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INNATEQ LIMITED

Registered Number
05521130
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

INNATEQ LIMITED
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

MORGAN, Kevin Graham
TOGHILL, Laura Jane

Company Secretary

TOGHILL, Laura Jane

Registered Address

80 Shackleton Avenue
Yate
Bristol
BS37 4NW

Registered Number

05521130 (England and Wales)
INNATEQ LIMITED
Statement of Financial Position
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets343,61056,958
43,61056,958
Current assets
Stocks4210,869203,544
Debtors62,187163,545
Cash at bank and on hand320,300333,689
593,356700,778
Creditors amounts falling due within one year5(36,210)(91,491)
Net current assets (liabilities)557,146609,287
Total assets less current liabilities600,756666,245
Net assets600,756666,245
Capital and reserves
Called up share capital100100
Profit and loss account600,656666,145
Shareholders' funds600,756666,245
The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2024, and are signed on its behalf by:
MORGAN, Kevin Graham
Director
TOGHILL, Laura Jane
Director

Registered Company No. 05521130
INNATEQ LIMITED
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Land and buildings10
Plant and machinery25
Fixtures and fittings25
Vehicles25
Office Equipment25
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

££££££
Cost or valuation
At 01 August 2315,14513,64377,6321,04225,755133,217
Additions----1,0991,099
At 31 July 2415,14513,64377,6321,04226,854134,316
Depreciation and impairment
At 01 August 2314,9526,38732,38021822,32276,259
Charge for year641,81411,3132061,05014,447
At 31 July 2415,0168,20143,69342423,37290,706
Net book value
At 31 July 241295,44233,9396183,48243,610
At 31 July 231937,25645,2528243,43356,958
4.Stocks

2024

2023

££
Finished goods210,869203,544
Total210,869203,544
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables6,3341,248
Taxation and social security28,59788,908
Other creditors-25
Accrued liabilities and deferred income1,2791,310
Total36,21091,491
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.