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REGISTERED NUMBER: 04278422 (England and Wales)















INNERVATE LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INNERVATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Dr N Bindemann
Mr G F Stephens





REGISTERED OFFICE: 117 Waterloo Road
London
SE1 8UL





REGISTERED NUMBER: 04278422 (England and Wales)





ACCOUNTANTS: P G ASSOCIATES
Accountants
1 Brookmans Avenue
Brookmans Park
Hatfield
Hertfordshire
AL9 7QH

INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,257 1,676

CURRENT ASSETS
Inventories 5 1,250 1,450
Debtors 6 9,292 12,414
Cash at bank and in hand 6,996 5,590
17,538 19,454
CREDITORS
Amounts falling due within one year 7 7,552 8,092
NET CURRENT ASSETS 9,986 11,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,243

13,038

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 11,143 12,938
SHAREHOLDERS' FUNDS 11,243 13,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


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 Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





Dr N Bindemann - Director


INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

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


1. STATUTORY INFORMATION

Innervate 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.

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
Revenue 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.
Fixtures and fittings - 25% on reducing balance

Stocks
Inventories 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

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


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 21,826
DEPRECIATION
At 1 January 2023 20,150
Charge for year 419
At 31 December 2023 20,569
NET BOOK VALUE
At 31 December 2023 1,257
At 31 December 2022 1,676

5. INVENTORIES
31.12.23 31.12.22
£    £   
Stocks 1,250 1,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 5,672 8,794
Other debtors 3,620 3,620
9,292 12,414

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors (1 ) -
Social security and other taxes 45 287
VAT 1,665 515
Other creditors 113 113
Directors' current accounts 2,017 3,490
Accrued expenses 3,713 3,687
7,552 8,092

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed £2,017 to the director (2022 - £3,490). This amount is repayable on demand and is included in Creditors due within one year.

INNERVATE LIMITED (REGISTERED NUMBER: 04278422)

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


9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr N Bindemann.