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REGISTERED NUMBER: 10836641 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

INOVIUM LTD

INOVIUM LTD (Registered number: 10836641)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INOVIUM LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Golodniak





SECRETARY: Ms I Gerok





REGISTERED OFFICE: Office 22, The Joiners Shop
The Historic Dockyard
Chatham
Kent
ME4 4TZ





REGISTERED NUMBER: 10836641 (England and Wales)






INOVIUM LTD (Registered number: 10836641)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,590 2,650

CURRENT ASSETS
Debtors 5 4,978 27,176
Cash at bank and in hand 12,057 1,492
17,035 28,668
CREDITORS
Amounts falling due within one year 6 54,643 49,677
NET CURRENT LIABILITIES (37,608 ) (21,009 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(36,018

)

(18,359

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (36,118 ) (18,459 )
(36,018 ) (18,359 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 21 March 2025 and were signed by:





A Golodniak - Director


INOVIUM LTD (Registered number: 10836641)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

INOVIUM LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Trade and other debtors
Trade and other debtors are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest method less any impairment.

Trade and other creditors
Trade and other creditors are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs. They are subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

INOVIUM LTD (Registered number: 10836641)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 5,300
DEPRECIATION
At 1 July 2023 2,650
Charge for year 1,060
At 30 June 2024 3,710
NET BOOK VALUE
At 30 June 2024 1,590
At 30 June 2023 2,650

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors - 10,572
Other debtors 4,978 16,604
4,978 27,176

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 11,545 16,534
Trade creditors 4,589 3,703
Taxation and social security 38,509 29,440
54,643 49,677

7. RELATED PARTY DISCLOSURES

Director holds 100% of shares.

On the 30th of June 2024, the director owes £4,977.82 to the company.