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INNOVATION ROBOTICS LTD

Registered Number
12356724
(England and Wales)

Unaudited Financial Statements for the Year ended
30 September 2024

INNOVATION ROBOTICS LTD
Company Information
for the year from 1 October 2023 to 30 September 2024

Director

AKMAZ, Inan

Registered Address

63-66 Hatton Garden Fifth Floor
Suite 23
London
EC1N 8LE

Registered Number

12356724 (England and Wales)
INNOVATION ROBOTICS LTD
Balance Sheet as at
30 September 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,2451,298
2,2451,298
Current assets
Debtors3,16159
Cash at bank and on hand31,84527,783
35,00627,842
Creditors amounts falling due within one year4(21,558)(17,145)
Net current assets (liabilities)13,44810,697
Total assets less current liabilities15,69311,995
Creditors amounts falling due after one year-(2,087)
Net assets15,6939,908
Capital and reserves
Called up share capital100100
Other reserves500500
Profit and loss account15,0939,308
Shareholders' funds15,6939,908
The financial statements were approved and authorised for issue by the Director on 10 October 2024, and are signed on its behalf by:
AKMAZ, Inan
Director
Registered Company No. 12356724
INNOVATION ROBOTICS LTD
Notes to the Financial Statements
for the year ended 30 September 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 October 231,315
Additions1,338
At 30 September 242,653
Depreciation and impairment
At 01 October 2317
Charge for year408
On disposals(17)
At 30 September 24408
Net book value
At 30 September 242,245
At 30 September 231,298
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-60
Taxation and social security20,9585,835
Other creditors60011,250
Total21,55817,145
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.