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Registered Number: 11326174
England and Wales

 

 

 

INNOVITECH LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Director Mr Stefanos Dervitsiotis
Registered Number 11326174
Registered Office First Floor, Hagley Court
40 Vicarage Road
Birmingham
West Midlands
B15 3EZ
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road Edgbaston
Birmingham
B153EZ
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,558    2,444 
1,558    2,444 
Current assets      
Stocks 4   875 
Debtors 5 62   
Cash at bank and in hand 4,275    12,590 
4,337    13,465 
Creditors: amount falling due within one year 6 (4,889)   (14,546)
Net current assets (552)   (1,081)
 
Total assets less current liabilities 1,006    1,363 
Net assets 1,006    1,363 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 906    1,263 
Shareholders' funds 1,006    1,363 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 26 February 2025 and were signed by:


-------------------------------
Mr Stefanos Dervitsiotis
Director
2
General Information
Innovitech Ltd is a private company, limited by shares, registered in England and Wales, registration number 11326174, registration address First Floor, Hagley Court, 40 Vicarage Road, Birmingham, West Midlands, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 20% Straight Line
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Total
  £   £
At 01 May 2023 10,859    10,859 
Additions 191    191 
Disposals  
At 30 April 2024 11,050    11,050 
Depreciation
At 01 May 2023 8,415    8,415 
Charge for year 1,077    1,077 
On disposals  
At 30 April 2024 9,492    9,492 
Net book values
Closing balance as at 30 April 2024 1,558    1,558 
Opening balance as at 01 May 2023 2,444    2,444 


4.

Stocks

2024
£
  2023
£
Stocks   875 
  875 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
VAT 62   
62   

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 2,197    1,897 
Corporation Tax 241    1,936 
Directors' Current Accounts 2,451    3,994 
VAT   6,719 
4,889    14,546 

3