IRIS Accounts Production v23.3.0.418 08388568 director 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083885682022-02-28083885682023-02-28083885682022-03-012023-02-28083885682021-02-28083885682021-03-012022-02-28083885682022-02-2808388568ns10:Originalns15:EnglandWales2022-03-012023-02-2808388568ns14:PoundSterlingns10:Original2022-03-012023-02-2808388568ns10:Originalns10:Director12022-03-012023-02-2808388568ns10:Original2022-03-012023-02-2808388568ns10:Original2023-02-2808388568ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2808388568ns10:Originalns10:SmallEntities2022-03-012023-02-2808388568ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-012023-02-2808388568ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2808388568ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2808388568ns10:Originalns10:FullAccounts2022-03-012023-02-2808388568ns10:Original12022-03-012023-02-2808388568ns10:CompanySecretary1ns10:Original2022-03-012023-02-2808388568ns10:Originalns10:RegisteredOffice2022-03-012023-02-2808388568ns10:Original2022-02-2808388568ns10:Originalns5:CurrentFinancialInstruments2023-02-2808388568ns10:Originalns5:CurrentFinancialInstruments2022-02-2808388568ns5:ShareCapitalns10:Original2023-02-2808388568ns5:ShareCapitalns10:Original2022-02-2808388568ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2808388568ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2808388568ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-012023-02-2808388568ns10:Originalns5:MotorVehicles2022-03-012023-02-2808388568ns10:Originalns5:ComputerEquipment2022-03-012023-02-2808388568ns10:Original2021-03-012022-02-2808388568ns10:Originalns5:NetGoodwill2022-02-2808388568ns10:Originalns5:NetGoodwill2023-02-2808388568ns10:Originalns5:NetGoodwill2022-02-2808388568ns10:Originalns5:MotorVehicles2022-02-2808388568ns10:Originalns5:ComputerEquipment2022-02-2808388568ns10:Original2022-02-2808388568ns10:Originalns5:MotorVehicles2023-02-2808388568ns10:Originalns5:ComputerEquipment2023-02-2808388568ns10:Originalns5:MotorVehicles2022-02-2808388568ns10:Originalns5:ComputerEquipment2022-02-2808388568ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-02-2808388568ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-28
REGISTERED NUMBER: 08388568 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

IN OUT SOLUTIONS LTD

IN OUT SOLUTIONS LTD (REGISTERED NUMBER: 08388568)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IN OUT SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: M Rosko





SECRETARY: H Roskova





REGISTERED OFFICE: Unit 2, 199 Whitehall Road
Leeds
West Yorkshire
LS12 6EZ





REGISTERED NUMBER: 08388568 (England and Wales)





ACCOUNTANTS: Sedulo Leeds Limited
St Paul's House
23 Park Square
Leeds
West Yorkshire
LS1 2ND

IN OUT SOLUTIONS LTD (REGISTERED NUMBER: 08388568)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 665 657
665 657

CURRENT ASSETS
Debtors 6 37,383 19,656
Cash at bank 17,247 68,930
54,630 88,586
CREDITORS
Amounts falling due within one year 7 53,662 64,660
NET CURRENT ASSETS 968 23,926
TOTAL ASSETS LESS CURRENT LIABILITIES 1,633 24,583

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,533 24,483
SHAREHOLDERS' FUNDS 1,633 24,583

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 OUT SOLUTIONS LTD (REGISTERED NUMBER: 08388568)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 24 November 2023 and were signed by:





M Rosko - Director


IN OUT SOLUTIONS LTD (REGISTERED NUMBER: 08388568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

In Out Solutions 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.

The principal activity of the business is that of specialised construction activities.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on 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.


IN OUT SOLUTIONS LTD (REGISTERED NUMBER: 08388568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 50,000
AMORTISATION
At 1 March 2022
and 28 February 2023 50,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

IN OUT SOLUTIONS LTD (REGISTERED NUMBER: 08388568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 6,850 620 7,470
Additions - 665 665
At 28 February 2023 6,850 1,285 8,135
DEPRECIATION
At 1 March 2022 6,193 620 6,813
Charge for year 657 - 657
At 28 February 2023 6,850 620 7,470
NET BOOK VALUE
At 28 February 2023 - 665 665
At 28 February 2022 657 - 657

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 26,451 19,656
Other debtors 10,932 -
37,383 19,656

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 12,813 15,809
Taxation and social security 32,770 41,623
Other creditors 8,079 7,228
53,662 64,660

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, included within other debtors is £10,932 (2022: £423 creditor) owed by the director to the company.