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Registered number: 15019951
Innovate Pet Care Ltd
Financial Statements
For the Period 21 July 2023 to 31 March 2024
Hames Partnership Limited
Chartered Institute of Management Accountants (CIMA)
Stables End Court
Main Street
Market Bosworth
Warwickshire
CV13 0JN
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 15019951
31 March 2024
Notes £ £
FIXED ASSETS
Intangible Assets 4 1,287
1,287
CURRENT ASSETS
Stocks 5 10,383
Debtors 6 1,751
Cash at bank and in hand 2,183
14,317
Creditors: Amounts Falling Due Within One Year 7 (38,728 )
NET CURRENT ASSETS (LIABILITIES) (24,411 )
TOTAL ASSETS LESS CURRENT LIABILITIES (23,124 )
NET LIABILITIES (23,124 )
CAPITAL AND RESERVES
Called up share capital 8 100
Profit and Loss Account (23,224 )
SHAREHOLDERS' FUNDS (23,124)
Page 1
Page 2
For the period ending 31 March 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Ford
Director
22/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Innovate Pet Care Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15019951 . The registered office is 71-75 Shelton Street, Covent Garden , London, WC2H 9JQ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Intangible Assets
Intellectual Property
£
Cost
As at 21 July 2023 -
Additions 1,430
As at 31 March 2024 1,430
Amortisation
As at 21 July 2023 -
Provided during the period 143
As at 31 March 2024 143
Net Book Value
As at 31 March 2024 1,287
As at 21 July 2023 -
5. Stocks
31 March 2024
£
Stock 10,383
Page 3
Page 4
6. Debtors
31 March 2024
£
Due within one year
Other debtors 1,751
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Other creditors 38,728
8. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
Page 4