Innoworld Limited

Innoworld Limited is a small, active company based in Edgware, UK, founded seven years ago in December 2017. It’s a solo-founded operation with one director and owner, Razmeen Ahmad, and holds a real registered address. The company operates in the retail sale via mail order houses or via internet industries.

The company’s website, Innoworld Limited, showcases a range of products, though specific details about its offerings are limited. It appears to be an e-commerce business, but the site lacks a clear brand identity or detailed product descriptions. The site is functional, but it could benefit from a more polished design and enhanced product information.

Financially, Innoworld Limited shows a mixed picture. While turnover remained steady at £13,000, net assets declined by 12% to -£29,000. Bank borrowings decreased significantly, falling by 100% to zero, which is a positive sign. However, creditors also decreased, suggesting the company is managing its debts. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) helps it stay nimble, but the negative equity is a concern. With no auditor mentioned (likely exempt as a small company), the figures rely on unaudited statements.

The company's financial data indicates a challenging situation. Accumulated depreciation impairment property plant equipment increased by 300%, suggesting increased wear and tear on equipment. Average number of employees during the period remained at zero, indicating a lean operation. The company's financial statements are prepared in accordance with Financial Reporting Standard 102.

Registered in England/Wales under the registration number 11114043, with a registered address at HA8 0DW, England, Edgware, 10 Montrose Avenue.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.