Innovalab Limited

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

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

The notes on pages 3 to 4 form part of these 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)

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.