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REGISTERED NUMBER: 02492659 (England and Wales)



















INNOVATIONS INTERIORS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






INNOVATIONS INTERIORS LIMITED (REGISTERED NUMBER: 02492659)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


INNOVATIONS INTERIORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr S Hartman
Mrs D Hartman





SECRETARY: Mr S Hartman





REGISTERED OFFICE: First Floor
94 Stamford Hill
London
N16 6XS





REGISTERED NUMBER: 02492659 (England and Wales)





ACCOUNTANTS: Sugarwhite Meyer Accountants Ltd
First Floor
94 Stamford Hill
London
N16 6XS

INNOVATIONS INTERIORS LIMITED (REGISTERED NUMBER: 02492659)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,956 13,275

CURRENT ASSETS
Stocks 6 71,100 71,200
Debtors 7 17,608 30,207
Cash at bank 6,675 2,767
95,383 104,174
CREDITORS
Amounts falling due within one year 8 54,054 73,523
NET CURRENT ASSETS 41,329 30,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,285

43,926

CREDITORS
Amounts falling due after more than one
year

9

(19,470

)

(23,301

)

PROVISIONS FOR LIABILITIES 10 (1,892 ) (2,522 )
NET ASSETS 29,923 18,103

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 29,921 18,101
SHAREHOLDERS' FUNDS 29,923 18,103

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

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

The directors acknowledge their 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.

INNOVATIONS INTERIORS LIMITED (REGISTERED NUMBER: 02492659)

BALANCE SHEET - continued
30 APRIL 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:





Mr S Hartman - Director


INNOVATIONS INTERIORS LIMITED (REGISTERED NUMBER: 02492659)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Innovations Interiors Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Current 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

INNOVATIONS INTERIORS LIMITED (REGISTERED NUMBER: 02492659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 May 2023
and 30 April 2024 17,700
DEPRECIATION
At 1 May 2023 4,425
Charge for year 3,319
At 30 April 2024 7,744
NET BOOK VALUE
At 30 April 2024 9,956
At 30 April 2023 13,275

6. STOCKS
2024 2023
£    £   
Stocks & WIP 71,100 71,200

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,722 24,321
Other debtors 10,886 5,886
17,608 30,207

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,830 3,830
Trade creditors 38,465 26,844
Taxation and social security 5,588 3,259
Other creditors 6,171 39,590
54,054 73,523

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 19,470 23,301

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by
instalments

4,150

7,981

INNOVATIONS INTERIORS LIMITED (REGISTERED NUMBER: 02492659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,892 2,522

Deferred
tax
£   
Balance at 1 May 2023 2,522
Credit to Profit and Loss Account during year (630 )
Balance at 30 April 2024 1,892

The provision for deferred tax is in respect of accelerated capital allowances.

11. RELATED PARTY DISCLOSURES

Other debtors represent amounts due from a related company under common control.