Innovation Cleans Ltd

Innovation Cleans Ltd

INNOVATION CLEANS LTD - Company Information

Print Friendly Version

2 February 2021 false No description of principal activity Taxfiler 2022.8.3 true SC687916business:PrivateLimitedCompanyLtd2021-02-022022-02-28 SC6879162021-02-01 SC6879162021-02-022022-02-28 SC687916business:AuditExemptWithAccountantsReport2021-02-022022-02-28 SC687916business:FullAccounts2021-02-022022-02-28 SC6879162022-02-28 SC687916business:Director12021-02-022022-02-28 SC687916business:RegisteredOffice2021-02-022022-02-28 SC6879162021-02-28 SC687916core:WithinOneYear2022-02-28 SC687916core:WithinOneYear2021-02-28 SC687916core:RetainedEarningsAccumulatedLosses2022-02-28 SC687916core:RetainedEarningsAccumulatedLosses2021-02-28 SC687916business:SmallEntities2021-02-022022-02-28 SC687916countries:Scotland2021-02-022022-02-28 SC687916core:PlantMachinery2021-02-022022-02-28 SC687916core:FurnitureFittings2021-02-022022-02-28 SC687916core:ComputerEquipment2021-02-022022-02-28 SC687916core:PlantMachinery2021-02-01 SC687916core:FurnitureFittings2021-02-01 SC687916core:ComputerEquipment2021-02-01 SC687916core:PlantMachinery2022-02-28 SC687916core:FurnitureFittings2022-02-28 SC687916core:ComputerEquipment2022-02-28 SC6879162020-03-012021-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC687916 (Scotland)
Innovation Cleans Ltd Unaudited accounts for the period from 2 February 2021 to 28 February 2022
Innovation Cleans Ltd Unaudited accounts Contents
Page
- 2 -
Innovation Cleans Ltd Company Information for the period from 2 February 2021 to 28 February 2022
Director
Shelby Cameron
Company Number
SC687916 (Scotland)
Registered Office
272 Bath Street Glasgow G2 4JR Scotland
Accountants
Calculo Ltd Red Tree Magenta 270 Glasgow Road Glasgow G73 1SA
- 3 -
Innovation Cleans Ltd Statement of financial position as at 28 February 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
548 
- 
Current assets
Inventories
500 
- 
Cash at bank and in hand
114 
- 
614 
- 
Creditors: amounts falling due within one year
5
(19,377)
- 
Net current liabilities
(18,763)
- 
Net liabilities
(18,215)
- 
Capital and reserves
Profit and loss account
(18,215)
- 
Shareholders' funds
(18,215)
- 
For the period ending 28 February 2022 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 director acknowledges her 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 and authorised for issue on 23 August 2022 and were signed on its behalf by
Shelby Cameron Director Company Registration No. SC687916
- 4 -
Innovation Cleans Ltd Notes to the Accounts for the period from 2 February 2021 to 28 February 2022
1
Statutory information
Innovation Cleans Ltd is a private company, limited by shares, registered in Scotland, registration number SC687916. The registered office is 272 Bath Street, Glasgow, G2 4JR, Scotland.
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 period, 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:
Plant & machinery
10% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
20% Reducing Balance
Going concern
The COVID-19 pandemic has developed rapidly in 2020, with a significant number of cases. Measures taken by various governments to contain the virus have affected economic activity. We have taken a number of measures to monitor and mitigate the effects of COVID-19, such as safety and health measures for our people (such as social distancing and working from home) and securing the supply of materials that are essential to our service delivery. At this stage, the impact on our business and results has not been significant and results have in fact been positive. As we operate in the Cleaning sector we have found increased demand for our services and expect this to continue. We will continue to follow the various government policies and advice and, in parallel, we will do our utmost to continue our operations in the best and safest way possible without jeopardising the health of our people. Even if, at this moment, no uncertainty about the entity's ability to continue as a going concern is identified, this can change at short notice and we have prioritised our liquidity position and growth in working capital within our financial KPI's to mitigate the risks.
- 5 -
Innovation Cleans Ltd Notes to the Accounts for the period from 2 February 2021 to 28 February 2022
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 2 February 2021
- 
- 
- 
- 
Additions
444 
53 
125 
622 
At 28 February 2022
444 
53 
125 
622 
Depreciation
Charge for the period
44 
5 
25 
74 
At 28 February 2022
44 
5 
25 
74 
Net book value
At 28 February 2022
400 
48 
100 
548 
5
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Taxes and social security
1,730 
- 
Other creditors
755 
- 
Loans from directors
16,892 
- 
19,377 
- 
6
Average number of employees
During the period the average number of employees was 10 (2021: 0).
- 6 -