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Company Registration No. 10747267 (England and Wales)
Innovent Recycling Ltd Unaudited accounts for the year ended 30 April 2024
Innovent Recycling Ltd Unaudited accounts Contents
Page
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Innovent Recycling Ltd Company Information for the year ended 30 April 2024
Directors
Ryan Higginson Jack Cartwright Alex Pothiawala
Company Number
10747267 (England and Wales)
Registered Office
Unit 4 Hooton Logistics Park Hooton Road Ellesmere Port Cheshire CH66 7NA United Kingdom
Accountants
Barnes Cooper Ltd Offices 3 & 4 The Meadows Church Road Dodleston Chester CH4 9NG
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Innovent Recycling Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
181,089 
87,925 
Current assets
Inventories
9,500 
9,500 
Debtors
12,707 
19,167 
Cash at bank and in hand
25,365 
12,583 
47,572 
41,250 
Creditors: amounts falling due within one year
(94,835)
(37,494)
Net current (liabilities)/assets
(47,263)
3,756 
Total assets less current liabilities
133,826 
91,681 
Creditors: amounts falling due after more than one year
(51,323)
(15,003)
Net assets
82,503 
76,678 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
82,403 
76,578 
Shareholders' funds
82,503 
76,678 
For the year ending 30 April 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 31 January 2024 and were signed on its behalf by
Ryan Higginson Director Company Registration No. 10747267
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Innovent Recycling Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Innovent Recycling Ltd is a private company, limited by shares, registered in England and Wales, registration number 10747267. The registered office is Unit 4, Hooton Logistics Park, Hooton Road, Ellesmere Port, Cheshire, CH66 7NA, 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.
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
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
42,400 
61,085 
37,111 
1,261 
141,857 
Additions
- 
20,928 
131,952 
646 
153,526 
At 30 April 2024
42,400 
82,013 
169,063 
1,907 
295,383 
Depreciation
At 1 May 2023
10,600 
27,090 
15,280 
962 
53,932 
Charge for the year
7,949 
13,731 
38,446 
236 
60,362 
At 30 April 2024
18,549 
40,821 
53,726 
1,198 
114,294 
Net book value
At 30 April 2024
23,851 
41,192 
115,337 
709 
181,089 
At 30 April 2023
31,800 
33,995 
21,831 
299 
87,925 
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Innovent Recycling Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,208 
15,768 
Accrued income and prepayments
1 
- 
Other debtors
498 
3,399 
12,707 
19,167 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
19,033 
14,445 
Obligations under finance leases and hire purchase contracts
47,407 
28,006 
Taxes and social security
- 
246 
Other creditors
643 
778 
Loans from directors
27,152 
(6,581)
Accruals
600 
600 
94,835 
37,494 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
51,323 
15,003 
8
Average number of employees
During the year the average number of employees was 15 (2023: 13).
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