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Company Registration No. 12314210 (England and Wales)
Innovative Commerce Ltd Unaudited accounts for the year ended 11 May 2026
Innovative Commerce Ltd Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Innovative Commerce Ltd Statement of financial position as at 11 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
2,939
3,355
Current assets
Debtors
5
45,900
32,940
Cash at bank and in hand
27,877
33,589
73,777
66,529
Creditors: amounts falling due within one year
6
(45,129)
(35,436)
Net current assets
28,648
31,093
Net assets
31,587
34,448
Capital and reserves
Called up share capital
2
2
Profit and loss account
31,585
34,446
Shareholders' funds
31,587
34,448
For the year ending 11 May 2026 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 June 2026 and were signed on its behalf by
Naveen Kumar Potti Murali Director Company Registration No. 12314210
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Innovative Commerce Ltd Notes to the Accounts for the year ended 11 May 2026
1
Statutory information
Innovative Commerce Ltd is a private company, limited by shares, registered in England and Wales, registration number 12314210. The registered office is 4 John Packer Drive, Donnington, Newbury, RG14 3AU, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 12 May 2025
3,394
Additions
577
At 11 May 2026
3,971
Depreciation
At 12 May 2025
39
Charge for the year
993
At 11 May 2026
1,032
Net book value
At 11 May 2026
2,939
At 11 May 2025
3,355
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
45,900
32,940
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Innovative Commerce Ltd Notes to the Accounts for the year ended 11 May 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
214
3,953
Taxes and social security
22,071
20,232
Other creditors
22,844
11,251
45,129
35,436
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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