Company Registration No. 11645199 (England and Wales)
Inovattec Ltd
Unaudited accounts
for the year ended 31 December 2025
Inovattec Ltd
Unaudited accounts
Contents
Inovattec Ltd
Company Information
for the year ended 31 December 2025
Directors
Mr Borja Del Castillo Ramirez
Mr Pedro Schirmer
Company Number
11645199 (England and Wales)
Registered Office
71-75 Shelton Street
Convent Garden
London
WC2H 9JQ
England
Accountants
Platts
Unit 5 Swaker Yard
2b Theobald Street
Herts
WD6 4SE
Inovattec Ltd
Statement of financial position
as at 31 December 2025
Intangible assets
266,438
22,849
Tangible assets
4,268
7,143
Cash at bank and in hand
15,220,999
15,030,858
Creditors: amounts falling due within one year
(64,431)
(58,542)
Net current assets
15,156,568
15,388,478
Net assets
15,427,274
15,418,470
Called up share capital
5,740
5,740
Capital redemption reserve
4,260
4,260
Profit and loss account
15,417,274
15,408,470
Shareholders' funds
15,427,274
15,418,470
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 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 8 September 2026 and were signed on its behalf by
Mr Borja Del Castillo Ramirez
Director
Company Registration No. 11645199
Inovattec Ltd
Notes to the Accounts
for the year ended 31 December 2025
Inovattec Ltd is a private company, limited by shares, registered in England and Wales, registration number 11645199. The registered office is 71-75 Shelton Street, Convent Garden, London, WC2H 9JQ, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Computer equipment
25% straight line basis
Inovattec Ltd
Notes to the Accounts
for the year ended 31 December 2025
4
Intangible fixed assets
Other
At 31 December 2025
302,389
Charge for the year
30,239
At 31 December 2025
35,951
At 31 December 2025
266,438
At 31 December 2024
22,849
5
Tangible fixed assets
Computer equipment
At 31 December 2025
12,976
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
59,181
-
Inovattec Ltd
Notes to the Accounts
for the year ended 31 December 2025
Allotted, called up and fully paid:
5,740 Ordinary shares of £1 each
5,740
5,740
9
Transactions with related parties
The directors' indirectly own the majority of the company's entire issued share capital.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).