Company Registration No. 13004425 (England and Wales)
Innovative Techniques Ltd
Unaudited accounts
for the year ended 30 November 2023
Innovative Techniques Ltd
Unaudited accounts
Contents
Innovative Techniques Ltd
Company Information
for the year ended 30 November 2023
Company Number
13004425 (England and Wales)
Registered Office
63-66 Hatton Garden, Fifth Floor, Suite
London
EC1N 8LE
England
Innovative Techniques Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
57,555
711,491
Inventories
119,283
112,998
Cash at bank and in hand
59,929
17,463
Creditors: amounts falling due within one year
(220,296)
(155,396)
Net current assets
483,816
74,699
Net assets
541,371
786,190
Called up share capital
1
1
Profit and loss account
541,370
786,189
Shareholders' funds
541,371
786,190
For the year ending 30 November 2023 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 director acknowledges his 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 and authorised for issue on 1 December 2024 and were signed on its behalf by
David Gunar
Director
Company Registration No. 13004425
Innovative Techniques Ltd
Notes to the Accounts
for the year ended 30 November 2023
Innovative Techniques Ltd is a private company, limited by shares, registered in England and Wales, registration number 13004425. The registered office is 63-66 Hatton Garden, Fifth Floor, Suite , , London, EC1N 8LE, England.
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:
4
Tangible fixed assets
Plant & machinery
At 1 December 2022
889,363
At 30 November 2023
324,363
At 1 December 2022
177,872
Charge for the year
32,436
At 30 November 2023
266,808
At 30 November 2023
57,555
At 30 November 2022
711,491
Innovative Techniques Ltd
Notes to the Accounts
for the year ended 30 November 2023
Amounts falling due within one year
Trade debtors
364,900
99,634
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
88,934
42,016
Taxes and social security
11,924
10,889
Other creditors
34,293
24,651
Loans from directors
35,843
30,195
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).