Company Registration No. 06775387 (England and Wales)
INNOTEK SOLUTIONS LTD
Unaudited accounts
for the year ended 31 December 2023
INNOTEK SOLUTIONS LTD
Unaudited accounts
Contents
INNOTEK SOLUTIONS LTD
Company Information
for the year ended 31 December 2023
Directors
Amir Ali
Zahabiya Ali
Company Number
06775387 (England and Wales)
Registered Office
84 Barton Way
Croxley Green
Rickmansworth
WD3 3QA
Accountants
BANNER AND ASSOCIATES
BANNER HOUSE
29 BYRON ROAD
HARROW
MIDDLESEX
HA1 1JR
INNOTEK SOLUTIONS LTD
Statement of financial position
as at 31 December 2023
Tangible assets
15,468
179
Cash at bank and in hand
(508)
8,518
Creditors: amounts falling due within one year
(45,791)
(23,706)
Net current (liabilities)/assets
(7,487)
15,222
Total assets less current liabilities
7,981
15,401
Creditors: amounts falling due after more than one year
(7,250)
(10,250)
Called up share capital
100
100
Profit and loss account
631
5,051
Shareholders' funds
731
5,151
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by
Amir Ali
Director
Company Registration No. 06775387
INNOTEK SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 December 2023
INNOTEK SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 06775387. The registered office is 84 Barton Way, Croxley Green, Rickmansworth, WD3 3QA.
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.
These financial statements for the year ended 31 December 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
5,472
-
5,472
At 31 December 2023
5,472
20,445
25,917
At 1 January 2023
5,293
-
5,293
Charge for the year
45
5,111
5,156
At 31 December 2023
5,338
5,111
10,449
At 31 December 2023
134
15,334
15,468
At 31 December 2022
179
-
179
INNOTEK SOLUTIONS LTD
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
Other debtors
38,812
30,410
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,343
-
Obligations under finance leases and hire purchase contracts
12,784
-
Taxes and social security
10,521
6,144
Other creditors
4,226
3,850
Loans from directors
2,190
3,883
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).