Innovative Technologies and Solutions LtdDissolved
Registered name: INNOVATIVE TECHNOLOGIES AND SOLUTIONS LTD
Innovative Technologies and Solutions Ltd made £48k revenue and £718 profit in the year to 31 May 2024.
Innovative Technologies and Solutions Ltd’s revenue grew 82% to £48k in the year to 31 May 2024, with £718 profit and 1 employee. We hold 3 years of its filed accounts. It is no longer on the Companies House register.
- Status
- Dissolved
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £26.5k | £48k |
| Profit after tax | — | −£1.7k | £718 |
| Profit (best available) | — | −£1.7k | £718 |
| Staff costs | — | £7.3k | £7.9k |
| Employees (average) | 1 | 1 | 1 |
| Ratios | |||
| Profit margin | — | −6.6% | 1.5% |
| Revenue per employee | — | £26.5k | £48k |
| Profit per employee | — | −£1.7k | £718 |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲81.6% |
| Headcount growth | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £19.7k | £1.7k | −£1.3k |
| Current assets | £3.6k | £6.3k | £7.2k |
| Source | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2023 | FullAccounts · bulk data Mar 2025 |
How the business works
- Profit margin
- 1.5%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £48k
- Revenue ÷ average employees.
- Profit per employee
- £718
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼173%
- Now −£1.3k
- Cash at bank
- —
- Now —
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 May 2024 (profit £718), from the Companies House accounts bulk data published Mar 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.