REGISTERED NUMBER: 06988400 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INNOVATION DB AND FORUM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr G V C Law

P R Liptrot

REGISTERED OFFICE:

Douglas Bank House

Wigan Lane

Wigan

WN1 2TB

REGISTERED NUMBER:

06988400 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Intangible assets

4

335,952

372,638

Tangible assets

5

-

(42

)

335,952

372,596

CURRENT ASSETS

Debtors

6

3,801

5,849

Cash at bank

4,537

11,259

8,338

17,108

CREDITORS

Amounts falling due within one year

7

42,017

120,971

NET CURRENT LIABILITIES

(33,679

)

(103,863

)

TOTAL ASSETS LESS CURRENT LIABILITIES

302,273

268,733

CREDITORS

Amounts falling due after more than one year

8

36,517

45,691

NET ASSETS

265,756

223,042

CAPITAL AND RESERVES

Called up share capital

2,892

2,844

Share premium

746,648

691,596

Retained earnings

(483,784

)

(471,398

)

SHAREHOLDERS' FUNDS

265,756

223,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

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 30 September 2025 and were signed on its behalf by:

Dr G V C Law - Director

1.	STATUTORY INFORMATION

Innovation Db And Forum 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.

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 the net invoiced value of goods sold, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

794,626

Additions

47,558

At 31 December 2024

842,184

AMORTISATION

At 1 January 2024

421,988

Charge for year

84,244

At 31 December 2024

506,232

NET BOOK VALUE

At 31 December 2024

335,952

At 31 December 2023

372,638

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

3,155

DEPRECIATION

At 1 January 2024

3,197

Charge for year

(42

)

At 31 December 2024

3,155

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

(42

)

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

3,801

5,849

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

8,173

8,006

Taxation and social security

2,364

4,368

Other creditors

31,480

108,597

42,017

120,971

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

36,517

45,691

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

12,917

13,667

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Dr G V C Law.