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Company Registration No. 15076600 (England and Wales)
Innovation Prime Ltd Unaudited accounts for the period from 16 August 2023 to 31 August 2024
Innovation Prime Ltd Unaudited accounts Contents
Page
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Innovation Prime Ltd Company Information for the period from 16 August 2023 to 31 August 2024
Director
Mr V Marsukar
Company Number
15076600 (England and Wales)
Registered Office
11 Coledale Drive Stanmore HA7 2QD England
Accountants
Noakin Associates Limited 86 Orchid Close Luton Bedfordshire LU3 3EX
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Innovation Prime Ltd Statement of financial position as at 31 August 2024
2024 
Notes
£ 
Current assets
Debtors
45,916 
Cash at bank and in hand
129,270 
175,186 
Creditors: amounts falling due within one year
(140,233)
Net current assets
34,953 
Net assets
34,953 
Capital and reserves
Called up share capital
100 
Profit and loss account
34,853 
Shareholders' funds
34,953 
For the period ending 31 August 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 15 May 2025 and were signed on its behalf by
Mr V Marsukar Director Company Registration No. 15076600
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Innovation Prime Ltd Notes to the Accounts for the period from 16 August 2023 to 31 August 2024
1
Statutory information
Innovation Prime Ltd is a private company, limited by shares, registered in England and Wales, registration number 15076600. The registered office is 11 Coledale Drive, Stanmore, HA7 2QD, 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 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.
4
Debtors
2024 
£ 
Amounts falling due within one year
VAT
20,383 
Trade debtors
1,080 
Other debtors
24,453 
45,916 
5
Creditors: amounts falling due within one year
2024 
£ 
Trade creditors
127,146 
Taxes and social security
8,187 
Loans from directors
4,900 
140,233 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
7
Average number of employees
During the period the average number of employees was 1.
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