REGISTERED NUMBER: 08952337 (England and Wales)

We Are Innovate Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

A Wheeldon

Registered office:

Suite 1509

The Heron

Moor Lane

London

EC2Y 9AZ

Registered number:

08952337 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

3rd Floor

86 - 90 Paul Street

London

EC2A 4NE

Fixed assets

Tangible assets

4

4,662

7,243

Investments

5

280

280

4,942

7,523

Current assets

Debtors

6

17,869

11,479

Creditors

Amounts falling due within one year

7

22,457

17,772

Net current liabilities

(4,588

)

(6,293

)

Total assets less current liabilities

354

1,230

Capital and reserves

Called up share capital

8

100

100

Retained earnings

9

254

1,130

Shareholders' funds

354

1,230

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

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

The director acknowledges his 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 10 December 2025 and were signed by:

A Wheeldon - Director

1.	Statutory information

We Are Innovate 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 represents amounts receivable for IT services provided in the year. Turnover is recognised at the date of the invoice and is stated net of VAT.

Tangible fixed assets

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

Computer equipment

-

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.

Going concern

The company meets its day to day working capital requirements through the support of the directors and shareholders of the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

3.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 April 2024

and 31 March 2025

10,323

Depreciation

At 1 April 2024

3,080

Charge for year

2,581

At 31 March 2025

5,661

Net book value

At 31 March 2025

4,662

At 31 March 2024

7,243

5.	Fixed asset investments

Other

investments

£

Cost

At 1 April 2024

and 31 March 2025

280

Net book value

At 31 March 2025

280

At 31 March 2024

280

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Other debtors

17,869

11,479

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

947

6,210

Taxation and social security

19,010

11,562

Other creditors

2,500

-

22,457

17,772

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

9.

Reserves

Retained

earnings

£

At 1 April 2024

1,130

Profit for the year

51,124

Dividends

(52,000

)

At 31 March 2025

254

10.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

A Wheeldon

Balance outstanding at start of year

6,804

2,292

Amounts advanced

63,065

44,512

Amounts repaid

(52,000

)

(40,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

17,869

6,804