07589601falseIT consultancy specialising in information system design2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07589601

Innovative Business Intelligence Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Innovative Business Intelligence Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
K P Wood
REGISTERED OFFICE
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 07589601
ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Innovative Business Intelligence Ltd

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Innovative Business Intelligence Ltd

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets3343458
CURRENT ASSETS
Cash at bank and in hand25,1449,922
25,1449,922
CREDITORS: Amounts falling due within one year420,0695,499
NET CURRENT ASSETS5,0754,423
TOTAL ASSETS LESS CURRENT LIABILITIES5,4184,881
CAPITAL AND RESERVES
Called up share capital5100100
Profit and loss account5,3184,781
SHAREHOLDERS' FUNDS5,4184,881
For the year ending 31/03/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 27/08/2024 and signed on their behalf by
.............................
K P Wood
Director

Innovative Business Intelligence Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance25%
1c. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
2. EMPLOYEES
20242023
No.No.
Average number of employees22

Innovative Business Intelligence Ltd

3. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/04/20235,1615,161
At 31/03/20245,1615,161
Depreciation
At 01/04/20234,7034,703
For the year115115
At 31/03/20244,8184,818
Net Book Amounts
At 31/03/2024343343
At 31/03/2023458458
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax12,8003,956
VAT4,84395
Directors current account62420
Credit card483265
Accruals1,3191,163
20,0695,499
5. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
6. CONTROLLING PARTY
The company was under the control of Mr K P Wood the sole director and majority shareholder throughout the current and previous year.