INNOVATION ARC LTD

Company Registration Number:
12478406 (England and Wales)

Unaudited abridged accounts for the year ended 29 February 2024

Period of accounts

Start date: 01 March 2023

End date: 29 February 2024

INNOVATION ARC LTD

Contents of the Financial Statements

for the Period Ended 29 February 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

INNOVATION ARC LTD

Company Information

for the Period Ended 29 February 2024




Director: CHRISTOPHER OCONNOR
Registered office: 18
Hudson Road
Gee Cross
Hyde
Cheshire
GBR
SK14 5EB
Company Registration Number: 12478406 (England and Wales)

INNOVATION ARC LTD

Balance sheet

As at 29 February 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 32,843 27,232
Total fixed assets: 32,843 27,232
Current assets
Stocks: 182,032 210,459
Cash at bank and in hand: 11,056 28,272
Total current assets: 193,088 238,731
Creditors: amounts falling due within one year: ( 48,932 ) ( 47,340 )
Net current assets (liabilities): 144,156 191,391
Total assets less current liabilities: 176,999 218,623
Creditors: amounts falling due after more than one year: ( 160,549 ) ( 211,843 )
Accruals and deferred income: ( 720 ) ( 650 )
Total net assets (liabilities): 15,730 6,130

The notes form part of these financial statements

INNOVATION ARC LTD

Balance sheet continued

As at 29 February 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 15,630 6,030
Shareholders funds: 15,730 6,130

For the year ending 29 February 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 20 January 2025
And Signed On Behalf Of The Board By:

Name: CHRISTOPHER OCONNOR
Status: Director

The notes form part of these financial statements

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 4 4

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

  • 3. Off balance sheet disclosure

    No

INNOVATION ARC LTD

Notes to the Financial Statements

for the Period Ended 29 February 2024

4. Tangible Assets

Total
Cost £
At 01 March 2023 38,582
Additions 12,811
Disposals -
Revaluations -
Transfers -
At 29 February 2024 51,393
Depreciation
At 01 March 2023 11,350
Charge for year 7,200
On disposals -
Other adjustments -
At 29 February 2024 18,550
Net book value
At 29 February 2024 32,843
At 28 February 2023 27,232