ACCOUNTS - Final Accounts preparation

Creditors: Amounts falling due within one year

31 October 2025

31 March 2025

Company registration number: 11895205

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE PERIOD ENDED 31 OCTOBER 2025

	SKYSPARC CAPITAL MARKETS LTD (FORMERLY INOVOTEK SOLUTIONS LTD)


SKYSPARC CAPITAL MARKETS LTD

COMPANY INFORMATION

Directors	K Ait Yahia
	W Y I Kwok (appointed on 25 August 2026)


Registered number	11895205


Registered office	214 The Frames
	2nd Floor Phipp Street
	London
	England
	EC2A 4PS


Accountants	Menzies LLP
	Chartered Accountants
	2nd Floor, Origin One
	108 High Street
	Crawley
	RH10 1BD


SKYSPARC CAPITAL MARKETS LTD

CONTENTS

	Page
Statement of financial position	1 - 2
Notes to the financial statements	3 - 6


SKYSPARC CAPITAL MARKETS LTD REGISTERED NUMBER:11895205

STATEMENT OF FINANCIAL POSITION

AS AT 31 OCTOBER 2025


	31 October 2025	31 March 2025
Note	£	£

Fixed assets
Tangible assets	4		1,298		2,637
			1,298		2,637
Current assets
Debtors: amounts falling due within one year	5	905,516		1,061,233
Cash at bank and in hand		77,676		40,484
		983,192		1,101,717
Creditors: amounts falling due within one year	6	(980,731)		(1,091,519)
Net current assets			2,461		10,198
Total assets less current liabilities			3,759		12,835
Creditors: amounts falling due after more than one year	7		(4,167)		(9,819)

Net (liabilities)/assets			(408)		3,016

Capital and reserves
Allotted, called up, and fully paid share capital	1	1
Profit and loss account	(409)	3,015
	(408)	3,016

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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.

Page 1


SKYSPARC CAPITAL MARKETS LTD REGISTERED NUMBER:11895205

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 OCTOBER 2025

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

K Ait Yahia

Director

Date: 11 September 2026

The notes on pages 3 to 6 form part of these financial statements.

Page 2


SKYSPARC CAPITAL MARKETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

1.	General information

Skysparc Capital Markets Ltd is a private company limited by shares incorporated in England and Wales. The registered office and trading address is disclosed on the company information page.

Subsequent to the period end, the company was sold to new owners on 20 November 2025. Inovotek Solutions Ltd changed its name to Skysparc Capital Markets Ltd on 30 January 2026.

The company's accounting reference date was shortened from 31 March 2026 to 31 October 2025 to coincide with the change in ownership.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

As shown in the statement of financial position, the company had net liabilities of £408 as at 31 October 2025 (31 March 2025: net assets of £3,016).

The directors consider the company to be a going concern and are satisfied that it will continue to meet its liabilities as they fall due, with the ongoing financial support of its new owners. Accordingly, the financial statements have been prepared on a going concern basis.

2.3

Revenue

Revenue is derived from consultancy services and is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3


SKYSPARC CAPITAL MARKETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

2.Accounting policies (continued)

2.5

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Office equipment	-	33%
				Computer equipment	-	33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the period was 6 (31 March 2025 - 6).

Page 4


SKYSPARC CAPITAL MARKETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

4.	Tangible fixed assets

	Office equipment	Computer equipment	Total
	£	£	£
Cost or valuation
At 1 November 2024	4,975	3,608	8,583
At 31 October 2025	4,975	3,608	8,583
Depreciation
At 1 November 2024	3,174	2,772	5,946
Charge for the year	850	489	1,339
At 31 October 2025	4,024	3,261	7,285
Net book value
At 31 October 2025	951	347	1,298
At 31 March 2025	1,801	836	2,637

Debtors

					31 October 2025	31 March 2025
					£	£


Trade debtors	737,319	907,441
Other debtors	59,057	43,348
Prepayments and accrued income	109,140	110,444
	905,516	1,061,233

Page 5


SKYSPARC CAPITAL MARKETS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 OCTOBER 2025

Bank overdrafts	1,497	65,797
Bank loans	10,000	10,000
Trade creditors	103,516	183,617
Corporation tax	141,776	97,000
Other taxation and social security	13,278	13,762
Invoice financing	674,749	716,129
Other creditors	1,299	1,214
Accruals and deferred income	34,616	4,000
	980,731	1,091,519

Included within creditors are balances of £674,749 (31 March 2025 - £716,129), which are subject to a fixed, floating and negative pledge charge, against all present and future freehold and leasehold land and intellectual property.

7.	Creditors: Amounts falling due after more than one year
		31 October 2025	31 March 2025
		£	£

Bank loans	4,167	9,819
	4,167	9,819

	Not later than 1 year	-	64,208
		-	64,208

Page 6