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REGISTRAR OF COMPANIES

Registration number: 05719837

Inox Design Limited

Unaudited Financial Statements

28 February 2023

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Inox Design Limited

Contents

Accountants' Report

1

Balance Sheet

2

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Inox Design Limited
for the Year Ended 28 February 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inox Design Limited for the year ended 28 February 2023 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Inox Design Limited, as a body, in accordance with the terms of our engagement letter dated 15 September 2020. Our work has been undertaken solely to prepare for your approval the accounts of Inox Design Limited and state those matters that we have agreed to state to the Board of Directors of Inox Design Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inox Design Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Inox Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Inox Design Limited. You consider that Inox Design Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Inox Design Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

6 November 2023

 

Inox Design Limited

(Registration number: 05719837)
Balance Sheet as at 28 February 2023

2023
£

2022
£

Fixed assets

 

3,511

4,275

Current assets

 

117,724

169,855

Prepayments and accrued income

 

1,382

1,260

Creditors: Amounts falling due within one year

 

(10,158)

(1,549)

Net current assets

 

108,948

169,566

Total assets less current liabilities

 

112,459

173,841

Accruals and deferred income

 

(2,000)

(2,440)

   

110,459

171,401

Capital and reserves

 

110,459

171,401

 

Inox Design Limited

(Registration number: 05719837)
Balance Sheet as at 28 February 2023 (continued)

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

3

Related party transactions

Transactions with directors

2023

At 1 March 2022
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 28 February 2023
£

D J Yates

Loan

50,412

36,824

(9,933)

(41,000)

1,110

37,413

             
         

L Yates

Loan

16,237

18,358

(121)

(26,000)

316

8,790

             
         

 

2022

At 1 March 2021
£

Advances
£

Repayments
£

Dividends credited
£

Interest
£

At 28 February 2022
£

D J Yates

Loan

-

91,188

(4,584)

(36,500)

308

50,412

             
         

L Yates

Loan

15,562

28,474

(2,161)

(26,075)

437

16,237

             
         

 

Directors' advances are repayable on demand.

Interest has been charged at 2% on advances to directors.

 

Inox Design Limited

(Registration number: 05719837)
Balance Sheet as at 28 February 2023 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 6 November 2023 and signed on its behalf by:
 

.........................................
L Yates
Company secretary and director

.........................................
D J Yates
Director