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REGISTERED NUMBER: NI635499 (Northern Ireland)















INNOVATED ALUMINIUM TECHNOLOGY LIMITED

Unaudited Financial Statements for the Year Ended 31 January 2025






INNOVATED ALUMINIUM TECHNOLOGY LIMITED (REGISTERED NUMBER: NI635499)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INNOVATED ALUMINIUM TECHNOLOGY LIMITED

Company Information
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr David William Mcmahon
Mr Leslie McClements
Mrs Carol McKelvey



REGISTERED OFFICE: 4 Longfield Road
Eglington
Co. Londonderry
BT47 3PY



REGISTERED NUMBER: NI635499 (Northern Ireland)



ACCOUNTANTS: CavanaghKelly
Chartered Accountants
36-38 Northland Row
Dungannon
Co. Tyrone
BT71 6AP



BANKERS: Danske Bank
Small Business
PO Box 183
Donegall Square West
Belfast
BT1 6JS

INNOVATED ALUMINIUM TECHNOLOGY LIMITED (REGISTERED NUMBER: NI635499)

Statement of Financial Position
31 JANUARY 2025

2025 2024
Notes £ £
NON-CURRENT ASSETS
Intangible assets 5 1,125 -
Property, plant and equipment 6 328,180 375,295
329,305 375,295

CURRENT ASSETS
Inventories 7 652,645 435,755
Receivables: amounts falling due within
one year

8

173,985

61,815
Cash at bank 157,406 301,271
984,036 798,841
PAYABLES
Amounts falling due within one year 9 (441,611 ) (332,342 )
NET CURRENT ASSETS 542,425 466,499
TOTAL ASSETS LESS CURRENT
LIABILITIES

871,730

841,794

PAYABLES
Amounts falling due after more than
one year

10

(175,371

)

(217,536

)
NET ASSETS 696,359 624,258

CAPITAL AND RESERVES
Called up share capital 11 66,666 66,666
Retained earnings 12 629,693 557,592
SHAREHOLDERS' FUNDS 696,359 624,258

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

INNOVATED ALUMINIUM TECHNOLOGY LIMITED (REGISTERED NUMBER: NI635499)

Statement of Financial Position - continued
31 JANUARY 2025


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 Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:




Mr Leslie McClements - Director Mrs Carol McKelvey - Director




Mr David William Mcmahon - Director


INNOVATED ALUMINIUM TECHNOLOGY LIMITED (REGISTERED NUMBER: NI635499)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Innovated Aluminium Technology Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20% reducing balance
Motor vehicles - 25% reducing balance

Inventories
Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments
Property, plant and equipment held under leasing and Hire Purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement.

INNOVATED ALUMINIUM TECHNOLOGY LIMITED (REGISTERED NUMBER: NI635499)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

3. ACCOUNTING POLICIES - continued

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.

Cash flow statement
The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand and deposits held at call with banks.

Share capital
Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new
ordinary shares are shown in equity as a deduction, net of tax, from the proceeds.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 16 ) .

5. INTANGIBLE FIXED ASSETS
Computer
software
£
COST
Additions 1,125
At 31 January 2025 1,125
NET BOOK VALUE
At 31 January 2025 1,125

6. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2024 3,800 389,145 4,194 94,905 492,044
Additions - 3,945 4,566 29,500 38,011
At 31 January 2025 3,800 393,090 8,760 124,405 530,055
DEPRECIATION
At 1 February 2024 - 75,227 2,921 38,601 116,749
Charge for year - 63,028 869 21,229 85,126
At 31 January 2025 - 138,255 3,790 59,830 201,875
NET BOOK VALUE
At 31 January 2025 3,800 254,835 4,970 64,575 328,180
At 31 January 2024 3,800 313,918 1,273 56,304 375,295

7. INVENTORIES
2025 2024
£ £
Inventories 652,645 435,755

INNOVATED ALUMINIUM TECHNOLOGY LIMITED (REGISTERED NUMBER: NI635499)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. RECEIVABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade receivables 143,218 36,345
Other receivables - 5,000
VAT 30,767 20,470
173,985 61,815

9. PAYABLES: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Hire purchase contracts 42,165 42,165
Trade payables 254,156 158,626
Amounts owed to group undertakings - 15,000
Taxation and social security 37,025 8,376
Other payables 108,265 108,175
441,611 332,342

10. PAYABLES: AMOUNTS FALLING DUE AFTER ONE YEAR
2025 2024
£ £
Hire purchase contracts 175,371 217,536

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2024
value: £ £
66,666 Share capital 1 1 66,666 66,666

12. RESERVES
Retained
earnings
£

At 1 February 2024 557,592
Profit for the year 72,101
At 31 January 2025 629,693