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REGISTERED NUMBER: 14714061 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EKAL INNOVATE LTD

EKAL INNOVATE LTD (REGISTERED NUMBER: 14714061)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 4


EKAL INNOVATE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M J Hesketh
R B Hall
K W Richardson
Miss T J Ingram





REGISTERED OFFICE: 207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL





REGISTERED NUMBER: 14714061 (England and Wales)





ACCOUNTANTS: Walker Begley Limited
Chartered Accountants
207 Knutsford Road
Grappenhall
Warrington
Cheshire
WA4 2QL

EKAL INNOVATE LTD (REGISTERED NUMBER: 14714061)

INCOME STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Period
7/3/23
Year Ended to
30/9/24 30/9/23
Notes £    £   

TURNOVER 536,857 223,186

Administrative expenses 280,073 161,762
OPERATING PROFIT and
PROFIT BEFORE TAXATION 256,784 61,424

Tax on profit 5 64,196 14,397
PROFIT FOR THE FINANCIAL YEAR 192,588 47,027

EKAL INNOVATE LTD (REGISTERED NUMBER: 14714061)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £   
CURRENT ASSETS
Debtors 6 100,313 51,206
Cash at bank 215,140 42,936
315,453 94,142
CREDITORS
Amounts falling due within one year 7 85,738 47,015
NET CURRENT ASSETS 229,715 47,127
TOTAL ASSETS LESS CURRENT
LIABILITIES

229,715

47,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 229,615 47,027
SHAREHOLDERS' FUNDS 229,715 47,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

The financial statements were approved by the Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





M J Hesketh - Director


EKAL INNOVATE LTD (REGISTERED NUMBER: 14714061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Ekal Innovate Ltd 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.

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.

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.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. EXCEPTIONAL ITEMS
Period
7/3/23
Year Ended to
30/9/24 30/9/23
£    £   
Set up costs - (29,410 )

EKAL INNOVATE LTD (REGISTERED NUMBER: 14714061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
Period
7/3/23
Year Ended to
30/9/24 30/9/23
£    £   
Current tax:
UK corporation tax 64,196 14,397
Tax on profit 64,196 14,397

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 84,739 51,106
Amounts owed by participating interests - 50
Directors' current accounts - 50
Prepayments and accrued income 15,574 -
100,313 51,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors - 35
Amounts owed to participating interests 40 -
Tax 64,196 14,397
Social security and other taxes 7,386 9,167
Pensions payable 1,171 -
VAT 12,945 22,788
Other creditors - 627
Accrued expenses - 1
85,738 47,015

8. RESERVES
Retained
earnings
£   

At 1 October 2023 47,027
Profit for the year 192,588
Dividends (10,000 )
At 30 September 2024 229,615

EKAL INNOVATE LTD (REGISTERED NUMBER: 14714061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. ULTIMATE CONTROLLING PARTY

The company is under the joint control of Ekal Holdings Ltd and T Ingram.