Company Registration No. 11403542 (England and Wales)
Inardua Consulting Limited
Unaudited accounts
for the year ended 31 March 2023
Inardua Consulting Limited
Unaudited accounts
Contents
Inardua Consulting Limited
Company Information
for the year ended 31 March 2023
Directors
Joshua Malcolm
Rowan Malcolm
Company Number
11403542 (England and Wales)
Registered Office
Unit 1D
Spillmans Court
Stroud
Glos
GL5 3RU
England
Inardua Consulting Limited
Statement of financial position
as at 31 March 2023
Tangible assets
10,544
3,675
Cash at bank and in hand
655,989
57,394
Creditors: amounts falling due within one year
(521,734)
(98,935)
Net current assets
166,750
49,299
Total assets less current liabilities
177,294
52,974
Creditors: amounts falling due after more than one year
(20,667)
(28,683)
Called up share capital
1
1
Profit and loss account
156,626
24,290
Shareholders' funds
156,627
24,291
For the year ending 31 March 2023 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.
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 16 November 2023 and were signed on its behalf by
Joshua Malcolm
Director
Company Registration No. 11403542
Inardua Consulting Limited
Notes to the Accounts
for the year ended 31 March 2023
Inardua Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 11403542. The registered office is Unit 1D, Spillmans Court, Stroud, Glos, GL5 3RU, England.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of services is recognised as those services are provided to customers. Income invoiced in advance is included as part of other creditors.
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:
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
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.
Inardua Consulting Limited
Notes to the Accounts
for the year ended 31 March 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2022
1,403
4,912
6,315
Additions
2,275
8,614
10,889
At 31 March 2023
3,678
13,526
17,204
At 1 April 2022
1,280
1,360
2,640
Charge for the year
881
3,139
4,020
At 31 March 2023
2,161
4,499
6,660
At 31 March 2023
1,517
9,027
10,544
At 31 March 2022
123
3,552
3,675
Amounts falling due within one year
Accrued income and prepayments
4,360
458
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
8,000
7,988
Trade creditors
17,736
2,591
Taxes and social security
109,475
25,099
Other creditors
264,079
499
Loans from directors
60,275
28,673
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
Inardua Consulting Limited
Notes to the Accounts
for the year ended 31 March 2023
9
Operating lease commitments
2023
2022
At 31 March 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
5,280
Later than one year and not later than five years
9,360
-
10
Transactions with related parties
During the year the directors received the following:-
J Malcolm
Remuneration £9,500 (£9,500 2022)
Pension payments £Nil (£Nil 2022)
Benefits in kind £330 (£Nil 2022)
Dividends £161,000 (£70,000 2022)
R Malcolm
Remuneration £50,000 (£39,514 2022)
Pension payments £4,581 (£2,581 2022)
Benefits in kind £330 (£Nil 2022)
Dividends £69,000 (£30,000 2022)
11
Average number of employees
During the year the average number of employees was 13 (2022: 4).