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Registration number: 12566970

Innovaze Ltd

trading as Dog Training College

Annual Report and Unaudited Abridged Financial Statements

for the Period from 30 April 2023 to 28 April 2024

 

Innovaze Ltd

trading as Dog Training College

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Abridged Profit and Loss Account

4

Statement of Comprehensive Income

5

Abridged Balance Sheet

6 to 7

Statement of Changes in Equity

8

Notes to the Unaudited Abridged Financial Statements

9 to 15

 

Innovaze Ltd

trading as Dog Training College

Company Information

Directors

Mrs Leanne Mcwade

Mr Ben Nichols

Registered office

Unit 5
Home Farm Business Park
Norwich
NR10 5PQ

Accountants

Krystal Clear Accounting
Ground Floor
Westgate House
Hale Road
Hale
Cheshire
WA15 9HR

 

Innovaze Ltd

trading as Dog Training College

Directors' Report for the Period from 30 April 2023 to 28 April 2024

The directors present their report and the abridged financial statements for the period from 30 April 2023 to 28 April 2024.

Directors of the company

The directors who held office during the period were as follows:

Mrs Leanne Mcwade

Mr Ben Nichols

Principal activity

The principal activity of the company is Dog Training Courses

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

.........................................
Mrs Leanne Mcwade
Director

.........................................
Mr Ben Nichols
Director

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Innovaze Ltd

trading as Dog Training College
for the Period Ended 28 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Innovaze Ltd for the period ended 28 April 2024 as set out on pages 4 to 15 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Innovaze Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Innovaze Ltd and state those matters that we have agreed to state to the Board of Directors of Innovaze Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innovaze Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Innovaze Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Innovaze Ltd. You consider that Innovaze Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Innovaze Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Krystal Clear Accounting
Ground Floor
Westgate House
Hale Road
Hale
Cheshire
WA15 9HR

7 March 2025

 

Innovaze Ltd

trading as Dog Training College

Abridged Profit and Loss Account for the Period from 30 April 2023 to 28 April 2024

Note

2024
£

2023
£

Gross profit

 

1,294,818

924,787

Administrative expenses

 

(1,425,826)

(662,885)

Interest payable and similar expenses

 

(55,829)

(18,363)

(Loss)/profit before tax

4

(186,837)

243,539

Tax on (loss)/profit

 

5,205

(47,754)

(Loss)/profit for the financial period

 

(181,632)

195,785

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

Innovaze Ltd

trading as Dog Training College

Statement of Comprehensive Income for the Period from 30 April 2023 to 28 April 2024

2024
£

2023
£

(Loss)/profit for the period

(181,632)

195,785

Total comprehensive income for the period

(181,632)

195,785

 

Innovaze Ltd

trading as Dog Training College

(Registration number: 12566970)
Abridged Balance Sheet as at 28 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

25,611

12,531

Current assets

 

Debtors

6

313,928

102,830

Cash at bank and in hand

 

11,939

12,847

 

325,867

115,677

Prepayments and accrued income

 

172,714

191,193

Creditors: Amounts falling due within one year

(611,967)

(281,560)

Net current (liabilities)/assets

 

(113,386)

25,310

Total assets less current liabilities

 

(87,775)

37,841

Creditors: Amounts falling due after more than one year

-

(11,467)

Provisions for liabilities

(67,483)

-

Net (liabilities)/assets

 

(155,258)

26,374

Capital and reserves

 

Called up share capital

7

10

10

Retained earnings

(155,268)

26,364

Shareholders' (deficit)/funds

 

(155,258)

26,374

For the financial period ending 28 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 7 March 2025 and signed on its behalf by:
 

 

Innovaze Ltd

trading as Dog Training College

(Registration number: 12566970)
Abridged Balance Sheet as at 28 April 2024

.........................................
Mrs Leanne Mcwade
Director

.........................................
Mr Ben Nichols
Director

 

Innovaze Ltd

trading as Dog Training College

Statement of Changes in Equity for the Period from 30 April 2023 to 28 April 2024

Share capital
£

Retained earnings
£

Total
£

At 30 April 2023

10

26,364

26,374

Loss for the period

-

(181,632)

(181,632)

At 28 April 2024

10

(155,268)

(155,258)

Share capital
£

Retained earnings
£

Total
£

At 30 April 2022

10

(165,421)

(165,411)

Profit for the period

-

195,785

195,785

Dividends

-

(4,000)

(4,000)

At 29 April 2023

10

26,364

26,374

 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Unit 5
Home Farm Business Park
Norwich
NR10 5PQ
United Kingdom

These financial statements were authorised for issue by the Board on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

25% Straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 6 (2023 - 8).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

13,965

7,204

 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 30 April 2023

28,815

28,815

Additions

27,045

27,045

At 28 April 2024

55,860

55,860

Depreciation

At 30 April 2023

16,284

16,284

Charge for the period

13,965

13,965

At 28 April 2024

30,249

30,249

Carrying amount

At 28 April 2024

25,611

25,611

At 29 April 2023

12,531

12,531

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

10

10

10

10

       

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £Nil (2023 - £400.00) per each Ordinary

-

4,000

 

 
 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

9

Related party transactions

 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

Transactions with directors

2024

At 30 April 2023
£

Advances to director
£

At 28 April 2024
£

Mr Ben Nichols

Loan

34,794

72,658

107,452

Mrs Leanne Mcwade

Loan

18,326

23,220

41,546

2023

At 30 April 2022
£

Advances to director
£

At 29 April 2023
£

Mr Ben Nichols

Loan

-

34,794

34,794

Mrs Leanne Mcwade

Loan

10,584

7,742

18,326

 

Innovaze Ltd

trading as Dog Training College

Notes to the Unaudited Abridged Financial Statements for the Period from 30 April 2023 to 28 April 2024

Directors' remuneration

The directors' remuneration for the period was as follows:

2024
£

2023
£

Remuneration

179,993

141,393