IRIS Accounts Production v25.3.0.601 11128694 director 1.2.24 31.1.25 31.1.25 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111286942024-01-31111286942025-01-31111286942024-02-012025-01-31111286942023-01-31111286942023-02-012024-01-31111286942024-01-3111128694ns15:EnglandWales2024-02-012025-01-3111128694ns14:PoundSterling2024-02-012025-01-3111128694ns10:Director12024-02-012025-01-3111128694ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3111128694ns10:SmallEntities2024-02-012025-01-3111128694ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3111128694ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3111128694ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3111128694ns10:FullAccounts2024-02-012025-01-3111128694ns10:RegisteredOffice2024-02-012025-01-3111128694ns5:CurrentFinancialInstruments2025-01-3111128694ns5:CurrentFinancialInstruments2024-01-3111128694ns5:Non-currentFinancialInstruments2025-01-3111128694ns5:Non-currentFinancialInstruments2024-01-3111128694ns5:ShareCapital2025-01-3111128694ns5:ShareCapital2024-01-3111128694ns5:RetainedEarningsAccumulatedLosses2025-01-3111128694ns5:RetainedEarningsAccumulatedLosses2024-01-3111128694ns5:ComputerEquipment2024-01-3111128694ns5:ComputerEquipment2024-02-012025-01-3111128694ns5:ComputerEquipment2025-01-3111128694ns5:ComputerEquipment2024-01-3111128694ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3111128694ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3111128694ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2025-01-3111128694ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-01-31
REGISTERED NUMBER: 11128694 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

INNOVESTECH LTD

INNOVESTECH LTD (REGISTERED NUMBER: 11128694)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INNOVESTECH LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTOR: Ms E Sheldon





REGISTERED OFFICE: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ





REGISTERED NUMBER: 11128694 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
3rd Floor
St George's House
56 Peter Street
Manchester
M2 3NQ
Page 1
INNOVESTECH LTD (REGISTERED NUMBER: 11128694)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,261 4,553

CURRENT ASSETS
Debtors 5 337,613 216,656
Cash at bank 1,041 3,568
338,654 220,224
CREDITORS
Amounts falling due within one year 6 188,491 110,753
NET CURRENT ASSETS 150,163 109,471
TOTAL ASSETS LESS CURRENT
LIABILITIES
151,424
114,024

CREDITORS
Amounts falling due after more than one year 7 32,123 34,766
NET ASSETS 119,301 79,258

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 119,300 79,257
119,301 79,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 1 October 2025 and were signed by:




Ms E Sheldon - Director


The notes form part of these financial statements

Page 2
INNOVESTECH LTD (REGISTERED NUMBER: 11128694)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025


1. STATUTORY INFORMATION

Innovestech 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.

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

Equipment - 25% Straight line

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 1 (2024 - 1 ) .

Page 3 continued...
INNOVESTECH LTD (REGISTERED NUMBER: 11128694)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025


4. TANGIBLE FIXED ASSETS
Office
equipment
£   
Cost
At 1 February 2024
and 31 January 2025 19,738
Depreciation
At 1 February 2024 15,185
Charge for year 3,292
At 31 January 2025 18,477
Net book value
At 31 January 2025 1,261
At 31 January 2024 4,553

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 21,826 14,496
Other debtors 84,950 38,396
Directors' current accounts 230,837 163,764
337,613 216,656

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 5,222 5,222
Trade creditors 12,984 -
Corporation tax 56,916 51,838
Social security and other taxes - 479
VAT 25,448 9,765
Other creditors 84,950 38,396
Accruals and deferred income 2,971 5,053
188,491 110,753

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 2-5 years 32,123 34,766

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 January 2024 the director owed the company £230,837 (2024: £163,764). Interest is charged atHMRC's official rate, and is included within other debtors and is payable on demand.

Page 4