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REGISTERED NUMBER: 10467432 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2022

for

Inscope Projects Ltd

Inscope Projects Ltd (Registered number: 10467432)

Contents of the Financial Statements

for the Year Ended 30 November 2022

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

Inscope Projects Ltd

Company Information

for the Year Ended 30 November 2022

| DIRECTOR: | Ms S J Mcfarlane

| REGISTERED OFFICE: | 16 Cervantes Court

| Northwood

| Middlesex

| HA6 1AL

| REGISTERED NUMBER: | 10467432 (England and Wales)

Inscope Projects Ltd (Registered number: 10467432)

Statement of Financial Position

30 November 2022

| 30.11.22 |  | 30.11.21

| Notes | £ | £ |

CURRENT ASSETS

Debtors | 5 | 27,308 |  | 30,131 |  |

Cash at bank | 4 |  | - |  |

27,312 |  | 30,131 |  |

CREDITORS

Amounts falling due within one year | 6 | 5,577 |  | 7,400 |  |

NET CURRENT ASSETS | 21,735 |  | 22,731 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 21,735 |  | 22,731 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 25,215 |  | 24,597 |  |

NET LIABILITIES | (3,480 | ) | (1,866 | ) |

CAPITAL AND RESERVES

Called up share capital | 1 |  | 1 |  |

Retained earnings | (3,481 | ) | (1,867 | ) |

(3,480 | ) | (1,866 | ) |

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

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

The director acknowledges her 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.

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 director and authorised for issue on 4 October 2023 and were signed by:

Ms S J Mcfarlane - Director

Inscope Projects Ltd (Registered number: 10467432)

Notes to the Financial Statements

for the Year Ended 30 November 2022

1. | STATUTORY INFORMATION

| Inscope Projects Ltd 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. | STATEMENT OF COMPLIANCE

| 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.

3. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Critical accounting estimates and judgements

| No significant judgements have had to be made by the directors in preparing these financial statements.

| Turnover

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

| 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Inscope Projects Ltd (Registered number: 10467432)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2022

3. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

| Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

4. | EMPLOYEES AND DIRECTORS

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

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.22 |  | 30.11.21

£ | £ |

| Other debtors | 27,308 |  | 30,131 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.11.22 |  | 30.11.21

£ | £ |

| Trade creditors | - |  | 120 |  |

| Taxation and social security | 4,377 |  | 7,080 |  |

| Other creditors | 1,200 |  | 200 |  |

5,577 |  | 7,400 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.11.22 |  | 30.11.21

£ | £ |

| Other creditors | 25,215 |  | 24,597 |  |

| The Bounce Back Loan payable is unsecured, has a fixed interest rate of 2.5% and is repayable over 10 years, no capital or interest payments are payable in the first 12 months as covered by the HMRC Business Interruption Payment Scheme.

Inscope Projects Ltd (Registered number: 10467432)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2022

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

| 30.11.22 |  | 30.11.21

£ | £ |

| Ms S J Mcfarlane

| Balance outstanding at start of year | 20,442 |  | 21,335 |  |

| Amounts advanced | (2,774 | ) | (893 | ) |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 17,668 |  | 20,442 |  |

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Ms S J Mcfarlane.