Innovate Corporation Limited in Manchester, M17 1WD

Description

Data updated on: 01-11-2023

Innovate Corporation came into being in 2013 as a company enlisted under no 08561943, located at M17 1WD Manchester at Incom House Waterside. The company has been in business for 11 years and its status at the time is active. This company's declared SIC number is 81100 and has the NACE code: Combined facilities support activities. 2022-09-30 is the last time when the company accounts were filed.

On Monday 8th September 2014, the enterprise was seeking a Cleaner to fill a part time vacancy in Wigan, North West.

Jigme T. is this specific firm's individual director, who was designated to this position in 2016. The following firm had been managed by Rinchin T. up until May 2022. Additionally another director, specifically Jane M. gave up the position in November 2020.

The companies that control this firm are as follows: Tash Holdings Limited owns over 1/2 to 3/4 of company shares and has over 1/2 to 3/4 of voting rights. This business can be reached in Manchester at Waterside, Trafford Park, M17 1WD and was registered as a PSC under the registration number 12919971.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2014-06-30	2015-06-30	2016-03-31	2018-03-31	2019-03-31	2020-09-30	2021-09-30	2022-09-30
Currency
Net Worth	-757	37 190	76 447

Balance Sheet
Cash Bank On Hand				513 221	251 775	440 752	189 163	102 451
Current Assets	684 024	1 070 365	1 079 878	1 221 375	1 177 744	952 644	1 101 166	1 023 261
Debtors	578 208	752 673	1 001 917	685 009	902 824	488 747	888 858	897 665
Net Assets Liabilities				167 558	254 038	244 598	419 540	380 382
Other Debtors				35 989	116 195	107 603	75 417	55 486
Property Plant Equipment				82 365	85 698	85 351	130 800	101 302
Total Inventories				23 145	23 145	23 145	23 145	23 145
Cash Bank In Hand	105 816	307 846	54 816
Intangible Fixed Assets	191 101	169 868	153 943
Net Assets Liabilities Including Pension Asset Liability	-757	37 190	76 447
Stocks Inventory		9 846	23 145
Tangible Fixed Assets	32 794	118 484	132 507

Capital & Reserves
Called Up Share Capital	100	100	100
Profit Loss Account Reserve	-857	37 090	76 347
Shareholder Funds	-757	37 190	76 447

Other Financial Data
Accumulated Amortisation Impairment Intangible Assets				100 860	122 094	153 944	175 178	196 412
Accumulated Depreciation Impairment Property Plant Equipment				100 043	116 992	171 660	206 577	243 555
Additions Other Than Through Business Combinations Property Plant Equipment					42 767	54 393	80 366	19 865
Amounts Owed By Related Parties							523 668	557 973
Average Number Employees During Period					158	86	41	39
Bank Borrowings Overdrafts						50 000	144 301	241 590
Corporation Tax Payable				38 024	27 712	554	68 252	109 537
Creditors				1 242 368	1 097 245	50 000	144 301	241 590
Dividends Paid On Shares				111 475	90 241
Fixed Assets	223 895	288 352	286 450	193 840	175 939	143 742	167 957	117 225
Increase From Amortisation Charge For Year Intangible Assets					21 234	31 850	21 234	21 234
Increase From Depreciation Charge For Year Property Plant Equipment					31 564	54 692	34 917	39 099
Intangible Assets				111 475	90 241	58 391	37 157	15 923
Intangible Assets Gross Cost				212 335	212 335	212 335	212 335
Net Current Assets Liabilities	-224 652	757 469	740 290	-20 993	80 499	160 806	415 428	522 984
Other Creditors				1 021 522	877 768	579 723	374 461	184 535
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment					14 615	24		2 121
Other Disposals Property Plant Equipment					22 485	72		12 385
Other Taxation Social Security Payable				118 019	124 403	126 658	115 663	84 998
Property Plant Equipment Gross Cost				182 408	202 690	257 011	337 377	344 857
Provisions For Liabilities Balance Sheet Subtotal				5 289	2 400	9 950	19 544	18 237
Total Assets Less Current Liabilities	-757	1 045 821	1 026 740	172 847	256 438	304 548	583 385	640 209
Trade Creditors Trade Payables				64 803	67 362	84 903	85 565	30 164
Trade Debtors Trade Receivables				649 020	786 629	381 144	289 773	284 206
Creditors Due After One Year	774 250	998 228	935 529
Creditors Due Within One Year	908 676	312 896	339 588
Intangible Fixed Assets Additions	212 335
Intangible Fixed Assets Aggregate Amortisation Impairment	21 234	42 467	58 392
Intangible Fixed Assets Amortisation Charged In Period	21 234	21 233	15 925
Intangible Fixed Assets Cost Or Valuation	212 335	212 335	212 335
Number Shares Allotted	100	100	100
Par Value Share	1	1	1
Provisions For Liabilities Charges		10 403	14 764
Secured Debts		44 716	37 780
Share Capital Allotted Called Up Paid	100	100	100
Tangible Fixed Assets Additions	40 134	103 840	38 086
Tangible Fixed Assets Cost Or Valuation	40 134	143 974	182 060
Tangible Fixed Assets Depreciation	7 340	25 490	49 553
Tangible Fixed Assets Depreciation Charged In Period	7 340	18 150	24 063