Company Registration No. 04450826 (England and Wales)
Inhouse Corporate Services Limited
Unaudited accounts
for the year ended 30 June 2022
Inhouse Corporate Services Limited
Unaudited accounts
Contents
Inhouse Corporate Services Limited
Company Information
for the year ended 30 June 2022
Directors
Mr J B Pilkington
Miss M Nezdulkina
Company Number
04450826 (England and Wales)
Registered Office
Barry House, 32 The Courtyard
Maisies Way
The Village
Derbyshire
DE55 2DS
Accountants
Add-itions Accountancy Solutions
321 Main Street
Calverton
Nottingham
Nottinghamshire
NG14 6LT
Inhouse Corporate Services Limited
Statement of financial position
as at 30 June 2022
Tangible assets
86,546
95,797
Cash at bank and in hand
91,823
75,259
Creditors: amounts falling due within one year
(337,030)
(457,312)
Net current assets
145,257
81,561
Total assets less current liabilities
231,803
177,358
Creditors: amounts falling due after more than one year
(188,695)
(366,700)
Net assets/(liabilities)
43,108
(189,342)
Called up share capital
100
100
Profit and loss account
43,008
(189,442)
Shareholders' funds
43,108
(189,342)
For the year ending 30 June 2022 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by
Mr J B Pilkington
Director
Company Registration No. 04450826
Inhouse Corporate Services Limited
Notes to the Accounts
for the year ended 30 June 2022
Inhouse Corporate Services Limited is a private company, limited by shares, registered in England and Wales, registration number 04450826. The registered office is Barry House, 32 The Courtyard, Maisies Way, The Village, Derbyshire, DE55 2DS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales of goods and services, excluding value added tax.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% on reducing balance
Computer equipment
33% on reducing balance
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Inhouse Corporate Services Limited
Notes to the Accounts
for the year ended 30 June 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Total
5
Tangible fixed assets
Total
Charge for the year
30,847
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B Shares of £1 each
50
50
Inhouse Corporate Services Limited
Notes to the Accounts
for the year ended 30 June 2022
Included within debtors are director's current account balances
Mr JB Pilkington has a balance of £269,493 (2021 £266,950) which represents cash withdrawn in excess of monies introduced. During the year the maximum amount overdrawn was £537,493 (2021 £473,995)
Miss M Nezdulkina has a balance of £177,570 which represents cash withdrawn in excess of monies introduced. During the year the maximum amount overdrawn was £177,570.
8
Transactions with related parties
During the year, total dividends of £268,000 (2021 £250,000) were paid to directors.
The company is controlled by Mr JB Pilkington by virtue of his shareholding.
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Average number of employees
During the year the average number of employees was 215 (2021: 200).