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
Innovative Commerce Ltd
Statement of financial position
as at 11 May 2026
Tangible assets
2,939
3,355
Cash at bank and in hand
27,877
33,589
Creditors: amounts falling due within one year
(45,129)
(35,436)
Net current assets
28,648
31,093
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
Innovative Commerce Ltd
Notes to the Accounts
for the year ended 11 May 2026
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Amounts falling due within one year
Trade debtors
45,900
32,940
Innovative Commerce Ltd
Notes to the Accounts
for the year ended 11 May 2026
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
22,071
20,232
Other creditors
22,844
11,251
7
Average number of employees
During the year the average number of employees was 2 (2025: 2).