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REGISTERED NUMBER: 03451423 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 November 2024

for

Innolas (UK) Limited

Innolas (UK) Limited (Registered number: 03451423)

Contents of the Financial Statements
For The Year Ended 30 November 2024










Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Innolas (UK) Limited

Company Information
For The Year Ended 30 November 2024







Director: I J Duckett





Registered office: 20 Butlers Leap
Rugby
Warwickshire
CV21 3RQ





Registered number: 03451423 (England and Wales)





Accountants: R Vann Ltd
Chartered Certified Accountants
Ironstone House
Ironstone Way
Brixworth
Northamptonshire
NN6 9UD

Innolas (UK) Limited (Registered number: 03451423)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
Fixed assets
Tangible assets 4 54,422 70,941

Current assets
Stocks 570,477 359,209
Debtors 5 594,598 306,622
Cash at bank 211,303 175,406
1,376,378 841,237
Creditors
Amounts falling due within one year 6 744,896 288,120
Net current assets 631,482 553,117
Total assets less current liabilities 685,904 624,058

Provisions for liabilities 7 8,629 9,699
Net assets 677,275 614,359

Innolas (UK) Limited (Registered number: 03451423)

Balance Sheet - continued
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
Capital and reserves
Called up share capital 8 90,000 90,000
Capital redemption reserve 112,806 112,806
Retained earnings 474,469 411,553
Shareholders' funds 677,275 614,359

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 11 April 2025 and were signed by:





I J Duckett - Director


Innolas (UK) Limited (Registered number: 03451423)

Notes to the Financial Statements
For The Year Ended 30 November 2024


1. Statutory information

Innolas (UK) 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. 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.
Short leasehold - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Innolas (UK) Limited (Registered number: 03451423)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


2. Accounting policies - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 8 ) .

Innolas (UK) Limited (Registered number: 03451423)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


4. Tangible fixed assets
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
Cost
At 1 December 2023 13,574 62,048 84,374 78,525 238,521
Additions - - 1,387 - 1,387
At 30 November 2024 13,574 62,048 85,761 78,525 239,908
Depreciation
At 1 December 2023 13,470 56,032 79,001 19,077 167,580
Charge for year 26 1,504 1,513 14,863 17,906
At 30 November 2024 13,496 57,536 80,514 33,940 185,486
Net book value
At 30 November 2024 78 4,512 5,247 44,585 54,422
At 30 November 2023 104 6,016 5,373 59,448 70,941

5. Debtors: amounts falling due within one year
30.11.24 30.11.23
£    £   
Trade debtors 588,416 300,439
Other debtors 6,182 6,183
594,598 306,622

6. Creditors: amounts falling due within one year
30.11.24 30.11.23
£    £   
Trade creditors 273,796 162,319
Taxation and social security 185,125 47,011
Other creditors 285,975 78,790
744,896 288,120

Innolas (UK) Limited (Registered number: 03451423)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2024


7. Provisions for liabilities
30.11.24 30.11.23
£    £   
Deferred tax 8,629 9,699

Deferred
tax
£   
Balance at 1 December 2023 9,699
Provided during year (1,070 )
Balance at 30 November 2024 8,629

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
90,000 Ordinary 1 90,000 90,000