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REGISTERED NUMBER: 09285659 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

INNOVATION EVENT LIGHTING LTD

INNOVATION EVENT LIGHTING LTD (REGISTERED NUMBER: 09285659)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INNOVATION EVENT LIGHTING LTD

COMPANY INFORMATION
for the year ended 31 October 2023







DIRECTOR: S P Barnett



REGISTERED OFFICE: Unit 13a Princes Drive
Princes Drive Industrial Estate
Coventry Road
Kenilworth
West Midlands
CV8 2FD



REGISTERED NUMBER: 09285659 (England and Wales)



BANKERS: Lloyds Bank plc
14 Church Street
Rugby
Warwickshire
CV21 3PL

INNOVATION EVENT LIGHTING LTD (REGISTERED NUMBER: 09285659)

BALANCE SHEET
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 112,007 118,426

CURRENT ASSETS
Stocks 15,000 8,000
Debtors 5 210,109 167,438
Cash at bank 132,425 122,749
357,534 298,187
CREDITORS
Amounts falling due within one year 6 303,965 211,010
NET CURRENT ASSETS 53,569 87,177
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,576

205,603

CREDITORS
Amounts falling due after more than one
year

7

111,880

110,657
NET ASSETS 53,696 94,946

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 53,596 94,846
SHAREHOLDERS' FUNDS 53,696 94,946

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

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

INNOVATION EVENT LIGHTING LTD (REGISTERED NUMBER: 09285659)

BALANCE SHEET - continued
31 October 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 September 2024 and were signed by:





S P Barnett - Director


INNOVATION EVENT LIGHTING LTD (REGISTERED NUMBER: 09285659)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2023

1. STATUTORY INFORMATION

Innovation Event Lighting Ltd 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

INNOVATION EVENT LIGHTING LTD (REGISTERED NUMBER: 09285659)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Motor
equipment vehicles Totals
£    £    £   
COST
At 1 November 2022 58,824 110,094 168,918
Additions 5,529 95,300 100,829
Disposals - (96,895 ) (96,895 )
At 31 October 2023 64,353 108,499 172,852
DEPRECIATION
At 1 November 2022 22,969 27,523 50,492
Charge for year 8,277 26,300 34,577
Eliminated on disposal - (24,224 ) (24,224 )
At 31 October 2023 31,246 29,599 60,845
NET BOOK VALUE
At 31 October 2023 33,107 78,900 112,007
At 31 October 2022 35,855 82,571 118,426

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 207,709 158,606
Amounts owed by group undertakings - 2,905
Other debtors 2,400 5,927
210,109 167,438

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,716 12,609
Trade creditors 147,536 108,381
Amounts owed to group undertakings 55,145 -
Taxation and social security 74,653 53,650
Other creditors 2,915 26,370
303,965 211,010

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 28,715 34,533
Hire purchase contracts 83,165 76,124
111,880 110,657