IRIS Accounts Production v24.3.0.553 11596914 director 1.11.22 31.10.23 31.10.23 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115969142022-10-31115969142023-10-31115969142022-11-012023-10-31115969142021-10-31115969142021-11-012022-10-31115969142022-10-3111596914ns15:EnglandWales2022-11-012023-10-3111596914ns14:PoundSterling2022-11-012023-10-3111596914ns10:Director12022-11-012023-10-3111596914ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111596914ns10:SmallEntities2022-11-012023-10-3111596914ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111596914ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3111596914ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111596914ns10:FullAccounts2022-11-012023-10-3111596914ns10:RegisteredOffice2022-11-012023-10-3111596914ns5:CurrentFinancialInstruments2023-10-3111596914ns5:CurrentFinancialInstruments2022-10-3111596914ns5:Non-currentFinancialInstruments2023-10-3111596914ns5:Non-currentFinancialInstruments2022-10-3111596914ns5:ShareCapital2023-10-3111596914ns5:ShareCapital2022-10-3111596914ns5:RetainedEarningsAccumulatedLosses2023-10-3111596914ns5:RetainedEarningsAccumulatedLosses2022-10-3111596914ns5:PlantMachinery2022-10-3111596914ns5:PlantMachinery2022-11-012023-10-3111596914ns5:PlantMachinery2023-10-3111596914ns5:PlantMachinery2022-10-3111596914ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111596914ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-31115969141ns10:Director12022-10-31115969141ns10:Director12021-10-31115969141ns10:Director12022-11-012023-10-31115969141ns10:Director12021-11-012022-10-31115969141ns10:Director12023-10-31115969141ns10:Director12022-10-31
REGISTERED NUMBER: 11596914 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

NINOVATION LIMITED

NINOVATION LIMITED (REGISTERED NUMBER: 11596914)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


NINOVATION LIMITED

Company Information
for the Year Ended 31st October 2023







DIRECTOR: G D Lelliott





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 11596914 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

NINOVATION LIMITED (REGISTERED NUMBER: 11596914)

Balance Sheet
31st October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,407 3,210

CURRENT ASSETS
Debtors 5 2,827 7,832
Cash at bank 1,177 105
4,004 7,937
CREDITORS
Amounts falling due within one year 6 5,400 1,749
NET CURRENT (LIABILITIES)/ASSETS (1,396 ) 6,188
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,011

9,398

CREDITORS
Amounts falling due after more than one
year

7

26,613

32,578
NET LIABILITIES (25,602 ) (23,180 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (25,603 ) (23,181 )
SHAREHOLDERS' FUNDS (25,602 ) (23,180 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

NINOVATION LIMITED (REGISTERED NUMBER: 11596914)

Balance Sheet - continued
31st October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st October 2024 and were signed by:





G D Lelliott - Director


NINOVATION LIMITED (REGISTERED NUMBER: 11596914)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Ninovation Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

At 31 October 2022 the company's liabilities exceeded its assets by £23,180. The Director has used the going concern when preparing these on the basis that he will provide financial support to the company. Furthermore, the Director will not seek payment of his loan account until funds in the bank permit.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

NINOVATION LIMITED (REGISTERED NUMBER: 11596914)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2022
and 31st October 2023 7,600
DEPRECIATION
At 1st November 2022 4,390
Charge for year 803
At 31st October 2023 5,193
NET BOOK VALUE
At 31st October 2023 2,407
At 31st October 2022 3,210

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,827 7,832

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,800 835
Trade creditors - 3,118
Taxation and social security - (2,804 )
Other creditors 600 600
5,400 1,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 26,613 32,578

NINOVATION LIMITED (REGISTERED NUMBER: 11596914)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st October 2023 and 31st October 2022:

2023 2022
£    £   
G D Lelliott
Balance outstanding at start of year (7,637 ) (3,826 )
Amounts advanced 7,340 29,419
Amounts repaid (2,330 ) (33,230 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,627 ) (7,637 )

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G D Lelliott.