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Registered number: 13603197
Innovalab Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
PKW Accountants Limited
Second Floor
1 Church Square
Leighton Buzzard
Bedfordshire
LU7 1AE
Innovalab Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—4

Page 1
Innovalab Limited
Balance Sheet
As At 31 December 2025
Balance Sheet
Registered number: 13603197

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 39,547 |  | 48,771
|  |  | 39,547 |  | 48,771
CURRENT ASSETS
Debtors | 5 | 1,169,534 |  | 1,055,062 |
Cash at bank and in hand |  | 589,388 |  | 1,522,846 |
|  | 1,758,922 |  | 2,577,908 |
Creditors: Amounts Falling Due Within One Year | 6 | (308,942 ) |  | (197,053 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 1,449,980 |  | 2,380,855
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,489,527 |  | 2,429,626
NET ASSETS |  |  | 1,489,527 |  | 2,429,626
CAPITAL AND RESERVES
Called up share capital | 7 |  | 100 |  | 100
Profit and Loss Account |  |  | 1,489,427 |  | 2,429,526
SHAREHOLDERS' FUNDS |  |  | 1,489,527 |  | 2,429,626

Page 1
Page 2
Innovalab Limited
Balance Sheet (continued)
As At 31 December 2025
For the year ending 31 December 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.
The financial statements were approved by the board of directors on 21 July 2026 and were signed on its behalf by:

J R Christianson Director
21st July 2026

The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Innovalab Limited
Notes to the Financial Statements
For The Year Ended 31 December 2025
Notes to the Financial Statements
1. General Information
Innovalab Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13603197 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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:

Motor Vehicles | 25% reducing balance
Computer Equipment | straight line over 3 years

3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 5)
6 5
4. Tangible Assets

| Plant & Machinery etc.
--- | ---
| £
Cost
As at 1 January 2025 | 60,817
Additions | 6,288
As at 31 December 2025 | 67,105
Depreciation
As at 1 January 2025 | 12,046
Provided during the period | 15,512
As at 31 December 2025 | 27,558
Net Book Value
As at 31 December 2025 | 39,547
As at 1 January 2025 | 48,771

Page 3
Page 4
Innovalab Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 139,037 |  | 226,912
Other debtors | 1,030,497 |  | 828,150
| 1,169,534 |  | 1,055,062

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Other creditors | 41,796 |  | 29,839
Taxation and social security | 267,146 |  | 167,214
| 308,942 |  | 197,053

7. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100 |  | 100

8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 5,432 |  | 7,989
Later than one year and not later than five years | 2,972 |  | 8,404
| 8,404 |  | 16,393

9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 January 2025 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 December 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr James Christianson | 479,088 | - | 15,990 | - | 463,098
Mr Matthew Christianson | 339,360 | - | 107,215 | - | 232,145

The above loans are unsecured, repayable on demand and interest is charged at the official rate.
Page 4