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REGISTERED NUMBER: 14469075 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 8TH NOVEMBER 2022 TO 31ST MARCH 2024

FOR

INVENTIVE SPACES LIMITED

INVENTIVE SPACES LIMITED (REGISTERED NUMBER: 14469075)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8TH NOVEMBER 2022 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INVENTIVE SPACES LIMITED

COMPANY INFORMATION
FOR THE PERIOD 8TH NOVEMBER 2022 TO 31ST MARCH 2024







DIRECTORS: C D Bell
T A Bell



REGISTERED OFFICE: 51 Halton Road
Great Sutton
Ellesmere Port
CH66 2UF



REGISTERED NUMBER: 14469075 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Lloyds Bank
Po Box 1000
Blackburn
BX1 1LT

INVENTIVE SPACES LIMITED (REGISTERED NUMBER: 14469075)

BALANCE SHEET
31ST MARCH 2024

Notes £   
CURRENT ASSETS
Stocks 22,150
Debtors 4 23,343
Cash at bank 53,934
99,427
CREDITORS
Amounts falling due within one year 5 47,880
NET CURRENT ASSETS 51,547
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,547

CAPITAL AND RESERVES
Called up share capital 6 100
Retained earnings 51,447
SHAREHOLDERS' FUNDS 51,547

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5th September 2024 and were signed on its behalf by:





C D Bell - Director


INVENTIVE SPACES LIMITED (REGISTERED NUMBER: 14469075)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8TH NOVEMBER 2022 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

Inventive Spaces 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

INVENTIVE SPACES LIMITED (REGISTERED NUMBER: 14469075)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8TH NOVEMBER 2022 TO 31ST MARCH 2024

4. DEBTORS
£   
Amounts falling due within one year:
VAT 7,552

Amounts falling due after more than one year:
Social security and other tax 15,791

Aggregate amounts 23,343

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 23,071
Directors' current accounts 20,874
Accruals and deferred income 3,935
47,880

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
50 Ordinary £1 50
50 Ordinary B £1 50
100

7. CAPITAL COMMITMENTS
£   
Contracted but not provided for in the
financial statements -

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C D Bell.

9. COMPARATIVES

As this is the first period of trading, there are no comparatives for the previous period.