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REGISTERED NUMBER: 12723084 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

INNOVA DECOR LIMITED
INNOVA DECOR LIMITED (REGISTERED NUMBER: 12723084)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNOVA DECOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: J Benktander
N Kyriacou





REGISTERED OFFICE: Ground Floor
68 Baker Street
Egerton House
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 12723084 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL
Page 1
INNOVA DECOR LIMITED (REGISTERED NUMBER: 12723084)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 11,015 4,730
11,015 4,730

CURRENT ASSETS
Debtors 6 556,311 361,539
Cash at bank 712,314 584,463
1,268,625 946,002
CREDITORS
Amounts falling due within one year 7 571,830 360,103
NET CURRENT ASSETS 696,795 585,899
TOTAL ASSETS LESS CURRENT LIABILITIES 707,810 590,629

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 707,710 590,529
SHAREHOLDERS' FUNDS 707,810 590,629

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 22 April 2025 and were signed on its behalf by:





N Kyriacou - Director


The notes form part of these financial statements

Page 2
INNOVA DECOR LIMITED (REGISTERED NUMBER: 12723084)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Innova Decor 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 amounts chargeable, net of value added tax, in respect of the sale of goods to customers.

Revenue is recognised when goods are free on board and title has passed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of two years.

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.

Patents and licences are being amortised evenly over their estimated useful life of two years.

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 etc - 33.33% on cost and 25% 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 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 1 (2023 - 1 ) .

Page 3
INNOVA DECOR LIMITED (REGISTERED NUMBER: 12723084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 13,000 10,926 23,926
AMORTISATION
At 1 January 2024
and 31 December 2024 13,000 10,926 23,926
NET BOOK VALUE
At 31 December 2024 - - -
At 31 December 2023 - - -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 11,951
Additions 9,856
At 31 December 2024 21,807
DEPRECIATION
At 1 January 2024 7,221
Charge for year 3,571
At 31 December 2024 10,792
NET BOOK VALUE
At 31 December 2024 11,015
At 31 December 2023 4,730

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 407,915 249,527
Other debtors 148,396 112,012
556,311 361,539

Page 4
INNOVA DECOR LIMITED (REGISTERED NUMBER: 12723084)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 13,324 6,345
Taxation and social security 89,240 91,981
Other creditors 469,266 261,777
571,830 360,103

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
55 Ordinary £1.00 55 55
45 Ordinary-A 1.00 45 45
100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
Director
Balance outstanding at start of year - 50,167
Amounts advanced 51,657 666
Amounts repaid - (50,833 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 51,657 -

Director
Balance outstanding at start of year 51,064 -
Amounts advanced 1,813 51,064
Amounts repaid (51,125 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,752 51,064

Interest is charged on the above loans at 2.5% per annum.

Page 5