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Registration number: 04383252

Innovation Financial Management Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2025

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Innovation Financial Management Ltd
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Innovation Financial Management Ltd for the year ended 30 April 2025 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Innovation Financial Management Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Innovation Financial Management Ltd and state those matters that we have agreed to state to the Board of Directors of Innovation Financial Management Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innovation Financial Management Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Innovation Financial Management Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Innovation Financial Management Ltd. You consider that Innovation Financial Management Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Innovation Financial Management Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Torgersens Limited
4 Lansdowne Terrace
Gosforth
Newcastle Upon Tyne
Tyne And Wear
NE3 1HN

25 June 2025

 

Innovation Financial Management Ltd

Income Statement for the Year Ended 30 April 2025

2025
£

2024
£

Turnover

391,475

373,470

Other income

954

2,851

Cost of raw materials and consumables

(114,047)

(85,615)

Staff costs

(119,051)

(139,935)

Depreciation and other amounts written off assets

(3,168)

(4,224)

Other charges

(53,674)

(51,637)

Profit before tax

102,489

94,910

Tax on profit

(25,569)

(24,321)

Profit for the year

76,920

70,589

 

Innovation Financial Management Ltd

(Registration number: 04383252)
Statement of Financial Position as at 30 April 2025

2025
£

2024
£

Fixed assets

9,504

12,672

Current assets

211,436

207,216

Creditors: Amounts falling due within one year

(27,251)

(26,155)

Net current assets

184,185

181,061

Total assets less current liabilities

193,689

193,733

Accruals and deferred income

(1,224)

(1,188)

 

192,465

192,545

Capital and reserves

192,465

192,545

1

General information

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

The address of its registered office is:
4 Lansdowne Terrace
Gosforth
Newcastle Upon Tyne
Tyne And Wear
NE3 1HN

These financial statements were authorised for issue by the director on 25 June 2025.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 5).

 

Innovation Financial Management Ltd

(Registration number: 04383252)
Statement of Financial Position as at 30 April 2025

For the financial year ending 30 April 2025 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 provisions applicable to companies subject to the micro entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

Approved and authorised by the director on 25 June 2025
 

.........................................
Mr Paul Ashley Hardingham
Director