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REGISTERED NUMBER: 01226873 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

FOR

MINNOVATION LIMITED

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINNOVATION LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025







DIRECTOR: Mr G A Parrott



SECRETARY: Mr G A Parrott



REGISTERED OFFICE: 12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



REGISTERED NUMBER: 01226873 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank plc
26 Market Hill
Barnsley
South Yorkshire
S70 2QE



SOLICITORS: Newman & Bond
32 Church Street
Barnsley
South Yorkshire
S70 2AP

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

BALANCE SHEET
31ST MARCH 2025

2025 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 89,436 111,271
Investments 5 80,400 80,400
169,836 191,671

CURRENT ASSETS
Stocks 6 147,079 151,268
Debtors 7 168,852 136,211
Investments 8 921,508 761,328
Cash at bank and in hand 262,279 110,279
1,499,718 1,159,086
CREDITORS
Amounts falling due within one year 9 50,144 42,468
NET CURRENT ASSETS 1,449,574 1,116,618
TOTAL ASSETS LESS CURRENT LIABILITIES 1,619,410 1,308,289

PROVISIONS FOR LIABILITIES 22,359 21,141
NET ASSETS 1,597,051 1,287,148

CAPITAL AND RESERVES
Called up share capital 10 9,200 9,200
Capital redemption reserve 11 800 800
Other reserves 11 138,297 138,297
Retained earnings 11 1,448,754 1,138,851
SHAREHOLDERS' FUNDS 1,597,051 1,287,148

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

BALANCE SHEET - continued
31ST MARCH 2025


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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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.

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 director and authorised for issue on 28th July 2025 and were signed by:





Mr G A Parrott - Director


MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

1. STATUTORY INFORMATION

Minnovation 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is recognised to the extent that the company has obtained the right to consideration through the performance of it's contractual obligations. Where the substance is that the company's contractual obligations are performed over time, turnover is recognised as contract activity progresses to reflect the company's partial performance of its contractual obligations. The amount recognised represents the right to consideration by reference to the value of work performed.

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 - 15% on reducing balance
Fixtures, fittings and office equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost or valuation less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation
Taxation for the period 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 period 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 profit.

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit or loss if the shares are publicly traded or their fair value can otherwise by measured reliably.

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 the profit and loss account in the period to which they relate.

Furlough and grant receipts
Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 9 (2023 - 9 ) .

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and
Plant and office Motor
machinery equipment vehicles Totals
£    £    £    £   
COST
At 1st January 2024 565,876 134,088 73,650 773,614
Additions - 200 - 200
At 31st March 2025 565,876 134,288 73,650 773,814
DEPRECIATION
At 1st January 2024 467,332 130,601 64,410 662,343
Charge for period 18,480 667 2,888 22,035
At 31st March 2025 485,812 131,268 67,298 684,378
NET BOOK VALUE
At 31st March 2025 80,064 3,020 6,352 89,436
At 31st December 2023 98,544 3,487 9,240 111,271

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2024
and 31st March 2025 80,400
NET BOOK VALUE
At 31st March 2025 80,400
At 31st December 2023 80,400

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

6. STOCKS
2025 2023
£    £   
Work-in-progress 17,443 18,571
Finished goods 129,636 132,697
147,079 151,268

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade debtors 67,519 42,692
Amounts owed by associates 68,023 64,614
Other debtors - 616
Directors' current accounts 32 3,346
VAT 12,577 15,610
Prepayments and accrued income 20,701 9,333
168,852 136,211

8. FINANCIAL ASSETS
2025 2023
£    £   
Listed investments 921,508 761,328

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Trade creditors 33,055 22,241
Social security and other taxes 6,061 4,078
Other creditors 3,810 8,119
Accruals and deferred income 7,218 8,030
50,144 42,468

MINNOVATION LIMITED (REGISTERED NUMBER: 01226873)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2024 TO 31ST MARCH 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2023
value: £    £   
9,200 Ordinary £1 9,200 9,200

11. RESERVES
Capital
Retained redemption Other
earnings reserve reserves Totals
£    £    £    £   

At 1st January 2024 1,138,851 800 138,297 1,277,948
Profit for the period 309,903 309,903
At 31st March 2025 1,448,754 800 138,297 1,587,851