REGISTERED NUMBER: 10946086 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Innova Search and Selection Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

D Miley

R B Pilkington

Registered office:

Poplar House, First Floor

Park West

Sealand Road

Chester

CH1 4RN

Registered number:

10946086 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

122,677

202,465

Current assets

Debtors

5

228,241

118,415

Cash at bank

184,421

292,185

412,662

410,600

Creditors

Amounts falling due within one year

6

276,272

268,271

Net current assets

136,390

142,329

Total assets less current liabilities

259,067

344,794

Creditors

Amounts falling due after more than one year

7

(208,383

)

(293,672

)

Provisions for liabilities

8

(29,676

)

(49,457

)

Net assets

21,008

1,665

Capital and reserves

Called up share capital

100

100

Retained earnings

20,908

1,565

Shareholders' funds

21,008

1,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

R B Pilkington - Director

1.	Statutory information

Innova Search and Selection 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

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

Leasehold improvements

-

10% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 11 (2024 - 10 ) .

4.	Tangible fixed assets

Fixtures

Leasehold

and

Motor

Computer

improvements

fittings

vehicles

equipment

Totals

£

£

£

£

£

Cost

At 1 October 2024

and 30 September 2025

6,624

24,657

289,415

42,829

363,525

Depreciation

At 1 October 2024

1,987

16,589

102,501

39,983

161,060

Charge for year

662

3,926

72,354

2,846

79,788

At 30 September 2025

2,649

20,515

174,855

42,829

240,848

Net book value

At 30 September 2025

3,975

4,142

114,560

-

122,677

At 30 September 2024

4,637

8,068

186,914

2,846

202,465

5.

Debtors: amounts falling due within one year

30/9/25

30/9/24

£

£

Trade debtors

198,349

105,097

Other debtors

29,892

13,318

228,241

118,415

6.

Creditors: amounts falling due within one year

30/9/25

30/9/24

£

£

Bank loans and overdrafts

8,191

10,648

Hire purchase contracts

30,582

30,582

Taxation and social security

133,591

99,388

Other creditors

103,908

127,653

276,272

268,271

Obligations under hire purchase contracts are secured on the underlying asset.

7.

Creditors: amounts falling due after more than one year

30/9/25

30/9/24

£

£

Bank loans

-

7,557

Hire purchase contracts

155,957

182,386

Other creditors

52,426

103,729

208,383

293,672

Obligations under hire purchase contracts are secured on the underlying asset.

8.	Provisions for liabilities

30/9/25

30/9/24

£

£

Deferred tax

29,676

49,457

Deferred

tax

£

Balance at 1 October 2024

49,457

Credit to Statement of Income and Retained Earnings during year

(19,781

)

Balance at 30 September 2025

29,676

9.	Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

30/9/25

30/9/24

£

£

D Miley

Balance outstanding at start of year

6,972

-

Amounts advanced

15,964

18,367

Amounts repaid

(7,659

)

(11,395

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,277

6,972

R B Pilkington

Balance outstanding at start of year

6,345

-

Amounts advanced

15,585

17,847

Amounts repaid

(7,316

)

(11,502

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

14,614

6,345

The maximum balances outstanding during the year were D Miley £16,124 and R B Pilkington £14,038. The aggregate of individual amounts in excess of £5,000 each advanced during the year to D Miley totalled £15,964 and to R B Pilkington totalled £15,585. D Miley and R B Pilkington each repaid £6,500 on 6 February 2025. Loans to directors are unsecured, interest free and repayable on demand.