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Company Registration No. 11844319 (England and Wales)
Innotronix Ltd Unaudited accounts for the year ended 29 February 2024
Innotronix Ltd Unaudited accounts Contents
Page
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Innotronix Ltd Company Information for the year ended 29 February 2024
Director
John Jennison ANTHONYRAJAH
Company Number
11844319 (England and Wales)
Registered Office
Unit18,Heron Business Centre Henwood Industrial Estate Ashford Kent TN24 8DH United Kingdom
Accountants
SAJA Accountancy Ltd Unit A2C Redlands Coulsdon Surrey CR5 2HT
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Innotronix Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,257 
7,058 
Current assets
Inventories
71,100 
47,672 
Debtors
3,500 
1,265 
Cash at bank and in hand
411 
14,585 
75,011 
63,522 
Creditors: amounts falling due within one year
(52,073)
(41,547)
Net current assets
22,938 
21,975 
Total assets less current liabilities
28,195 
29,033 
Creditors: amounts falling due after more than one year
(10,143)
(13,174)
Net assets
18,052 
15,859 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
17,952 
15,759 
Shareholders' funds
18,052 
15,859 
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 director acknowledges his 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 and authorised for issue on 9 May 2024 and were signed on its behalf by
John Jennison ANTHONYRAJAH Director Company Registration No. 11844319
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Innotronix Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Innotronix Ltd is a private company, limited by shares, registered in England and Wales, registration number 11844319. The registered office is Unit18,Heron Business Centre, Henwood Industrial Estate, Ashford, Kent, TN24 8DH, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% Depreciation from the following of purchase of them
Computer equipment
20% Depreciation from the following of purchase of them
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
2,642 
6,366 
9,008 
At 29 February 2024
2,642 
6,366 
9,008 
Depreciation
At 1 March 2023
1,056 
894 
1,950 
Charge for the year
528 
1,273 
1,801 
At 29 February 2024
1,584 
2,167 
3,751 
Net book value
At 29 February 2024
1,058 
4,199 
5,257 
At 28 February 2023
1,586 
5,472 
7,058 
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Innotronix Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,265 
Accrued income and prepayments
3,500 
- 
3,500 
1,265 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,137 
- 
Trade creditors
42,799 
38,162 
Taxes and social security
4,642 
3,385 
Accruals
3,495 
- 
52,073 
41,547 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,143 
13,174 
8
Average number of employees
During the year the average number of employees was 4 (2023: 0).
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