Registered number
07512773
Innovation Pharma Services Ltd
Filleted Accounts
27 February 2024
Innovation Pharma Services Ltd
Registered number: 07512773
Balance Sheet
as at 27 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,020 525
Current assets
Cash at bank and in hand 4,815 14,123
Creditors: amounts falling due within one year 4 (5,515) (10,984)
Net current (liabilities)/assets (700) 3,139
Net assets 320 3,664
Capital and reserves
Called up share capital 100 100
Profit and loss account 220 3,564
Shareholder's funds 320 3,664
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Richard Gibbs
Director
Approved by the board on 18 October 2024
Innovation Pharma Services Ltd
Notes to the Accounts
for the year ended 27 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery
£
Cost
At 28 February 2023 1,977
Additions 749
At 27 February 2024 2,726
Depreciation
At 28 February 2023 1,452
Charge for the year 254
At 27 February 2024 1,706
Net book value
At 27 February 2024 1,020
At 27 February 2023 525
4 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 1,598 4,134
Other taxes and social security costs - 750
Director loan account 435 2,618
Accruals 450 450
Other creditors 3,032 3,032
5,515 10,984
5 Other information
Innovation Pharma Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Lime Tree House
Top Road
Slindon
West Sussex
BN18 0RP
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