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REGISTERED NUMBER: 14047690 (England and Wales)










INNOVATIONS 20 LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






INNOVATIONS 20 LTD (REGISTERED NUMBER: 14047690)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNOVATIONS 20 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr C M Higgins





REGISTERED OFFICE: Beoley Manor
Icknield Street
Beoley
Redditch
Worcestershire
B98 9AL





REGISTERED NUMBER: 14047690 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

INNOVATIONS 20 LTD (REGISTERED NUMBER: 14047690)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 42,326 27,006

CURRENT ASSETS
Stocks 22,902 -
Debtors 5 143,620 91,874
Cash at bank 11,076 68,845
177,598 160,719
CREDITORS
Amounts falling due within one year 6 (136,057 ) (81,222 )
NET CURRENT ASSETS 41,541 79,497
TOTAL ASSETS LESS CURRENT
LIABILITIES

83,867

106,503

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 83,767 106,403
83,867 106,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





Mr C M Higgins - Director


INNOVATIONS 20 LTD (REGISTERED NUMBER: 14047690)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Innovations 20 Ltd 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.

Turnover
Turnover 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 1 (2023 - 3 ) .

INNOVATIONS 20 LTD (REGISTERED NUMBER: 14047690)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 May 2023 24,010 10,000 1,999 36,009
Additions 6,202 24,200 - 30,402
At 30 April 2024 30,212 34,200 1,999 66,411
DEPRECIATION
At 1 May 2023 6,003 2,500 500 9,003
Charge for year 7,242 7,340 500 15,082
At 30 April 2024 13,245 9,840 1,000 24,085
NET BOOK VALUE
At 30 April 2024 16,967 24,360 999 42,326
At 30 April 2023 18,007 7,500 1,499 27,006

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 84,000 84,000
Other debtors 59,620 7,874
143,620 91,874

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 38,281 37,841
Taxation and social security (7,073 ) 13,852
Other creditors 104,849 29,529
136,057 81,222

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £78,121 (2023: £6) owed to the director. The amount is unsecured and interest free with no set terms for repayment.