1 April 2024 false No description of principal activity Taxfiler 2024.6 08932305 business:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 08932305 2024-03-31 08932305 2024-04-01 2025-03-31 08932305 business:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 08932305 business:FilletedAccounts 2024-04-01 2025-03-31 08932305 2025-03-31 08932305 2024-03-31 08932305 core:WithinOneYear 2025-03-31 08932305 core:WithinOneYear 2024-03-31 08932305 core:AfterOneYear 2025-03-31 08932305 core:AfterOneYear 2024-03-31 08932305 core:ShareCapital core:PreviouslyStatedAmount 2025-03-31 08932305 core:ShareCapital core:PreviouslyStatedAmount 2024-03-31 08932305 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-03-31 08932305 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-03-31 08932305 core:PreviouslyStatedAmount 2025-03-31 08932305 core:PreviouslyStatedAmount 2024-03-31 08932305 business:SmallEntities 2024-04-01 2025-03-31 08932305 business:Director1 2024-04-01 2025-03-31 08932305 countries:EnglandWales 2024-04-01 2025-03-31 08932305 business:RegisteredOffice 2024-04-01 2025-03-31 08932305 core:ComputerEquipment 2024-04-01 2025-03-31 08932305 core:ComputerEquipment 2024-03-31 08932305 core:ComputerEquipment 2025-03-31 08932305 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
INNOVATIONS24 LIMITED Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
409
498
Current assets
Debtors
5
52,722
44,518
Cash at bank and in hand
477
2,015
53,199
46,533
Creditors: amounts falling due within one year
6
(1,000)
(3,613)
Net current assets
52,199
42,920
Total assets less current liabilities
52,608
43,418
Creditors: amounts falling due after more than one year
7
(50,000)
(50,000)
Net assets/(liabilities)
2,608
(6,582)
Capital and reserves
Called up share capital
1
1
Profit and loss account
2,607
(6,583)
Shareholders' funds
2,608
(6,582)
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 19 October 2025 and were signed on its behalf by
INNOCENT BRIAN CHIKOWORE Director Company Registration No. 08932305
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INNOVATIONS24 LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
INNOVATIONS24 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08932305. The registered office is 56 GARNER WAY, FLECKNEY, LEICESTER, LE8 8EJ, ENGLAND.
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:
Computer equipment
Reducing Balance
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2024
1,354
At 31 March 2025
1,354
Depreciation
At 1 April 2024
856
Charge for the year
89
At 31 March 2025
945
Net book value
At 31 March 2025
409
At 31 March 2024
498
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
52,722
44,518
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INNOVATIONS24 LIMITED Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
-
3,013
Accruals
1,000
600
1,000
3,613
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
50,000
50,000
8
Average number of employees
During the year the average number of employees was 12 (2024: 12).
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