Innoviz Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 11158226

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		29,328		33,862
Tangible Assets	5		2,743		1,441

			32,071		35,303
CURRENT ASSETS
Debtors	6	34,331		-
Cash at bank and in hand		62,541		41,148

		96,872		41,148
Creditors: Amounts Falling Due Within One Year	7	(138,919 )		(92,939 )

NET CURRENT ASSETS (LIABILITIES)			(42,047 )		(51,791 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(9,976 )		(16,488 )

NET LIABILITIES			(9,976 )		(16,488 )

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			(9,977 )		(16,489 )

SHAREHOLDERS' FUNDS			(9,976)		(16,488)

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Innoviz Limited

Balance Sheet (continued)

As At 31 January 2025

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Gopala RATHLAVAT

Director

31/10/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Innoviz Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11158226 . The registered office is Unit 20, Innovation Centre Cranfield, University Technology Park, Cranfield, Bedford, England, MK43 0BT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% straight line
Computer Equipment	25% straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Innoviz Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

2.5. Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgments, estimates

and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other

sources.

The estimates and associated assumptions are based on historical experience and other factors that are considered

to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are

reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate

is revised if the revision affects only that period, or in the period of the revision and future periods if the revision

affects both current and future periods.

The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring

disclosure beyond the accounting policies listed below.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 23 (2024: 15)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 February 2024	45,345

As at 31 January 2025	45,345

Amortisation
As at 1 February 2024	11,483
Provided during the period	4,534

As at 31 January 2025	16,017

Net Book Value
As at 31 January 2025	29,328

As at 1 February 2024	33,862

5. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	848	2,268	3,116
Additions	514	1,967	2,481

As at 31 January 2025	1,362	4,235	5,597

Depreciation
As at 1 February 2024	212	1,463	1,675
Provided during the period	282	897	1,179

As at 31 January 2025	494	2,360	2,854

Net Book Value
As at 31 January 2025	868	1,875	2,743

As at 1 February 2024	636	805	1,441

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Innoviz Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	34,331	-

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	38,965	38,123
Taxation and social security	99,954	54,816

	138,919	92,939

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

9. Related Party Transactions

The company's ultimate controlling party is Mr. Gopala Krishna Rathlavat, by virtue of his ownership of 100% of the issued share capital in the company.

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