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Company Registration No. 07768810 (England and Wales)
INNOV8OUT LIMITED Unaudited accounts for the year ended 31 December 2024
INNOV8OUT LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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INNOV8OUT LIMITED Company Information for the year ended 31 December 2024
Director
William Alois Silverstone
Company Number
07768810 (England and Wales)
Registered Office
UNITS 5 & 6 RUSHACRE ENTERPRISE PARK REDSTONE ROAD NARBERTH DYFED SA67 7ET WALES
Accountants
Easy Accounting Services Ltd Unit 3 Narberth Bridge Business Park Narberth Pembrokeshire SA67 8RA
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INNOV8OUT LIMITED Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Called up share capital not paid
(100)
(100)
Fixed assets
Tangible assets
4
57,932 
65,368 
Current assets
Debtors
5
23,478 
12,870 
Cash at bank and in hand
27,872 
21,140 
51,350 
34,010 
Creditors: amounts falling due within one year
6
(70,546)
(68,696)
Net current liabilities
(19,196)
(34,686)
Total assets less current liabilities
38,636 
30,582 
Creditors: amounts falling due after more than one year
7
(4,019)
(4,019)
Net assets
34,617 
26,563 
Capital and reserves
Share premium
(100)
(100)
Capital contribution reserve
(37,896)
(37,896)
Profit and loss account
72,613 
64,559 
Shareholders' funds
34,617 
26,563 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2025 and were signed on its behalf by
William Alois Silverstone Director Company Registration No. 07768810
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INNOV8OUT LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
INNOV8OUT LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07768810. The registered office is UNITS 5 & 6 RUSHACRE ENTERPRISE PARK, REDSTONE ROAD, NARBERTH, DYFED, SA67 7ET, WALES.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
37,210 
49,459 
122,648 
209,317 
Additions
2,675 
- 
9,199 
11,874 
At 31 December 2024
39,885 
49,459 
131,847 
221,191 
Depreciation
At 1 January 2024
31,714 
49,459 
62,776 
143,949 
Charge for the year
5,496 
- 
13,814 
19,310 
At 31 December 2024
37,210 
49,459 
76,590 
163,259 
Net book value
At 31 December 2024
2,675 
- 
55,257 
57,932 
At 31 December 2023
5,496 
- 
59,872 
65,368 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
18,927 
9,749 
Accrued income and prepayments
3,121 
3,121 
Other debtors
1,430 
- 
23,478 
12,870 
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INNOV8OUT LIMITED Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,953 
5,003 
Trade creditors
54,077 
50,867 
Other creditors
- 
310 
Loans from directors
10,971 
10,971 
Accruals
1,545 
1,545 
70,546 
68,696 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,019 
4,019 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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