| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2025 |
| for |
| Inneva Group Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2025 |
| for |
| Inneva Group Limited |
| Inneva Group Limited (Registered number: 05676112) |
| Contents of the Financial Statements |
| for the year ended 31 January 2025 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Inneva Group Limited |
| Company Information |
| for the year ended 31 January 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Cawley House |
| 149-155 Canal Street |
| Nottingham |
| Nottinghamshire |
| NG1 7HR |
| Inneva Group Limited (Registered number: 05676112) |
| Abridged Balance Sheet |
| 31 January 2025 |
| 2025 | 2024 |
| as restated |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Investments |
| Prepayments and accrued income |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| ACCRUALS AND DEFERRED INCOME |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Inneva Group Limited (Registered number: 05676112) |
| Abridged Balance Sheet - continued |
| 31 January 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Inneva Group Limited (Registered number: 05676112) |
| Notes to the Financial Statements |
| for the year ended 31 January 2025 |
| 1. | STATUTORY INFORMATION |
| Inneva Group Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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. |
| Employee benefit trust |
| The company previously established the Inneva Employee Benefit Trust (EBT). The EBT and Inneva Limited together established an Enterprise Management Incentive (EMI) Scheme. Inneva Trustees Limited, a wholly owned subsidiary of Inneva Limited, is the sole trustee of the EBT. |
| The assets and the liabilities of the EBT are ring-fenced to be applied for the benefits of employees of Inneva Limited as the trustees of Inneva Trustees Limited determines. |
| Inneva Limited previously made contributions and a loan to the EBT totalling £58,000. No contributions were made in the current year. |
| To date Inneva Trustees Limited has applied some of the EBT funds to acquire 4,666 ordinary shares in Inneva Limited from a shareholder for market value consideration. These shares were acquired in order to facilitate the operation of the EMI Scheme. |
| In previous years options over 2,200 ordinary shares in the Company were granted by Inneva Trustees Limited to three employees of Inneva Limited. |
| No options have yet been exercised. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Inneva Group Limited (Registered number: 05676112) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 February 2024 |
| and 31 January 2025 |
| AMORTISATION |
| At 1 February 2024 |
| and 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 February 2024 |
| and 31 January 2025 |
| DEPRECIATION |
| At 1 February 2024 |
| Charge for year |
| At 31 January 2025 |
| NET BOOK VALUE |
| At 31 January 2025 |
| At 31 January 2024 |
| 6. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2025 | 2024 |
| as | restated |
| £ | £ |
| Within one year |
| 7. | SECURED DEBTS |
| Svenska Handelsbanken hold a fixed and floating charge over property and assets of the company present and future. |
| Inneva Group Limited (Registered number: 05676112) |
| Notes to the Financial Statements - continued |
| for the year ended 31 January 2025 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted and issued: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | as restated |
| £ | £ |
| Ordinary o1 | £1 | 20,000 | 20,000 |
| Ordinary 'B' | 10p | 123 | 123 |
| Ordinary 'C' | 10p | 160 | 160 |
| Ordinary 'D' | 10p | 250 | 250 |
| Ordinary 'E' | 10p | 250 | 250 |
| 20,783 | 20,783 |
| 9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024: |
| 2025 | 2024 |
| as | restated |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |