATIONS GROUP LTD
Unaudited accounts
for the year ended 31 January 2024
UK INNOVATIONS GROUP LTD
Unaudited accounts
Contents
UK INNOVATIONS GROUP LTD
Company Information
for the year ended 31 January 2024
Directors
Patricia MERAYO GARCES
Michael Patrick MCGINLEY
Company Number
12410315 (England and Wales)
Registered Office
Unit 9 I-Worx
Innovation Way
Bedfordshire
MK43 9SP
United Kingdom
UK INNOVATIONS GROUP LTD
Statement of financial position
as at 31 January 2024
Tangible assets
189,590
41,876
Inventories
459,646
461,128
Cash at bank and in hand
(15,985)
1,657
Creditors: amounts falling due within one year
(650,208)
(473,681)
Net current assets
226,688
107,128
Total assets less current liabilities
416,278
149,004
Creditors: amounts falling due after more than one year
(83,128)
(102,813)
Called up share capital
200
1
Profit and loss account
332,950
46,190
Shareholders' funds
333,150
46,191
For the year ending 31 January 2024 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 the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2024 and were signed on its behalf by
Michael Patrick MCGINLEY
Director
Company Registration No. 12410315
UK INNOVATIONS GROUP LTD
Notes to the Accounts
for the year ended 31 January 2024
UK INNOVATIONS GROUP LTD is a private company, limited by shares, registered in England and Wales, registration number 12410315. The registered office is Unit 9 I-Worx, Innovation Way, Bedfordshire, MK43 9SP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
10% Straight Line
Computer equipment
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2023
-
17,224
5,050
21,500
7,762
51,536
Additions
31,103
55,634
77,557
-
4,486
168,780
At 31 January 2024
31,103
72,858
82,607
21,500
12,248
220,316
At 1 February 2023
-
4,306
1,263
2,150
1,941
9,660
Charge for the year
3,110
6,855
8,135
1,935
1,031
21,066
At 31 January 2024
3,110
11,161
9,398
4,085
2,972
30,726
At 31 January 2024
27,993
61,697
73,209
17,415
9,276
189,590
At 31 January 2023
-
12,918
3,787
19,350
5,821
41,876
UK INNOVATIONS GROUP LTD
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
77,808
107,397
Amounts due from group undertakings etc.
250,395
-
Accrued income and prepayments
5,750
5,750
Other debtors
99,083
4,877
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
347,984
36,025
Trade creditors
268,054
389,353
Taxes and social security
3,750
23,342
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
65,307
-
Taxes and social security
17,821
17,821
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).