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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
Page
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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
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INNOTEK SOLUTIONS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
15,468 
179 
Current assets
Debtors
38,812 
30,410 
Cash at bank and in hand
(508)
8,518 
38,304 
38,928 
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)
Net assets
731 
5,151 
Capital and reserves
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
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INNOTEK SOLUTIONS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
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.
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:
Plant & machinery
25%
Motor vehicles
25%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
5,472 
- 
5,472 
Additions
- 
20,445 
20,445 
At 31 December 2023
5,472 
20,445 
25,917 
Depreciation
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 
Net book value
At 31 December 2023
134 
15,334 
15,468 
At 31 December 2022
179 
- 
179 
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INNOTEK SOLUTIONS LTD Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
- 
VAT
7,703 
9,829 
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 
Accruals
3,024 
- 
45,791 
23,706 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,250 
10,250 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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