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REGISTERED NUMBER: 02671903 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2024

FOR

EFFECTIVE INNOVATIONS LIMITED

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 15,663 21,218

CURRENT ASSETS
Stocks 6 - 18,675
Debtors 7 44,090 335,618
Cash at bank and in hand 71,233 104,702
115,323 458,995
CREDITORS
Amounts falling due within one year 8 87,290 233,494
NET CURRENT ASSETS 28,033 225,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

43,696

246,719

CREDITORS
Amounts falling due after more than
one year

9

-

(87,389

)

PROVISIONS FOR LIABILITIES 12 (1,006 ) (2,209 )
NET ASSETS 42,690 157,121

CAPITAL AND RESERVES
Called up share capital 13 10 10
Capital redemption reserve 20,000 20,000
Retained earnings 22,680 137,111
SHAREHOLDERS' FUNDS 42,690 157,121

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 8 May 2025 and were signed on its behalf by:




Mr N A McKee - Director



Mrs V A Mercer - Director


EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Effective Innovations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02671903

Registered office: 1 Harvington Business Park
Brampton Road
Eastbourne
East Sussex
BN22 9BN

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the provisions of Section 1A "Small Entities", not to disclose related party transactions with parent company Windover Holdings Limited, of which the company is a wholly owned subsidiary.

Turnover
Turnover is recognised based on the stage of completion of contracts. This is measured at the fair value of the consideration receivable, excluding discounts, rebates and VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 50% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and conditions.

At each reporting date, an assessment is made for the impairment due to obsolescence or slow movement. Any excess of the carrying amount of stocks over its estimates selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred 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 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Operating Leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 24 ) .

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 33,174 1,850 38,864 73,888
DEPRECIATION
At 1 January 2024 33,174 407 19,089 52,670
Charge for year - 611 4,944 5,555
At 31 December 2024 33,174 1,018 24,033 58,225
NET BOOK VALUE
At 31 December 2024 - 832 14,831 15,663
At 31 December 2023 - 1,443 19,775 21,218

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024
and 31 December 2024 38,864
DEPRECIATION
At 1 January 2024 19,089
Charge for year 4,944
At 31 December 2024 24,033
NET BOOK VALUE
At 31 December 2024 14,831
At 31 December 2023 19,775

6. STOCKS
2024 2023
£    £   
Stocks - 18,675

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,832 23,890
Amounts owed by group undertakings 2,701 640
Amounts receivable on contracts - 69,499
Other debtors 10,635 233,619
Tax 19,242 -
Prepayments and accrued income 3,680 7,970
44,090 335,618

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,500 55,000
Hire purchase contracts (see note 10) 4,889 8,277
Trade creditors - 24,014
Corporation tax - 32,103
PAYE and social security - 13,854
VAT 2,844 44,589
Other creditors - 10,524
Directors' current accounts 25,827 25,828
Accruals and deferred income 1,230 19,305
87,290 233,494

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 55,000
Bank loans - 2-5 years - 27,500
Hire purchase contracts (see note 10) - 4,889
- 87,389

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 4,889 8,277
Between one and five years - 4,889
4,889 13,166

Non-cancellable operating leases
2024 2023
£    £   
Within one year - 53,180
Between one and five years - 53,180
- 106,360

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 4,889 13,166

The hire purchase agreements are secured against assets acquired under such agreements.

12. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,006 2,209

EFFECTIVE INNOVATIONS LIMITED (REGISTERED NUMBER: 02671903)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


12. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2024 2,209
Provided during year (1,203 )
Balance at 31 December 2024 1,006

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary £1 10 10