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Company Registration No. 12079598 (England and Wales)
2Innovative Ltd Unaudited accounts for the year ended 31 July 2024
2Innovative Ltd Unaudited accounts Contents
Page
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2Innovative Ltd Company Information for the year ended 31 July 2024
Director
Muhammad Sohail Zafar
Company Number
12079598 (England and Wales)
Registered Office
1 BUCKINGHAM PLACE BELLFIELD ROAD HIGH WYCOMBE HP13 5HW ENGLAND
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2Innovative Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,575 
- 
Investments
31,500 
- 
33,075 
- 
Current assets
Debtors
17,544 
4,046 
Cash at bank and in hand
2,027 
692 
19,571 
4,738 
Creditors: amounts falling due within one year
(46,568)
(15,532)
Net current liabilities
(26,997)
(10,794)
Total assets less current liabilities
6,078 
(10,794)
Creditors: amounts falling due after more than one year
(17,015)
- 
Net liabilities
(10,937)
(10,794)
Capital and reserves
Profit and loss account
(10,937)
(10,794)
Shareholders' funds
(10,937)
(10,794)
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2025 and were signed on its behalf by
Muhammad Sohail Zafar Director Company Registration No. 12079598
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2Innovative Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
2Innovative Ltd is a private company, limited by shares, registered in England and Wales, registration number 12079598. The registered office is 1 BUCKINGHAM PLACE, BELLFIELD ROAD, HIGH WYCOMBE, HP13 5HW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% RB
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 August 2023
- 
Additions
2,100 
At 31 July 2024
2,100 
Depreciation
Charge for the year
525 
At 31 July 2024
525 
Net book value
At 31 July 2024
1,575 
5
Investments
Other investments 
£ 
Valuation at 1 August 2023
- 
Additions
31,500 
Valuation at 31 July 2024
31,500 
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2Innovative Ltd Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
11,698 
- 
Amounts falling due after more than one year
Trade debtors
5,846 
4,046 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
501 
Taxes and social security
4,540 
- 
Other creditors
16,761 
- 
Loans from directors
24,767 
14,531 
Accruals
500 
500 
46,568 
15,532 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
17,015 
- 
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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