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REGISTERED NUMBER: 03738956 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INNAVISIONS LIMITED

INNAVISIONS LIMITED (REGISTERED NUMBER: 03738956)






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


INNAVISIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M L Hutchinson
D A Hutchinson
G D McKechnie
E J A Wilson



SECRETARY: E J A Wilson



REGISTERED OFFICE: H L Hutchinson Limited
Weasenham Lane
Wisbech
Cambridgeshire
PE13 2RN



REGISTERED NUMBER: 03738956 (England and Wales)



SENIOR STATUTORY AUDITOR: Robert Booty ACA FCCA CTA



AUDITORS: Wheelers
Chartered Accountants, Tax Consultants
& Statutory Auditors
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

INNAVISIONS LIMITED (REGISTERED NUMBER: 03738956)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,945 13,904

CURRENT ASSETS
Stocks - 2,928
Debtors 5 910,412 391,589
Cash at bank 890,808 738,778
1,801,220 1,133,295
CREDITORS
Amounts falling due within one year 6 717,277 473,537
NET CURRENT ASSETS 1,083,943 659,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,099,888

673,662

PROVISIONS FOR LIABILITIES - 110
NET ASSETS 1,099,888 673,552

CAPITAL AND RESERVES
Called up share capital 130,000 130,000
Retained earnings 969,888 543,552
1,099,888 673,552

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:





E J A Wilson - Director


INNAVISIONS LIMITED (REGISTERED NUMBER: 03738956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Innavisions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared under a basis other than going concern. The company ceased to trade on 31 December 2024. The company transferred it's trade and remaining assets and liabilities to another company within the group, H L Hutchinson Limited on 1 January 2025. No adjustments arose as a result of preparing the accounts under this basis.

Turnover
Turnover represents amounts receivable for goods, royalties and commission.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the customer, normally on dispatch.

Commission is recognised as income when the amount of revenue can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity, usually on payment to the third party from whom we receive the commission.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% 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.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities.

Financial assets that 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 profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


INNAVISIONS LIMITED (REGISTERED NUMBER: 03738956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

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.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 8 ) .

INNAVISIONS LIMITED (REGISTERED NUMBER: 03738956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 26,803
Additions 8,151
Disposals (915 )
At 31 December 2024 34,039
DEPRECIATION
At 1 January 2024 12,899
Charge for year 5,271
Eliminated on disposal (76 )
At 31 December 2024 18,094
NET BOOK VALUE
At 31 December 2024 15,945
At 31 December 2023 13,904

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 855,713 331,026
Amounts owed by group undertakings 28,327 -
Other debtors 26,372 60,563
910,412 391,589

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 308,263 89,936
Amounts owed to group undertakings - 9,537
Taxation and social security 204,838 116,112
Other creditors 204,176 257,952
717,277 473,537

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year 19,400 4,375
Between one and five years 77,600 -
In more than five years 4,850 -
101,850 4,375

INNAVISIONS LIMITED (REGISTERED NUMBER: 03738956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robert Booty ACA FCCA CTA (Senior Statutory Auditor)
for and on behalf of Wheelers

9. ULTIMATE CONTROLLING PARTY

The directors consider the ultimate parent company to be Hutchinson Group Limited, a company incorporated in England and Wales. There is no overall controlling party of Hutchinson Group Limited. Copies of the group accounts can be obtained from Companies House.

Registered office and principal place of business:
Weasenham Lane
Wisbech
Cambridgeshire
PE13 2RN