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Company Registration No. 10023549 (England and Wales)
INGENIOUS FINANCIAL SOLUTIONS LTD Unaudited accounts for the year ended 29 February 2024
INGENIOUS FINANCIAL SOLUTIONS LTD Unaudited accounts Contents
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INGENIOUS FINANCIAL SOLUTIONS LTD Company Information for the year ended 29 February 2024
Directors
Jateen Vagani Rizwan Ismail Sharad Champaneria
Company Number
10023549 (England and Wales)
Registered Office
Suite 3 The Crescent 56 King Street Leicester LE1 6RX United Kingdom
Accountants
CJK Accountants 4 Marsh Drive Husbands Bosworth Lutterworth Leicestershire LE17 6PU
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INGENIOUS FINANCIAL SOLUTIONS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
417 
556 
Current assets
Debtors
66,549 
32,444 
Cash at bank and in hand
118,776 
85,363 
185,325 
117,807 
Creditors: amounts falling due within one year
(119,033)
(71,261)
Net current assets
66,292 
46,546 
Total assets less current liabilities
66,709 
47,102 
Creditors: amounts falling due after more than one year
(34,970)
(24,470)
Net assets
31,739 
22,632 
Capital and reserves
Called up share capital
30 
30 
Profit and loss account
31,709 
22,602 
Shareholders' funds
31,739 
22,632 
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Jateen Vagani Director Company Registration No. 10023549
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INGENIOUS FINANCIAL SOLUTIONS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
INGENIOUS FINANCIAL SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10023549. The registered office is Suite 3 The Crescent, 56 King Street, Leicester, LE1 6RX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
916 
2,154 
3,070 
At 29 February 2024
916 
2,154 
3,070 
Depreciation
At 1 March 2023
729 
1,785 
2,514 
Charge for the year
47 
92 
139 
At 29 February 2024
776 
1,877 
2,653 
Net book value
At 29 February 2024
140 
277 
417 
At 28 February 2023
187 
369 
556 
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INGENIOUS FINANCIAL SOLUTIONS LTD Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,900 
30,795 
Other debtors
1,649 
1,649 
66,549 
32,444 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
(346)
(414)
Taxes and social security
2,831 
1,137 
Other creditors
1,083 
73 
Accruals
115,465 
70,465 
119,033 
71,261 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Loans from directors
34,970 
24,470 
8
Average number of employees
During the year the average number of employees was 5 (2023: 4).
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