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Company Registration No. 06314125 (England and Wales)
Innovata Communications Limited Unaudited accounts for the period from 1 January 2023 to 31 March 2024
Innovata Communications Limited Unaudited accounts Contents
Page
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Innovata Communications Limited Company Information for the period from 1 January 2023 to 31 March 2024
Director
Mr M.T. Jones
Company Number
06314125 (England and Wales)
Registered Office
17 Port Hill Road Benson Wallingford Oxfordshire OX10 6NF England
Accountants
Stephen Beard Accountancy Services 10 Cheshire Road Thame Oxon OX9 3LQ
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Innovata Communications Limited Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Current assets
Inventories
9,638 
11,033 
Debtors
324 
4,435 
Cash at bank and in hand
13,162 
3,799 
23,124 
19,267 
Creditors: amounts falling due within one year
(7,011)
(20,899)
Net current assets/(liabilities)
16,113 
(1,632)
Net assets/(liabilities)
16,113 
(1,632)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
16,112 
(1,633)
Shareholders' funds
16,113 
(1,632)
For the period ending 31 March 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 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 3 September 2024 and were signed on its behalf by
Mr M.T. Jones Director Company Registration No. 06314125
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Innovata Communications Limited Notes to the Accounts for the period from 1 January 2023 to 31 March 2024
1
Statutory information
Innovata Communications Limited is a private company, limited by shares, registered in England and Wales, registration number 06314125. The registered office is 17 Port Hill Road, Benson, Wallingford, Oxfordshire, OX10 6NF, 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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Innovata Communications Limited Notes to the Accounts for the period from 1 January 2023 to 31 March 2024
4
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
99 
2,604 
Deferred tax asset
1,808 
Accrued income and prepayments
- 
23 
Other debtors
225 
- 
324 
4,435 
5
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Trade creditors
- 
144 
Taxes and social security
3,758 
- 
Loans from directors
2,396 
20,023 
Accruals
857 
732 
7,011 
20,899 
6
Deferred taxation
2024 
2022 
£ 
£ 
Tax losses carried forward
- 
(1,808)
2024 
2022 
£ 
£ 
Provision at start of period
(1,808)
(2,234)
Charged to the profit and loss account
1,808 
426 
Provision at end of period
- 
(1,808)
7
Average number of employees
During the period the average number of employees was 0 (2022: 0).
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