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REGISTERED NUMBER: 10059207 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

INNOVO ENERGY LIMITED

INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 509,176 321,898

CURRENT ASSETS
Stocks 26,722 29,628
Debtors 5 504,072 559,147
Cash at bank 936,885 927,219
1,467,679 1,515,994
CREDITORS
Amounts falling due within one year 6 1,061,466 1,096,383
NET CURRENT ASSETS 406,213 419,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

915,389

741,509

CREDITORS
Amounts falling due after more than one
year

7

(141,896

)

(95,079

)

PROVISIONS FOR LIABILITIES (127,000 ) (80,000 )
NET ASSETS 646,493 566,430

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 646,393 566,330
SHAREHOLDERS' FUNDS 646,493 566,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

BALANCE SHEET - continued
31 MARCH 2025


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 director and authorised for issue on 16 July 2025 and were signed by:





M Bridgens - Director


INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Innovo Energy Limited is a private company, limited by shares, registered in England and Wales, registered number 10059207. Its registered office is Digital House, Stourport Road, Kidderminster, Worcestershire, DY11 7QH.

The financial statements are presented in Sterling, which is the functional currency of the company.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 25% on reducing balance, 20% on reducing balance, 20% on cost and 12.5% on cost

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

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.


INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
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.

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.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such arrangements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

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.

Financial instruments
Basic financial liabilities, including trade and other debtors, bank loans and other loans 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 receipts discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 6 ) .

INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 448,732
Additions 294,170
Disposals (11,434 )
At 31 March 2025 731,468
DEPRECIATION
At 1 April 2024 126,834
Charge for year 97,742
Eliminated on disposal (2,284 )
At 31 March 2025 222,292
NET BOOK VALUE
At 31 March 2025 509,176
At 31 March 2024 321,898

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 487,122 531,311
Amounts owed by group undertakings 50 -
Other debtors 16,900 27,836
504,072 559,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 120,307 24,683
Trade creditors 814,356 931,247
Amounts owed to group undertakings - 600
Taxation and social security 70,913 88,720
Other creditors 45,890 41,133
1,061,466 1,096,383

INNOVO ENERGY LIMITED (REGISTERED NUMBER: 10059207)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,667 11,667
Hire purchase contracts (see note 8) 140,229 83,412
141,896 95,079

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 120,307 24,683
Between one and five years 140,229 83,412
260,536 108,095

Non-cancellable operating leases
31.3.25 31.3.24
£    £   
Within one year 27,500 27,500
Between one and five years 11,458 38,958
38,958 66,458

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 260,536 108,095

Hire purchase liabilities are secured against the assets acquired.