ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

As restated

Company registration number: 11895205

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	INOVOTEK SOLUTIONS LTD


INOVOTEK SOLUTIONS LTD

COMPANY INFORMATION

Director	K Ait Yahia


Registered number	11895205


Registered office	Dawson House
	5 Jewry Street
	London
	England
	EC3N 2EX


Accountants	Menzies LLP
	Chartered Accountants
	Ashcombe House
	5 The Crescent
	Leatherhead
	Surrey
	KT22 8DY


INOVOTEK SOLUTIONS LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 7


INOVOTEK SOLUTIONS LTD REGISTERED NUMBER:11895205

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		As restated
	2025	2024
Note	£	£

Fixed assets
Tangible assets	4		2,637		4,665
			2,637		4,665
Current assets
Debtors: amounts falling due within one year	5	1,061,233		959,026
Cash at bank and in hand		40,484		157,003
		1,101,717		1,116,029
Creditors: amounts falling due within one year	6	(1,091,519)		(1,095,928)
Net current assets			10,198		20,101
Total assets less current liabilities			12,835		24,766
Creditors: amounts falling due after more than one year	7		(9,819)		(20,000)

Net assets			3,016		4,766

Capital and reserves
Allotted, called up, and fully paid share capital	1	1
Profit and loss account	3,015	4,765
	3,016	4,766

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K Ait Yahia

Director

Page 1


INOVOTEK SOLUTIONS LTD REGISTERED NUMBER:11895205

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

Date: 17 November 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2


INOVOTEK SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

Inovotek Solutions Ltd is a private company limited by shares incorporated in England and Wales. The registered office and trading address is disclosed on the company information page.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is derived from consultancy services and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3


INOVOTEK SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	33%
				Computer equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 6 (2024 - 5).

Page 4


INOVOTEK SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 April 2024	4,975	3,608	8,583
At 31 March 2025	4,975	3,608	8,583
Depreciation
At 1 April 2024	1,715	2,203	3,918
Charge for the year	1,459	569	2,028
At 31 March 2025	3,174	2,772	5,946
Net book value
At 31 March 2025	1,801	836	2,637
At 31 March 2024	3,260	1,405	4,665

Debtors

					2025	2024
					£	£


Trade debtors	907,441	771,625
Other debtors	43,348	67,016
Prepayments and accrued income	110,444	120,385
	1,061,233	959,026

Page 5


INOVOTEK SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Bank overdrafts	65,797	24,863
Bank loans	10,000	10,000
Trade creditors	183,617	769,879
Corporation tax	97,000	122,757
Other taxation and social security	13,762	14,305
Invoice financing	716,129	1,320
Other creditors	1,214	1,354
Accruals and deferred income	4,000	151,450
	1,091,519	1,095,928

Included within other creditors are balances of £716,129 (2024 - £1,320), which are subject to a fixed, floating and negative pledge charge, against all present and future freehold and leasehold land and intellectual property.

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Bank loans	9,819	20,000
	9,819	20,000

8.	Prior year adjustment

During the year, the director identified that cost of sales directly attributable to a sales contract had been understated in the prior period. A prior period adjustment has therefore been made to correct this error.
The adjustment increases cost of sales for the year ended 31 March 2024 by £112,200 and correspondingly increases accruals at that date.
As a result, the prior year profit has been reduced by £112,200, leading to a reduction in corporate tax payable of £x.

Page 6


INOVOTEK SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Not later than 1 year	64,208	114,658
Later than 1 year and not later than 5 years	-	64,208
	64,208	178,866

Page 7