Innovate Interiors Ltd - Filleted accounts

Registered number

12891120

Innovate Interiors Ltd

Filleted Accounts

30 September 2025

Innovate Interiors Ltd
Registered number:		12891120
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		193,249			155,819

Current assets
Stocks		4,853			4,353
Debtors	4	1,275,307			1,399,420
Cash at bank and in hand		162,967			49,560
		1,443,127			1,453,333

Creditors: amounts falling due within one year	5	(603,499)			(590,904)

Net current assets			839,628			862,429

Total assets less current liabilities			1,032,877			1,018,248

Creditors: amounts falling due after more than one year	6		(99,218)			(63,326)



Net assets			933,659			954,922

Capital and reserves
Called up share capital			83			83
Share premium			17			17
Profit and loss account			933,559			954,822

Shareholders' funds			933,659			954,922

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Jones
Director
Approved by the board on 5 June 2026

Innovate Interiors Ltd
Notes to the Accounts
for the year ended 30 September 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Building improvements			15% straight line
	Plant and machinery			25% straight line
	Fixtures, fittings, tools and equipment			20% straight line

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		12


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2024	7,164		12,098		250,222		269,484
	Additions	-		472		104,907		105,379
	Disposals	-		-		(50,133)		(50,133)
	At 30 September 2025	7,164		12,570		304,996		324,730

	Depreciation
	At 1 October 2024	1,074		5,070		107,521		113,665
	Charge for the year	1,075		2,996		48,683		52,754
	On disposals	-		-		(34,938)		(34,938)
	At 30 September 2025	2,149		8,066		121,266		131,481

	Net book value
	At 30 September 2025	5,015		4,504		183,730		193,249
	At 30 September 2024	6,090		7,028		142,701		155,819


4	Debtors					2025		2024
£							£

	Trade debtors					693,116		665,823
	Other debtors					582,191		733,597
						1,275,307		1,399,420


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					30,682		33,264
	Trade creditors					351,266		254,350
	Taxation and social security costs					215,581		303,290
	Other creditors					5,970		-
						603,499		590,904


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					99,218		63,326


7	Controlling party

	The company is controlled by Mr S Jones and Mr M Mcardle.


8	Other information

	Innovate Interiors Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	50 Hoyland Road
	Hoyland Common
	Barnsley
	S74 0PB