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Registered number: 14086664
Innovation Glass Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
More Group (Accounting) Limited
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3
Page 1
Company Information
Director Mr Frank Safford Iv
Company Number 14086664
Registered Office 1 Giltspur Street
Farringdon
London
EC1A 9DD
Accountants More Group (Accounting) Limited
65 Compton Street
London
EC1V 0BN
Page 1
Page 2
Balance Sheet
Registered number: 14086664
31 May 2024 31 May 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 7,143 3,601
7,143 3,601
Creditors: Amounts Falling Due Within One Year 5 (171,342 ) (67,114 )
NET CURRENT ASSETS (LIABILITIES) (164,199 ) (63,513 )
TOTAL ASSETS LESS CURRENT LIABILITIES (164,199 ) (63,513 )
NET LIABILITIES (164,199 ) (63,513 )
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account (164,299 ) (63,613 )
SHAREHOLDERS' FUNDS (164,199) (63,513)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Frank Safford Iv
Director
19/02/2025
The notes on page 3 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Innovation Glass Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14086664 . The registered office is 1 Giltspur Street, Farringdon, London, EC1A 9DD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
These accounts has been prepared on going concern basis on the understanding that the directors will continues to financially support the company during this uncertain period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 1)
2 1
4. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Prepayments and accrued income 1,386 -
Net wages - 1,162
Called up share capital not paid 100 100
Amounts owed by group undertakings 5,657 2,339
7,143 3,601
5. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 2,286 -
Other taxes and social security 1,403 3,439
Net wages 2,725 -
Director's loan account 164,928 63,675
171,342 67,114
6. Share Capital
31 May 2024 31 May 2023
Allotted, called up but not fully paid £ £
100 Ordinary Shares of £ 1.000 each 100 100
7. Related Party Transactions
As at the balance sheet date, The company owed £5,657.11 (2023: £2,339.20) to Innovation glass LLC. which is a company under common director control and is registered at 40 Langridge road, Tivoli, New York, 12583, United states towards interest- free working capital loan which is repayable on demand.
Page 3