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Registered Number: OC430524
England and Wales

 

 

 


Reports of the Members and Unaudited Financial Statements

for the period ended 27 February 2024

for

INOVO ECOMMERCE LLP

 
 

 
2024
£
  2023
£
Fixed assets
Intangible fixed assets 2 64    86 
64    86 
Current assets
Debtors 2,795    695 
Cash at bank and in hand 11    2,012 
2,806    2,707 
Creditors: amount falling due within one year (538)   (465)
Net current assets/(liabilities) 2,268    2,242 
 
Total assets less current liabilities 2,332    2,328 
Net assets/(liabilities) 2,332    2,328 
 

Represented by:
Loans and other debts due to members 2,274    18,218 
Amounts due from members   (15,981)
Members' other interest
Other reserves 58    91 
58    91 

2,332    2,328 
 

Total members' interests
Loans and other debts due to members 2,274    18,218 
Amounts due from members   (15,981)
Members' other interests 58    91 
2,332    2,328 
 
For the period ended 27 February 2024 the LLP was entitled to exemption from audit under section 477 of the Companies Act 2006 (as applied by The LLPs) relating to small LLPs.

The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions.
These accounts were approved by the members and signed on their behalf by:


----------------------------------
Jack Peter Martin
Designated Member

Date approved: 04 February 2025
1
Statutory Information
INOVO ECOMMERCE LLP is a limited liability partnership, domiciled in England and Wales, registration number OC430524, registration address 10 Butlers Way, East Grinstead, RH19 4TS, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.

Intangible fixed assets

Cost or Valuation Patents, trademarks & licenses   Total
  £   £
At 01 March 2023 170    170 
Additions  
At 27 February 2024 170    170 
Amortisation
At 01 March 2023 84    84 
Charge for period 22    22 
At 27 February 2024 106    106 
Net book values
At 27 February 2024 64    64 
At 28 February 2023 86    86 

3.

Members' Interest

Represented by: Total
£
Loans and other debts due to members 2,274 
Amounts due from members
Members' other interest
Other reserves 58 
58 
2,332 
Total members' interests
Loans and other debts due to members 2,274 
Amounts due from members
Members' other interests 58 
2,332 
4.

Average number of employees

Average number of employees during the period were 2  (2023: 2).
2