1 February 2025 v2026.18.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP138281302025-02-012026-01-31138281302026-01-31138281302025-01-3113828130core:WithinOneYear2026-01-3113828130core:WithinOneYear2025-01-3113828130core:ShareCapital2026-01-3113828130core:ShareCapital2025-01-3113828130core:RetainedEarningsAccumulatedLosses2026-01-3113828130core:RetainedEarningsAccumulatedLosses2025-01-3113828130bus:Director12025-02-012026-01-3113828130bus:RegisteredOffice2025-02-012026-01-3113828130core:OfficeEquipment2025-02-012026-01-31138281302024-02-012025-01-3113828130core:PlantMachinery2025-02-012026-01-3113828130core:PlantMachinery2026-01-311382813012025-02-012026-01-3113828130countries:EnglandWales2025-02-012026-01-3113828130bus:AuditExemptWithAccountantsReport2025-02-012026-01-3113828130bus:PrivateLimitedCompanyLtd2025-02-012026-01-3113828130bus:SmallEntities2025-02-012026-01-3113828130bus:FullAccounts2025-02-012026-01-31
Company registration number:
13828130
Innovate It Services Ltd
Unaudited Filleted Financial Statements for the year ended
31 January 2026
Innovate It Services Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Innovate It Services Ltd
Year ended
31 January 2026
As described on the statement of financial position, the Board of Directors of
Innovate It Services Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 January 2026
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
TAG (Maidstone) Ltd
10 Coverdale Avenue
Maidstone
Kent
ME15 9DR
United Kingdom
Date:
18 May 2026
Innovate It Services Ltd
Statement of Financial Position
31 January 2026
20262025
Note££
Fixed assets    
Tangible assets 5
328
  -  
Current assets    
Stocks -  
12,813
 
Debtors 6 -  
188
 
Cash at bank and in hand
130,070
 
106,021
 
130,070
 
119,022
 
Creditors: amounts falling due within one year 7
(34,069
 )
(23,525
 )
Net current assets
96,001
 
95,497
 
Total assets less current liabilities 96,329   95,497  
Capital and reserves    
Called up share capital
103
 
100
 
Profit and loss account
96,226
 
95,397
 
Shareholders funds
96,329
 
95,497
 
For the year ending
31 January 2026
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
18 May 2026
, and are signed on behalf of the board by:
Mr T Rashid
Director
Company registration number:
13828130
Innovate It Services Ltd
Notes to the Financial Statements
Year ended
31 January 2026

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
2 Great Portway
,
Great Denham
,
Bedford
,
Bedfordshire
,
MK40 4GB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2025:
2
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 February 2025
 -  
Additions
438
 
At
31 January 2026
438
 
Depreciation  
At
1 February 2025
 -  
Charge
110
 
At
31 January 2026
110
 
Carrying amount  
At
31 January 2026
328
 
At 31 January 2025 -  

6 Debtors

20262025
££
Other debtors -  
188
 

7 Creditors: amounts falling due within one year

20262025
££
Taxation and social security
21,916
 
23,304
 
Other creditors
12,153
 
221
 
34,069
 
23,525