IRIS Accounts Production v24.1.0.578 03683925 director 1.5.23 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh036839252023-04-30036839252023-11-30036839252023-05-012023-11-30036839252022-04-30036839252022-05-012023-04-30036839252023-04-3003683925ns15:EnglandWales2023-05-012023-11-3003683925ns14:PoundSterling2023-05-012023-11-3003683925ns10:Director12023-05-012023-11-3003683925ns10:PrivateLimitedCompanyLtd2023-05-012023-11-3003683925ns10:SmallEntities2023-05-012023-11-3003683925ns10:AuditExempt-NoAccountantsReport2023-05-012023-11-3003683925ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012023-11-3003683925ns10:SmallCompaniesRegimeForAccounts2023-05-012023-11-3003683925ns10:FullAccounts2023-05-012023-11-3003683925ns10:OrdinaryShareClass12023-05-012023-11-3003683925ns10:CompanySecretary12023-05-012023-11-3003683925ns10:RegisteredOffice2023-05-012023-11-3003683925ns5:CurrentFinancialInstruments2023-11-3003683925ns5:CurrentFinancialInstruments2023-04-3003683925ns5:ShareCapital2023-11-3003683925ns5:ShareCapital2023-04-3003683925ns5:RetainedEarningsAccumulatedLosses2023-11-3003683925ns5:RetainedEarningsAccumulatedLosses2023-04-3003683925ns5:FurnitureFittings2023-05-012023-11-3003683925ns5:ComputerEquipment2023-05-012023-11-3003683925ns5:FurnitureFittings2023-04-3003683925ns5:ComputerEquipment2023-04-3003683925ns5:FurnitureFittings2023-11-3003683925ns5:ComputerEquipment2023-11-3003683925ns5:FurnitureFittings2023-04-3003683925ns5:ComputerEquipment2023-04-3003683925ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3003683925ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3003683925ns10:OrdinaryShareClass12023-11-30
REGISTERED NUMBER: 03683925 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 30 November 2023

for

Innoideas Limited

Innoideas Limited (Registered number: 03683925)






Contents of the Financial Statements
for the Period 1 May 2023 to 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Innoideas Limited

Company Information
for the Period 1 May 2023 to 30 November 2023







DIRECTOR: J S Woodward





SECRETARY: Mrs J G Woodward





REGISTERED OFFICE: 48 Huller & Cheese Warehouse
Redcliffe Backs
United Kingdom
Bristol
BS1 6WJ





REGISTERED NUMBER: 03683925 (England and Wales)





ACCOUNTANTS: Blue Sky Accounting Ltd
136 Wedmore Park
Southdown
Bath
BA2 1LA

Innoideas Limited (Registered number: 03683925)

Balance Sheet
30 November 2023

30.11.23 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,146 4,324

CURRENT ASSETS
Debtors 5 16,232 16,285
Cash at bank 41,314 576
57,546 16,861
CREDITORS
Amounts falling due within one year 6 41,565 20,980
NET CURRENT ASSETS/(LIABILITIES) 15,981 (4,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,127

205

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 21,027 105
SHAREHOLDERS' FUNDS 21,127 205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 August 2024 and were signed by:





J S Woodward - Director


Innoideas Limited (Registered number: 03683925)

Notes to the Financial Statements
for the Period 1 May 2023 to 30 November 2023

1. STATUTORY INFORMATION

Innoideas 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
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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Innoideas Limited (Registered number: 03683925)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 5,483 11,596 17,079
Additions 1,700 - 1,700
At 30 November 2023 7,183 11,596 18,779
DEPRECIATION
At 1 May 2023 4,038 8,717 12,755
Charge for period 458 420 878
At 30 November 2023 4,496 9,137 13,633
NET BOOK VALUE
At 30 November 2023 2,687 2,459 5,146
At 30 April 2023 1,445 2,879 4,324

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.4.23
£    £   
Trade debtors 14,413 10,728
Directors' loan accounts 1,819 5,557
16,232 16,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.4.23
£    £   
Tax 38,311 19,441
Social security and other taxes - 589
Other creditors 2,679 -
Accruals and deferred income 575 950
41,565 20,980

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.4.23
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £20,673 (2023 - £42,817) were paid to the director .