0 0 0 0 0 31/01/2023 2023-01-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-02-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 5377688 2022-02-01 2023-01-31 5377688 2023-01-31 5377688 2021-02-01 2022-01-31 5377688 2022-01-31 5377688 2021-01-31 5377688 bus:Director2 2022-02-01 2023-01-31 5377688 core:RetainedEarningsAccumulatedLosses 2021-02-01 2022-01-31 5377688 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 5377688 core:ShareCapital 2023-01-31 5377688 core:ShareCapital 2022-01-31 5377688 core:RetainedEarningsAccumulatedLosses 2023-01-31 5377688 core:RetainedEarningsAccumulatedLosses 2022-01-31 5377688 core:ShareCapital 2021-01-31 5377688 core:RetainedEarningsAccumulatedLosses 2021-01-31 5377688 core:CostValuation core:Non-currentFinancialInstruments 2023-01-31 5377688 core:Non-currentFinancialInstruments 2023-01-31 5377688 core:Non-currentFinancialInstruments 2022-01-31 5377688 bus:SmallEntities 2022-02-01 2023-01-31 5377688 bus:AuditExempt-NoAccountantsReport 2022-02-01 2023-01-31 5377688 bus:FullAccounts 2022-02-01 2023-01-31 5377688 bus:SmallCompaniesRegimeForAccounts 2022-02-01 2023-01-31 5377688 bus:PrivateLimitedCompanyLtd 2022-02-01 2023-01-31 5377688 1 2022-02-01 2023-01-31
Company registration number: 5377688
Inline UK Group Limited
Unaudited filleted financial statements
31 January 2023
Inline UK Group Limited
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Inline UK Group Limited
Statement of financial position
31 January 2023
2023 2022
Note £ £ £ £
Fixed assets
Investments 4 2,500,000 2,500,000
_______ _______
2,500,000 2,500,000
Current assets
Debtors 5 100 100
_______ _______
100 100
Net current assets 100 100
_______ _______
Total assets less current liabilities 2,500,100 2,500,100
_______ _______
Net assets 2,500,100 2,500,100
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,500,000 2,500,000
_______ _______
Shareholders funds 2,500,100 2,500,100
_______ _______
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 25 October 2023 , and are signed on behalf of the board by:
Mr J C Aldred
Director
Company registration number: 5377688
Inline UK Group Limited
Statement of changes in equity
Year ended 31 January 2023
Called up share capital Profit and loss account Total
£ £ £
At 1 February 2021 100 2,538,369 2,538,469
Profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
Dividends paid and payable ( 38,369) ( 38,369)
_______ _______ _______
Total investments by and distributions to owners - ( 38,369) ( 38,369)
_______ _______ _______
At 31 January 2022 and 1 February 2022 100 2,500,000 2,500,100
Profit for the year - -
_______ _______ _______
Total comprehensive income for the year - - -
_______ _______ _______
At 31 January 2023 100 2,500,000 2,500,100
_______ _______ _______
Inline UK Group Limited
Notes to the financial statements
Year ended 31 January 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Office Ff10, Brooklands House, Marlborough Road, Lancing, West Sussex, BN15 8AF.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in group undertakings and participating interests Total
£ £
Cost
At 1 February 2022 and 31 January 2023 2,500,000 2,500,000
_______ _______
Impairment
At 1 February 2022 and 31 January 2023 - -
_______ _______
Carrying amount
At 31 January 2023 2,500,000 2,500,000
_______ _______
At 31 January 2022 2,500,000 2,500,000
_______ _______
5. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 100 100
_______ _______
6. Controlling party
The company is under the control of the C Pickering, the director and shareholder of the company.