INNOVATION TAX SPECIALISTS LIMITED Financials
- Company number
- 11500283Copy
Copy - Registered office
- 1 Kings Avenue, London N21 3NA
- Incorporated
- 03/08/2018
Company snapshot
- Status
- Active
- Employees
- 4 (2024)
- Latest financial data
- 2024
- Accounts type
- Micro Entity
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
-22.95%vs 20232023: £119.66K
Total Assets
-10.08%vs 20232023: £221.09K
Total Liabilities
5.10%vs 20232023: £101.43K
Employees
-2vs 20232023: 6
In 2024, INNOVATION TAX SPECIALISTS LIMITED reported net assets of £92.20K. The same filing shows total assets of £198.80K and total liabilities of £106.60K. Reported headcount was 4 in 2024. Net Assets fell from £119.66K in 2023 to £92.20K in 2024 (-22.95%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-22.95%from £119.66K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures INNOVATION TAX SPECIALISTS LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-23.1%vs 2022-12.3% a year compound (CAGR)
Total Assets
-17.3%vs 2022-9.1% a year compound (CAGR)
Total Liabilities
-11.6%vs 2022-6% a year compound (CAGR)
Employees
-20%vs 2022-1Biggest decrease
Net Assets-23.1%
£119.82K in 2022 to £92.20K in 2024
Every indicator Okredo holds for INNOVATION TAX SPECIALISTS LIMITED fell between 2022 and 2024. The steepest fall came in net assets, pointing to a weakening balance sheet, with total assets, total liabilities and employee numbers falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from INNOVATION TAX SPECIALISTS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 46.38%2024
- Liabilities to total assets
- 53.62%2024
Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for INNOVATION TAX SPECIALISTS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 125.66K | 119.82K | 119.66K | 92.20K |
| Total Assets£ | 242.89K | 240.44K | 221.09K | 198.80K |
| Cash in Bank£ | – | – | – | – |
| Total Liabilities£ | 117.23K | 120.62K | 101.43K | 106.60K |
| Employees | 5 | 5 | 6 | 4 |
INNOVATION TAX SPECIALISTS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Has INNOVATION TAX SPECIALISTS LIMITED filed financial statements?
Yes. Okredo holds filed figures for INNOVATION TAX SPECIALISTS LIMITED covering 2021–2024, across 4 reported indicators. The most recent reported year is 2024.
What net assets did INNOVATION TAX SPECIALISTS LIMITED report in 2024?
INNOVATION TAX SPECIALISTS LIMITED reported net assets of £92.20K for 2024. That compares with £119.66K in 2023, a change of -22.95%.
What total assets did INNOVATION TAX SPECIALISTS LIMITED report in 2024?
INNOVATION TAX SPECIALISTS LIMITED reported total assets of £198.80K for 2024. That compares with £221.09K in 2023, a change of -10.08%.
What total liabilities did INNOVATION TAX SPECIALISTS LIMITED report in 2024?
INNOVATION TAX SPECIALISTS LIMITED reported total liabilities of £106.60K for 2024. That compares with £101.43K in 2023, a change of 5.10%.
How many people does INNOVATION TAX SPECIALISTS LIMITED employ?
INNOVATION TAX SPECIALISTS LIMITED reported 4 employees in 2024, compared with 6 in 2023.
How have INNOVATION TAX SPECIALISTS LIMITED financials changed over the last 3 years?
Between 2022 and 2024, INNOVATION TAX SPECIALISTS LIMITED's net assets fell by 23.1%, total assets fell by 17.3%, total liabilities fell by 11.6% and employee numbers fell by 20%. Net assets contracted at 12.3% a year across the two years to 2024, from £119.82K to £92.20K. Reported headcount went from 5 in 2022 to 4 in 2024 (-1).
Which years of INNOVATION TAX SPECIALISTS LIMITED financial data are available?
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.