Innovation Developments (London) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11504666 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2020

FOR

INNOVATION DEVELOPMENTS (LONDON) LTD

Page

Statement of Financial Position

1

FIXED ASSETS

81,076

88,432

CURRENT ASSETS

242,129

99,463

CREDITORS

Amounts falling due within one year

(197,321

)

(154,669

)

NET CURRENT ASSETS/(LIABILITIES)

44,808

(55,206

)

TOTAL ASSETS LESS CURRENT LIABILITIES

125,884

33,226

CREDITORS

Amounts falling due after more than one year

63,409

9,215

NET ASSETS

62,475

24,011

CAPITAL AND RESERVES

62,475

24,011

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Innovation Developments (London) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11504666

Registered office:

Barclay House

35 Borough Road

Burton upon Trent

Staffordshire

DE14 2DA

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 2 (2019 - 1 ) .

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 August 2020 the balance on the directors loan account was £88,534 (2019: overdrawn by £42,450) and is included within Current Liabilities/Assets.

4.	OTHER FINANCIAL COMMITMENTS

As at 31 August 2020 the company has net obligations under finance leases totalling £17,808 (2019: £11,991) which are secured against the assets concerned.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2021 and were signed on its behalf by:

J W Broad - Director