IRIS Accounts Production v25.2.0.378 08182742 Board of Directors 1.10.23 30.9.24 30.9.24 31/7/2025 true false false false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh081827422023-09-30081827422024-09-30081827422023-10-012024-09-30081827422022-09-30081827422022-10-012023-09-30081827422023-09-3008182742ns15:EnglandWales2023-10-012024-09-3008182742ns14:PoundSterling2023-10-012024-09-3008182742ns10:Director12023-10-012024-09-3008182742ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3008182742ns10:SmallEntities2023-10-012024-09-3008182742ns10:Audited2023-10-012024-09-3008182742ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3008182742ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3008182742ns10:FullAccounts2023-10-012024-09-3008182742ns10:OrdinaryShareClass12023-10-012024-09-3008182742ns10:Director22023-10-012024-09-3008182742ns10:Director32023-10-012024-09-3008182742ns10:CompanySecretary12023-10-012024-09-3008182742ns10:RegisteredOffice2023-10-012024-09-3008182742ns5:CurrentFinancialInstruments2024-09-3008182742ns5:CurrentFinancialInstruments2023-09-3008182742ns5:ShareCapital2024-09-3008182742ns5:ShareCapital2023-09-3008182742ns5:RetainedEarningsAccumulatedLosses2024-09-3008182742ns5:RetainedEarningsAccumulatedLosses2023-09-3008182742ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3008182742ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3008182742ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-09-3008182742ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3008182742ns10:OrdinaryShareClass12024-09-300818274212023-10-012024-09-30
REGISTERED NUMBER: 08182742 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

INNUA EUROPE LTD

INNUA EUROPE LTD (REGISTERED NUMBER: 08182742)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNUA EUROPE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: Mr B J Laing
Mrs C L Flynn
Mr O D Rustrian Cervantes



SECRETARY: Mrs G Harris



REGISTERED OFFICE: Fleming Court
Leigh Road
Eastleigh
Hampshire
SO50 9PD



REGISTERED NUMBER: 08182742 (England and Wales)



SENIOR STATUTORY AUDITOR: Neil Raynsford



AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

INNUA EUROPE LTD (REGISTERED NUMBER: 08182742)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 1,044,292 1,269,784
Debtors 5 817,122 864,232
Cash at bank 325,728 447,746
2,187,142 2,581,762
CREDITORS
Amounts falling due within one year 6 2,310,590 2,880,792
NET CURRENT LIABILITIES (123,448 ) (299,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(123,448

)

(299,030

)

CAPITAL AND RESERVES
Called up share capital 7 10,000 10,000
Retained earnings (133,448 ) (309,030 )
SHAREHOLDERS' FUNDS (123,448 ) (299,030 )

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th July 2025 and were signed on its behalf by:





Mrs C L Flynn - Director


INNUA EUROPE LTD (REGISTERED NUMBER: 08182742)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Innua Europe Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a basis other than going concern.

As part of the directors' assessment of going concern they have taken into account all available information and evidence. Since the year end the shareholders of the group, to which Innua Europe Ltd belongs, decided that they will take the relevant steps to liquidate the group and Innua Europe Ltd. Accordingly the directors consider that the going concern basis would not be appropriate and as a result a basis other than going concern has been adopted.

Turnover
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on completion of delivery to the customer.

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 Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company contributes to 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 and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

INNUA EUROPE LTD (REGISTERED NUMBER: 08182742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


3. ACCOUNTING POLICIES - continued

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 816,849 669,255
Other debtors 273 -
817,122 669,255

Amounts falling due after more than one year:
Other debtors - 194,977

Aggregate amounts 817,122 864,232

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 347,714 44,225
Amounts owed to group undertakings 1,753,951 2,618,236
Taxation and social security 119,681 72,671
Other creditors 89,244 145,660
2,310,590 2,880,792

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 Ordinary £1 10,000 10,000

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

Emphasis of matter - basis of preparation
We draw attention to Note 3 of the financial statements which explains the directors' assessment of going concern which takes into account the intention of the shareholders of the group, to which Innua Europe Ltd belongs, to liquidate the group and the company. Therefore the directors do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 3.

Our opinion is not modified in respect of this matter.

The Report of the Auditors report was unqualified.

Neil Raynsford (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

INNUA EUROPE LTD (REGISTERED NUMBER: 08182742)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


9. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £11,140 (2023: £11,140).

This amount is in relation to operating lease commitments which are payable in less than one year.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

11. POST BALANCE SHEET EVENTS

Since the year end the shareholders of the group to which Innua Europe Ltd belongs, have decided to take relevant steps to liquidate the group and Innua Europe Ltd. As a result of this intention to liquidate, the financial statements have been prepared on a basis other than going concern as set out in Note 3 to the financial statements.

The financial effect of this decision will be that the company will cease all trade and in due course will be liquidated.

12. PARENT AND ULTIMATE PARENT COMPANIES

During the year Bruneval Ltd, a company incorporated in Canada with its registered office in Hamilton, Ontario, Canada was the parent and ultimate parent undertaking of Innua Europe Ltd and prepares consolidated group financial statements.