2024-03-012025-02-282025-02-28false12465328INNOVATION DESIGN HUB 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INNOVATION DESIGN HUB LTD

Registered Number
12465328
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

INNOVATION DESIGN HUB LTD
Company Information
for the year from 1 March 2024 to 28 February 2025

Director

CONISBEE, Paul Pio

Registered Address

4 Henry Darlot Drive
London
NW7 1SB

Registered Number

12465328 (England and Wales)
INNOVATION DESIGN HUB LTD
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets5464867
464867
Current assets
Debtors38,21164,862
Cash at bank and on hand7,9228,259
46,13373,121
Creditors amounts falling due within one year(21,800)(22,372)
Net current assets (liabilities)24,33350,749
Total assets less current liabilities24,79751,616
Creditors amounts falling due after one year(2,500)(12,500)
Net assets22,29739,116
Capital and reserves
Called up share capital11
Profit and loss account22,29639,115
Shareholders' funds22,29739,116
The financial statements were approved and authorised for issue by the Director on 23 March 2025, and are signed on its behalf by:
CONISBEE, Paul Pio
Director
Registered Company No. 12465328
INNOVATION DESIGN HUB LTD
Notes to the Financial Statements
for the year ended 28 February 2025

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 accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
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
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Depreciated over 4 Years.

Straight line (years)
Office Equipment4
2.Average number of employees

20252024
Average number of employees during the year11
3.Intangible assets
4.Revaluation of intangible assets
Intangible Fixed Assets have been revalued to the fair values obtained at the year end.

2025

2024

££
Intangible assets32,48252,098
5.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 241,611
At 28 February 251,611
Depreciation and impairment
At 01 March 24744
Charge for year403
At 28 February 251,147
Net book value
At 28 February 25464
At 29 February 24867