Company Registration No. 07154455 (England and Wales)
Innvotek Ltd
Unaudited accounts
for the year ended 31 December 2024
Innvotek Ltd
Unaudited accounts
Contents
Innvotek Ltd
Company Information
for the year ended 31 December 2024
Director
SHAHID NADEEM MUGHAL
Company Number
07154455 (England and Wales)
Registered Office
43 Berkeley Square
Mayfair,
LONDON
W1J 5AP
United Kingdom
Innvotek Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
37,210
49,947
Cash at bank and in hand
1,588
145,965
Creditors: amounts falling due within one year
(153,036)
(197,496)
Net current assets
37,792
66,759
Total assets less current liabilities
75,002
116,706
Creditors: amounts falling due after more than one year
(23,548)
(39,572)
Called up share capital
300
300
Profit and loss account
51,154
76,834
Shareholders' funds
51,454
77,134
For the year ending 31 December 2024 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 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 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 and authorised for issue on 29 December 2025 and were signed on its behalf by
SHAHID NADEEM MUGHAL
Director
Company Registration No. 07154455
Innvotek Ltd
Notes to the Accounts
for the year ended 31 December 2024
Innvotek Ltd is a private company, limited by shares, registered in England and Wales, registration number 07154455. The registered office is 43 Berkeley Square, Mayfair,, LONDON, W1J 5AP, United Kingdom.
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.
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.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% Reducing Balance
Motor vehicles
10% Straight Line
Fixtures & fittings
20% Reducing Balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Innvotek Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
41,266
80,180
10,793
132,239
At 31 December 2024
41,266
80,180
11,443
132,889
At 1 January 2024
24,935
52,126
5,231
82,292
Charge for the year
4,127
8,018
1,242
13,387
At 31 December 2024
29,062
60,144
6,473
95,679
At 31 December 2024
12,204
20,036
4,970
37,210
At 31 December 2023
16,331
28,054
5,562
49,947
Amounts falling due within one year
Trade debtors
173,791
103,338
Accrued income and prepayments
2,724
2,724
Other debtors
12,725
12,228
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,713
-
Trade creditors
116,872
124,369
Taxes and social security
1,260
38,998
Other creditors
3,535
6,227
Loans from directors
23,820
23,820
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 7 (2023: 5).