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REGISTERED NUMBER: 14309376 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

INNOVATION ALUMINIUM LIMITED

INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INNOVATION ALUMINIUM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr A Berrington
Mr JG Ward
Mr DM Ward





REGISTERED OFFICE: Ial Ltd
4-6 Ireton Avenue
Leicester
LE4 9EU





REGISTERED NUMBER: 14309376 (England and Wales)

INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,282 46,724

CURRENT ASSETS
Stocks 5 58,978 54,471
Debtors 6 126,064 89,360
Cash at bank 21,545 51,476
206,587 195,307
CREDITORS
Amounts falling due within one year 7 195,197 172,134
NET CURRENT ASSETS 11,390 23,173
TOTAL ASSETS LESS CURRENT
LIABILITIES

90,672

69,897

CREDITORS
Amounts falling due after more than one year 8 (37,570 ) (17,307 )

PROVISIONS FOR LIABILITIES (6,936 ) (5,874 )
NET ASSETS 46,166 46,716

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 43,166 43,716
46,166 46,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

BALANCE SHEET - continued
30 NOVEMBER 2024


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 29 August 2025 and were signed on its behalf by:





Mr JG Ward - Director


INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Innovation Aluminium 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 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 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
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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

Plant and machinery - 20% on cost
Motor Vehicles - 20% on cost
Computer Equipment - 20% on cost

Stocks
Stocks and work in progress 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.

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.


INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

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


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 or finance leases are capitalised in the balance sheet. Those under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Comparative Figures
The current period represents a full year of trading, whereas the comparative period covers 15 months of trading from the date of incorporation.

3. EMPLOYEES AND DIRECTORS

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

INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

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


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 25,860 24,720 - 50,580
Additions 56,054 - 952 57,006
Disposals (8,000 ) - - (8,000 )
At 30 November 2024 73,914 24,720 952 99,586
DEPRECIATION
At 1 December 2023 1,796 2,060 - 3,856
Charge for year 12,374 4,944 63 17,381
Eliminated on disposal (933 ) - - (933 )
At 30 November 2024 13,237 7,004 63 20,304
NET BOOK VALUE
At 30 November 2024 60,677 17,716 889 79,282
At 30 November 2023 24,064 22,660 - 46,724

5. STOCKS
2024 2023
£    £   
Stocks 50,280 38,323
Work-in-progress 8,698 16,148
58,978 54,471

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 124,792 88,627
Other debtors 1,272 733
126,064 89,360

INNOVATION ALUMINIUM LIMITED (REGISTERED NUMBER: 14309376)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,000 6,238
Hire purchase contracts 10,030 -
Trade creditors 107,224 133,501
Taxation and social security - 8,542
Other creditors 72,943 23,853
195,197 172,134

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 14,167 17,307
Hire purchase contracts 23,403 -
37,570 17,307

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,167 23,546
Hire purchase 33,433 -
52,600 23,546

10. RELATED PARTY DISCLOSURES

At the period end the company owed £71,331 (2023 - £127,427) to a related entity.

No interest was charged on the above balance.