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Registration number: 08262423

Innovaco Holdings Limited trading as Bray Building Services

Annual Report and Unaudited Financial Statements

for the Year Ended 30 September 2024

 

Innovaco Holdings Limited trading as Bray Building Services

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Innovaco Holdings Limited trading as Bray Building Services

Company Information





 

Director




 

D J Bray

Registered office





 

Bray Interiors
Unit 1 Aspley House
Silver Street
Huddersfield
HD5 9EY

Accountants

D & A Hill
18 T8 9 Brooke's Mill
Armitage Bridge
Huddersfield
HD4 7NR

 

Innovaco Holdings Limited trading as Bray Building Services

Director's Report
for the Year Ended 30 September 2024

The director presents his report and the financial statements for the year ended 30 September 2024.

Director of the company

The director who held office during the year was as follows:

D J Bray

Principal activity

The principal activity of the company is that of building services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 26 June 2025
 

.........................................
D J Bray
Director

 

Innovaco Holdings Limited trading as Bray Building Services

(Registration number: 08262423 )
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

48,699

26,848

Current assets

 

Stocks

5

124,091

101,115

Debtors

6

19,726

5,675

Cash at bank and in hand

 

75,825

64,930

 

219,642

171,720

Creditors: Amounts falling due within one year

7

(156,865)

(100,383)

Net current assets

 

62,777

71,337

Total assets less current liabilities

 

111,476

98,185

Creditors: Amounts falling due after more than one year

7

(65,473)

(32,686)

Provisions for liabilities

(9,253)

(6,520)

Net assets

 

36,750

58,979

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

36,650

58,879

Shareholders' funds

 

36,750

58,979

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

Innovaco Holdings Limited trading as Bray Building Services

(Registration number: 08262423 )
Balance Sheet as at 30 September 2024

Approved and authorised by the director on 26 June 2025
 

.........................................
D J Bray
Director

 

Innovaco Holdings Limited trading as Bray Building Services

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bray Interiors
Unit 1 Aspley House
Silver Street
Huddersfield
HD5 9EY

These financial statements were authorised for issue by the director on 26 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Innovaco Holdings Limited trading as Bray Building Services

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% on reducing balance

Office equipment

33% on reducing balance

Motor vehicles

25% on reducing balance

Plant and Machinery

25% on reducing balance

New Showroom

10% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

 

Innovaco Holdings Limited trading as Bray Building Services

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 4).

 

Innovaco Holdings Limited trading as Bray Building Services

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

4

Tangible assets

New showroom
 £

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 October 2023

-

302

5,450

1,462

Additions

33,277

-

-

-

Disposals

-

-

-

-

At 30 September 2024

33,277

302

5,450

1,462

Depreciation

At 1 October 2023

-

241

3,476

1,056

Charge for the year

3,328

12

494

134

Eliminated on disposal

-

-

-

-

At 30 September 2024

3,328

253

3,970

1,190

Carrying amount

At 30 September 2024

29,949

49

1,480

272

At 30 September 2023

-

61

1,974

406

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2023

64,797

72,011

Additions

-

33,277

Disposals

(2,412)

(2,412)

At 30 September 2024

62,385

102,876

Depreciation

At 1 October 2023

40,390

45,163

Charge for the year

5,649

9,617

Eliminated on disposal

(603)

(603)

At 30 September 2024

45,436

54,177

Carrying amount

At 30 September 2024

16,949

48,699

At 30 September 2023

24,407

26,848

 

Innovaco Holdings Limited trading as Bray Building Services

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

5

Stocks

2024
£

2023
£

Work in progress

124,091

101,115

6

Debtors

Current

2024
£

2023
£

Trade debtors

14,079

4,351

Other debtors

5,647

1,324

 

19,726

5,675

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

18,922

5,334

Trade creditors

 

63,075

72,010

Taxation and social security

 

23,477

6,557

Accruals and deferred income

 

1,800

1,800

Other creditors

 

49,591

14,682

 

156,865

100,383

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         
 

Innovaco Holdings Limited trading as Bray Building Services

Notes to the Unaudited Financial Statements
for the Year Ended 30 September 2024

9

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

26,462

32,686

Other borrowings

39,011

-

65,473

32,686

2024
£

2023
£

Current loans and borrowings

Bank borrowings

6,224

5,334

Other borrowings

12,698

-

18,922

5,334