Innovative Partners (Consulting) Ltd

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Report to the directors on the preparation of the unaudited statutory accounts of Innovative Partners (Consulting) Ltd for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Innovative Partners (Consulting) Ltd which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Innovative Partners (Consulting) Ltd , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Innovative Partners (Consulting) Ltd and state those matters that we have agreed to state to the directors of Innovative Partners (Consulting) Ltd , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Innovative Partners (Consulting) Ltd and its directors as a body for our work or for this report.

It is your duty to ensure that Innovative Partners (Consulting) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Innovative Partners (Consulting) Ltd . You consider that Innovative Partners (Consulting) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Innovative Partners (Consulting) Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

03/06/2025

Cloud 10 Accounting

Chartered Certified Accountants

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Innovative Partners (Consulting) Ltd

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 11141414

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		2,762		1,124
Investments	5		80,879		73,377

			83,641		74,501
CURRENT ASSETS
Debtors	6	198,747		327,411
Cash at bank and in hand		63,125		140,633

		261,872		468,044
Creditors: Amounts Falling Due Within One Year	7	(298,259 )		(357,572 )

NET CURRENT ASSETS (LIABILITIES)			(36,387 )		110,472

TOTAL ASSETS LESS CURRENT LIABILITIES			47,254		184,973

Creditors: Amounts Falling Due After More Than One Year	8		(44,728 )		(39,542 )

NET ASSETS			2,526		145,431

CAPITAL AND RESERVES
Called up share capital	9		200		200
Profit and Loss Account			2,326		145,231

SHAREHOLDERS' FUNDS			2,526		145,431

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Innovative Partners (Consulting) Ltd

Balance Sheet (continued)

As At 31 March 2025

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.

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 Liam Hurley

Director

02/06/2025

The notes on pages 4 to 6 form part of these financial statements.

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Innovative Partners (Consulting) Ltd

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Innovative Partners (Consulting) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11141414 . The registered office is Suite 802 Unit 2, 94a Wycliffe Road, Northampton, England, NN1 5JF.

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, excluding discounts, rebates, value added tax and other sales taxes.

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.

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:

Computer Equipment

4 Years Straight Line

2.4. Financial Instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and nonputtable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

2.5. 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.

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.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: 5)

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Innovative Partners (Consulting) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 April 2024	1,314
Additions	2,361

As at 31 March 2025	3,675

Depreciation
As at 1 April 2024	190
Provided during the period	723

As at 31 March 2025	913

Net Book Value
As at 31 March 2025	2,762

As at 1 April 2024	1,124

5. Investments

	Other
	£
Cost
As at 1 April 2024	73,377
Additions	7,502

As at 31 March 2025	80,879

Provision
As at 1 April 2024	-

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	80,879

As at 1 April 2024	73,377

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	134,696	51,184
Other debtors	64,051	276,227

	198,747	327,411

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Innovative Partners (Consulting) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	33,079	17,865
Bank loans and overdrafts	6,667	6,667
Other creditors	18,118	155,730
Taxation and social security	240,395	177,310

	298,259	357,572

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	32,728	39,542
Other creditors	12,000	-

	44,728	39,542

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Liam Hurley	-	33,088	-	-	33,088
Mr Andrew Wilson	-	25,588	-	-	25,588

The above loan is unsecured, interest free and repayable on demand.

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