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REGISTERED NUMBER: 14724590 (England and Wales)















Innovate for Action Ltd

Unaudited Financial Statements for the Year Ended 31 March 2025






Innovate for Action Ltd (Registered number: 14724590)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Innovate for Action Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr P A Roche
Mrs B Roche





SECRETARY: Mrs B Roche





REGISTERED OFFICE: Atlantic House
8 Bell Lane
Uckfield
East Sussex
TN22 1QL





REGISTERED NUMBER: 14724590 (England and Wales)





ACCOUNTANTS: Swindells LLP
Chartered Accountants
Atlantic House
8 Bell Lane
Bellbrook Industrial Estate
Uckfield
East Sussex
TN22 1QL

Innovate for Action Ltd (Registered number: 14724590)

Balance Sheet
31 March 2025

2025 2024
Notes £    £   
CURRENT ASSETS
Debtors 5 3,428 7,569
Cash at bank 30,748 60,917
34,176 68,486
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

18,538

27,455
NET CURRENT ASSETS 15,638 41,031
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,638

41,031

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 15,538 40,931
SHAREHOLDERS' FUNDS 15,638 41,031

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 directors acknowledge their 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.

Innovate for Action Ltd (Registered number: 14724590)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:





Mr P A Roche - Director


Innovate for Action Ltd (Registered number: 14724590)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Innovate for Action 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. 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.

Turnover
Turnover represents revenue, net of VAT, from commercial transactions under which the company supplies customers the services that it is in business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those services.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Innovate for Action Ltd (Registered number: 14724590)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued

Break up basis
The company ceased trading on 30 September 2024 and the directors has indicated her intention to liquidate the company in the near future and has therefore prepared the accounts on a break up basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 929
Disposals (929 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 3,428 7,569

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Tax - 17,891
VAT - 2,986
Directors' current accounts 13,238 4,476
Accruals and deferred income 5,300 2,102
18,538 27,455

Innovate for Action Ltd (Registered number: 14724590)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

The company issued 50 Ordinary A subscriber shares and 50 Ordinary B subscriber shares on incorporation.

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £15,000 (2024 - £24,000) were paid to the directors

At the balance sheet date the company owed a director £13,238 (2024 - £4,476). This balance is unsecured, interest free and repayable on demand.