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REGISTERED NUMBER: 06147242 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Innivo Limited

Innivo Limited (Registered number: 06147242)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Innivo Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: B H Durman





REGISTERED OFFICE: Stuart House
The Back
Chepstow
Monmouthshire
NP16 5HH





REGISTERED NUMBER: 06147242 (England and Wales)





ACCOUNTANTS: Chepstow Accountancy Services Limited

Innivo Limited (Registered number: 06147242)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,145 2,133
3,145 2,133

CURRENT ASSETS
Debtors 6 3,984 5,115
Cash at bank 15,831 41,574
19,815 46,689
CREDITORS
Amounts falling due within one year 7 9,885 18,937
NET CURRENT ASSETS 9,930 27,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,075

29,885

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 12,075 28,885
SHAREHOLDERS' FUNDS 13,075 29,885

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 22 August 2024 and were signed by:





B H Durman - Director


Innivo Limited (Registered number: 06147242)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Innivo 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 70,000
AMORTISATION
At 1 April 2023
and 31 March 2024 70,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Innivo Limited (Registered number: 06147242)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 7,887
Additions 2,456
At 31 March 2024 10,343
DEPRECIATION
At 1 April 2023 5,754
Charge for year 1,444
At 31 March 2024 7,198
NET BOOK VALUE
At 31 March 2024 3,145
At 31 March 2023 2,133

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 3,557 4,331
Other debtors 427 784
3,984 5,115

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 569 1,197
Taxation and social security 4,262 16,119
Other creditors 5,054 1,621
9,885 18,937

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
B H Durman
Balance outstanding at start of year (746 ) (3,296 )
Amounts advanced - 3,500
Amounts repaid (933 ) (950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,679 ) (746 )