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REGISTERED NUMBER: 10330268 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Innovation Relief Specialists Limited

Innovation Relief Specialists Limited (Registered number: 10330268)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Innovation Relief Specialists Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss C L Roberts
Mr C M Fox
Mrs M J Dorosz
Mr J Needham





REGISTERED OFFICE: Miltary House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 10330268 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Innovation Relief Specialists Limited (Registered number: 10330268)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,227 2,674

CURRENT ASSETS
Debtors 5 36,298 106,384
Cash at bank 47,036 200,349
83,334 306,733
CREDITORS
Amounts falling due within one year 6 70,885 131,286
NET CURRENT ASSETS 12,449 175,447
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,676

178,121

PROVISIONS FOR LIABILITIES 237 508
NET ASSETS 13,439 177,613

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 13,339 177,513
SHAREHOLDERS' FUNDS 13,439 177,613

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 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.

Innovation Relief Specialists Limited (Registered number: 10330268)

Balance Sheet - continued
31 March 2024


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 10 September 2024 and were signed on its behalf by:





Miss C L Roberts - Director


Innovation Relief Specialists Limited (Registered number: 10330268)

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

1. STATUTORY INFORMATION

Innovation Relief Specialists 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Taxation
Taxation for the year 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.

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 8 (2023 - 9 ) .

Innovation Relief Specialists Limited (Registered number: 10330268)

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

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 April 2023 12,665
Additions 617
At 31 March 2024 13,282
DEPRECIATION
At 1 April 2023 9,991
Charge for year 2,064
At 31 March 2024 12,055
NET BOOK VALUE
At 31 March 2024 1,227
At 31 March 2023 2,674

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 36,138 106,224
Other debtors 160 160
36,298 106,384

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 201 -
Taxation and social security 10,439 46,684
Other creditors 60,245 84,602
70,885 131,286