Acorah Software Products - Accounts Production 16.3.350 false true 31 December 2023 1 January 2023 false 21 May 2025 1 January 2024 31 December 2024 31 December 2024 13682244 Mr Jason Bryan Mr Dhiraj Wazir iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13682244 2023-12-31 13682244 2024-12-31 13682244 2024-01-01 2024-12-31 13682244 frs-core:CurrentFinancialInstruments 2024-12-31 13682244 frs-core:ShareCapital 2024-12-31 13682244 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13682244 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13682244 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13682244 frs-bus:SmallEntities 2024-01-01 2024-12-31 13682244 frs-bus:Audited 2024-01-01 2024-12-31 13682244 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13682244 frs-bus:Director1 2024-01-01 2024-12-31 13682244 frs-bus:Director2 2024-01-01 2024-12-31 13682244 frs-countries:EnglandWales 2024-01-01 2024-12-31 13682244 2022-12-31 13682244 2023-12-31 13682244 2023-01-01 2023-12-31 13682244 frs-core:CurrentFinancialInstruments 2023-12-31 13682244 frs-core:ShareCapital 2023-12-31 13682244 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13682244
Innovative Operators Ltd
Financial Statements
For The Year Ended 31 December 2024
Naylor Accountancy Services Limited
16 Mount Pleasant Road
Tunbridge Wells
Kent
TN1 1QU
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 13682244
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 24,995 28,297
Cash at bank and in hand 242,642 222,410
267,637 250,707
Creditors: Amounts Falling Due Within One Year 5 (130,238 ) (95,380 )
NET CURRENT ASSETS (LIABILITIES) 137,399 155,327
TOTAL ASSETS LESS CURRENT LIABILITIES 137,399 155,327
NET ASSETS 137,399 155,327
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 137,299 155,227
SHAREHOLDERS' FUNDS 137,399 155,327
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Dhiraj Wazir
Director
21st May 2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Innovative Operators Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13682244 . The registered office is 228 Northwood Road, Harefield, Middlesex, London, UB9 6PT.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
Monetary amounts in these financial statements are rounded to the nearest whole £1. The financial statements are presented in sterling which is also the functional currency of the company.
2.2. Significant judgements and estimations
Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Although these estimates are based on the Directors’ best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 20,000 23,655
Prepayments and accrued income 4,995 4,642
24,995 28,297
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 4,533 4,438
VAT 2,403 1,764
Accruals and deferred income 122,402 88,278
Amounts owed to related parties 900 900
130,238 95,380
Page 2
Page 3
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Financial Instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors, are initially recognised at transaction value and subsequently measured at their settlement value.
8. Related Party Transactions
Rocco Genesis SRLTravel expenses incurred on behalf of Innovative Operators totalling £76.84

Rocco Genesis SRL

Travel expenses incurred on behalf of Innovative Operators totalling £76.84

Rocco Strategy LimitedManagement fees totalling £296,438.40 including VAT, and legal services totalling £3,149.57 including VAT

Rocco Strategy Limited

Management fees totalling £296,438.40 including VAT, and legal services totalling £3,149.57 including VAT

Roaming Consulting CompanyTravel expenses incurred on behalf of Innovative Operators totalling £4,305.48

Roaming Consulting Company

Travel expenses incurred on behalf of Innovative Operators totalling £4,305.48

9. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our accountants to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
10. Audit Information
The auditor's report on the accounts of Innovative Operators Ltd for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Laura J Drew BFP ACA FCCA ACMI fCMgr (Senior Statutory Auditor) for and on behalf of Harris Lacey and Swain , Statutory Auditor.
Harris Lacey and Swain
Chartered Accountants & Statutory Auditors
Suite 1, The Riverside Building
Hessle
East Yorkshire
HU13 0DZ
Page 3