INVENTIVE CONSULTANTS LIMITED

INVENTIVE CONSULTANTS LIMITED - Company Information

2022-04-012023-03-312023-03-31false04143686INVENTIVE CONSULTANTS 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Registered Number
04143686
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

INVENTIVE CONSULTANTS LIMITED

Company Information
for the year from 1 April 2022 to 31 March 2023


Directors	GARDINER, George Enderberg
	ROVETA, Chris John


Registered Address	M402 M402 Trident Business Centre
	89 Bickersteth Road
	London
	SW17 9SH


Registered Number	04143686 (England and Wales)

INVENTIVE CONSULTANTS LIMITED

Balance Sheet as at
31 March 2023

	Notes	2023		2022
		£	£	£	£
Fixed assets
Tangible assets	5		7,882		15,763
Investments	6		57,422		54,253
			65,304		70,016
Current assets
Debtors	8	10,386		59,896
Cash at bank and on hand		292,724		93,740
		303,110		153,636
Creditors amounts falling due within one year	9	(74,006)		(120,284)
Net current assets (liabilities)			229,104		33,352
Total assets less current liabilities			294,408		103,368
Creditors amounts falling due after one year	10		(971)		(24)
Net assets			293,437		103,344
Capital and reserves
Called up share capital			2,100		2,100
Revaluation reserve			23,416		20,247
Profit and loss account			267,921		80,997
Shareholders' funds			293,437		103,344

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Board of Directors on 1 December 2023, and are signed on its behalf by:

GARDINER, George Enderberg
Director
Registered Company No. 04143686

INVENTIVE CONSULTANTS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2023

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Office Equipment	4

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2023		2022
	Average number of employees during the year	4		4

5.	Property, plant and equipment

	Office Equipment	Total
	£	£
Cost or valuation
At 01 April 22	53,439	53,439
At 31 March 23	53,439	53,439
Depreciation and impairment
At 01 April 22	37,676	37,676
Charge for year	7,881	7,881
At 31 March 23	45,557	45,557
Net book value
At 31 March 23	7,882	7,882
At 31 March 22	15,763	15,763

6.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 April 22	54,253	54,253
Revaluations	3,169	3,169
At 31 March 23	57,422	57,422
Net book value
At 31 March 23	57,422	57,422
At 31 March 22	54,253	54,253

	Notes
	¹Other investments other than loans

7.	Directors advances, credits and guarantees

8.	Debtors

	2023	2022
	£	£
Trade debtors / trade receivables	10,386	-
Other debtors	-	59,896
Total	10,386	59,896


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

9.	Creditors within one year

	2023	2022
	£	£
Trade creditors / trade payables	3,558	3,426
Taxation and social security	60,249	42,079
Other creditors	8,200	72,778
Accrued liabilities and deferred income	1,999	2,001
Total	74,006	120,284


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

10.	Creditors after one year

	2023	2022
	£	£
Other creditors	971	24
Total	971	24