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REGISTERED NUMBER: 11783523 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2022

for

In-Spec Holdings Limited

In-Spec Holdings Limited (Registered number: 11783523)






Contents of the Financial Statements
for the Year Ended 30th June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


In-Spec Holdings Limited

Company Information
for the Year Ended 30th June 2022







DIRECTORS: A Wild
L Wild





REGISTERED OFFICE: Slipways
Dockside Road
Middlesborough
TS3 8AT





REGISTERED NUMBER: 11783523 (England and Wales)






In-Spec Holdings Limited (Registered number: 11783523)

Balance Sheet
30th June 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,061,547 1,079,987
Investments 5 120 100
1,061,667 1,080,087

CURRENT ASSETS
Debtors 6 204,100 43,374
Cash at bank 13,157 42,177
217,257 85,551
CREDITORS
Amounts falling due within one year 7 (35,616 ) (29,029 )
NET CURRENT ASSETS 181,641 56,522
TOTAL ASSETS LESS CURRENT LIABILITIES 1,243,308 1,136,609

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,243,206 1,136,507
1,243,308 1,136,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

In-Spec Holdings Limited (Registered number: 11783523)

Balance Sheet - continued
30th June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th June 2023 and were signed on its behalf by:





A Wild - Director


In-Spec Holdings Limited (Registered number: 11783523)

Notes to the Financial Statements
for the Year Ended 30th June 2022

1. STATUTORY INFORMATION

In-Spec Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

INVESTMENTS IN SUBSIDIARIES
Investments in subsidiary undertakings are recognised at cost.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

In-Spec Holdings Limited (Registered number: 11783523)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2022

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1st July 2021
and 30th June 2022 1,105,804
DEPRECIATION
At 1st July 2021 25,817
Charge for year 18,440
At 30th June 2022 44,257
NET BOOK VALUE
At 30th June 2022 1,061,547
At 30th June 2021 1,079,987

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st July 2021 100
Additions 20
At 30th June 2022 120
NET BOOK VALUE
At 30th June 2022 120
At 30th June 2021 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 27,774
Other debtors 204,100 15,600
204,100 43,374

In-Spec Holdings Limited (Registered number: 11783523)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 16,566 -
Taxation and social security 15,071 9,859
Other creditors 3,979 19,170
35,616 29,029

8. RELATED PARTY DISCLOSURES

Included within management fees are £7,000 (2021: £33,000) from In-Spec Manufacturing Limited, a company which is controlled by In-Spec Holdings Limited.

Included within rental income is £28,500 (2021: £43,750) from In-Spec Manufacturing Limited, a company which is controlled by In-Spec Holdings Limited.

Included within other debtors is £44,106 (2021: £15,600) due from In-Spec Manufacturing Limited, a company which is controlled by In-Spec Holdings Limited.

Included within other creditors are £2,585 (2021: £Nil) due to In-Spec Manufacturing Limited, a company which is controlled by In-Spec Holdings Limited.