Company registration number 11650820 (England and Wales)
Innovation Funding Specialists Limited
Unaudited Financial Statements
For the year ended 31 October 2025
Innovation Funding Specialists Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Innovation Funding Specialists Limited
Statement Of Financial Position
As at 31 October 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
6,277
Current assets
Debtors
4
2,500
100
Cash at bank and in hand
2,634
5,134
100
Creditors: amounts falling due within one year
5
(5,762)
Net current (liabilities)/assets
(628)
100
Net assets
5,649
100
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
5,549
Total equity
5,649
100
For the financial year ended 31 October 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 31 July 2026
Mr C M Fox
Director
Company registration number 11650820 (England and Wales)
Innovation Funding Specialists Limited
Notes to the financial statements
For the year ended 31 October 2025
- 2 -
1
Accounting policies
Company information
Innovation Funding Specialists Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o DJH Chester City, Military House, 24 Castle Street, Chester, Cheshire, United Kingdom, CH1 2DS.
1.1
Basis of preparation
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
1.3
Intangible fixed assets other than goodwill
Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Software
20% straight line
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
1
1
Innovation Funding Specialists Limited
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 3 -
3
Intangible fixed assets
Other
£
Cost
At 1 November 2024
Additions
6,800
At 31 October 2025
6,800
Amortisation and impairment
At 1 November 2024
Amortisation charged for the year
523
At 31 October 2025
523
Carrying amount
At 31 October 2025
6,277
At 31 October 2024
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
2,400
Other debtors
100
100
2,500
100
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
4,162
Other creditors
1,600
5,762