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REGISTERED NUMBER: 10465821 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INNOVATIVE SOLUTIONS FOR MANUFACTURING
LIMITED

INNOVATIVE SOLUTIONS FOR MANUFACTURING
LIMITED (REGISTERED NUMBER: 10465821)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNOVATIVE SOLUTIONS FOR MANUFACTURING
LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: Dr N Simmons
Mrs J Simmons





SECRETARY:





REGISTERED OFFICE: 36a Station Road
New Milton
Hampshire
BH25 6JX





REGISTERED NUMBER: 10465821 (England and Wales)





ACCOUNTANTS: David Shores & Co Ltd
36a Station Road
New Milton
Hampshire
BH25 6JX

INNOVATIVE SOLUTIONS FOR MANUFACTURING
LIMITED (REGISTERED NUMBER: 10465821)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,140 1,356

CURRENT ASSETS
Debtors 5 4,229 558
Cash at bank 44,439 35,959
48,668 36,517
CREDITORS
Amounts falling due within one year 6 20,005 14,475
NET CURRENT ASSETS 28,663 22,042
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,803

23,398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,703 23,298
SHAREHOLDERS' FUNDS 30,803 23,398

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





Dr N Simmons - Director


INNOVATIVE SOLUTIONS FOR MANUFACTURING
LIMITED (REGISTERED NUMBER: 10465821)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Innovative Solutions for Manufacturing 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Additional notes
Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities and include trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Financial assets are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled.

Provisions

Provisions (i.e. liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INNOVATIVE SOLUTIONS FOR MANUFACTURING
LIMITED (REGISTERED NUMBER: 10465821)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 4,878
Additions 1,482
Disposals (1,949 )
At 31 December 2024 4,411
DEPRECIATION
At 1 January 2024 3,522
Charge for year 698
Eliminated on disposal (1,949 )
At 31 December 2024 2,271
NET BOOK VALUE
At 31 December 2024 2,140
At 31 December 2023 1,356

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,229 -
Other debtors - 558
4,229 558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 32 -
Taxation and social security 5,146 -
Other creditors 14,827 14,475
20,005 14,475