Company Registration No. 12122195 (England and Wales)
Ineffable Innovations Ltd
Unaudited accounts
for the year ended 31 July 2024
Ineffable Innovations Ltd
Unaudited accounts
Contents
Ineffable Innovations Ltd
Company Information
for the year ended 31 July 2024
Directors
T Knevitt
L Hulse
Company Number
12122195 (England and Wales)
Registered Office
19 CHERRY TREE LANE
HALESOWEN
B63 1DU
ENGLAND
Accountants
Genesis Accountants
G21 Amber Court
William Armstrong Drive
Newcastle Upon Tyne
NE4 7YA
Ineffable Innovations Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
6,187
4,735
Cash at bank and in hand
4,451
6,355
Creditors: amounts falling due within one year
(2,448)
(6,296)
Net current assets
4,006
843
Called up share capital
2
2
Profit and loss account
10,191
5,576
Shareholders' funds
10,193
5,578
For the year ending 31 July 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 21 October 2024 and were signed on its behalf by
T Knevitt
Director
Company Registration No. 12122195
Ineffable Innovations Ltd
Notes to the Accounts
for the year ended 31 July 2024
Ineffable Innovations Ltd is a private company, limited by shares, registered in England and Wales, registration number 12122195. The registered office is 19 CHERRY TREE LANE, HALESOWEN, B63 1DU, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
398
1,344
6,207
7,949
At 31 July 2024
398
1,344
9,721
11,463
At 1 August 2023
50
263
2,901
3,214
Charge for the year
87
270
1,705
2,062
At 31 July 2024
137
533
4,606
5,276
At 31 July 2024
261
811
5,115
6,187
At 31 July 2023
348
1,081
3,306
4,735
Amounts falling due after more than one year
Ineffable Innovations Ltd
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,139
163
Loans from directors
469
5,293
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).