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REGISTERED NUMBER: 07931411 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Inside Out Office & Warehouse Cleaning
Ltd

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)






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

Report of the Accountant 10

Inside Out Office & Warehouse Cleaning
Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: N M Strowger





REGISTERED OFFICE: Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX





REGISTERED NUMBER: 07931411 (England and Wales)





ACCOUNTANT: Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,216 13,423

CURRENT ASSETS
Debtors 6 28,028 20,799
Cash at bank 23,128 45,010
51,156 65,809
CREDITORS
Amounts falling due within one year 7 38,827 32,643
NET CURRENT ASSETS 12,329 33,166
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,545

46,589

CREDITORS
Amounts falling due after more than one
year

8

(20,211

)

(38,763

)

PROVISIONS FOR LIABILITIES 11 (1,533 ) (2,117 )
NET ASSETS 801 5,709

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 701 5,609
SHAREHOLDERS' FUNDS 801 5,709

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.

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

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:





N M Strowger - Director


Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Inside Out Office & Warehouse Cleaning 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 are presented in Sterling (£).

Going concern
The director has considered the company's position at the time of signing the financial statements and for the foreseeable future, being a period of at least twelve months from the date of approval of the financial statements. It is difficult to produce precise forecasts for the remainder of the current financial year and the medium term. Nevertheless, the director has considered the company's financial strength, together with an assessment its operations and its finances. In addition, the director has confirmed that he will continue to financially support the company for the foreseeable future, and there have been no indications from the company's other creditors that they will not continue to support the company for the foreseeable future,.

Based on all of this, the director has concluded that there is a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Therefore, the company will continue to adopt the going concern basis of accounting in preparing these financial statements.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods and services:
Revenue from the sale of goods and services is recognised when the company has transferred the significant risks and rewards of ownership to the buyer, which is usually on the shipment of the goods, or on the completion of the provision of services.

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is provided on the following bases:
Plant and machinery etc - 33% on cost and 25% on the reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains or losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met.

Deferred tax balances are not recognised in respect of permanent timing differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Leasing commitments
Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the company's benefit from the use of the leased asset.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. ACCOUNTING POLICIES - continued

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 10 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 34,666
DEPRECIATION
At 1 March 2022 21,243
Charge for year 3,207
At 28 February 2023 24,450
NET BOOK VALUE
At 28 February 2023 10,216
At 28 February 2022 13,423

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 18,950
DEPRECIATION
At 1 March 2022 5,528
Charge for year 3,207
At 28 February 2023 8,735
NET BOOK VALUE
At 28 February 2023 10,215
At 28 February 2022 13,422

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 23,012 20,799
Prepayments and accrued income 5,016 -
28,028 20,799

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 8,377 8,172
Hire purchase contracts (see note 9) 2,505 2,280
Trade creditors 2,629 1,562
Taxation and social security 13,019 10,099
Other creditors 12,297 10,530
38,827 32,643

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 15,750 22,750
Hire purchase contracts (see note 9) 2,274 4,779
Other creditors 2,187 11,234
20,211 38,763

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
28.2.23 28.2.22
£    £   
Gross obligations repayable:
Within one year 2,872 2,872
Between one and five years 2,404 5,276
5,276 8,148

Finance charges repayable:
Within one year 367 592
Between one and five years 130 497
497 1,089

Net obligations repayable:
Within one year 2,505 2,280
Between one and five years 2,274 4,779
4,779 7,059


10. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Bank overdraft 1,377 -
Bank loans 22,750 29,750
Hire purchase contracts 4,779 7,059
28,906 36,809

Bank loans represents a loan from the company's bankers under the Coronavirus Business Interruption Loan Scheme (CBILS). The CBILS loan is guaranteed by the Government to the extent of 80% of the capital balance outstanding. The loan and other amounts owed to the company's bankers are secured by a debenture which gives fixed and floating charges over the company's assets.

11. PROVISIONS FOR LIABILITIES
28.2.23 28.2.22
£    £   
Deferred tax
Accelerated capital allowances 1,533 2,117

Inside Out Office & Warehouse Cleaning
Ltd (Registered number: 07931411)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 March 2022 2,117
Accelerated capital allowances (584 )
Balance at 28 February 2023 1,533

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

13. RELATED PARTY DISCLOSURES

Other creditors includes amounts owed to the director totalling £98 (2022: £95) relating to amounts owed for business expenses paid by the director and not reimbursed. The amount outstanding is repayable on demand, interest free and is unsecured.

Inside Out Office & Warehouse Cleaning
Ltd

Report of the Accountant to the Director of
Inside Out Office & Warehouse Cleaning
Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 28 February 2023. We have prepared these financial statements based on the accounting records, information and explanations provided by you.

As a practising member of the Association of Accounting Technicians, we are subject to its ethical and other professional requirements which are detailed at www.aat.org.uk.

This report is made solely to the Board of Directors, as a body. Our work has been undertaken solely to prepare for your approval the accounts of the company and state those matters that we have agreed to state to the Board of Directors, as a body in this report, in accordance with the requirements of the Association of Accounting Technicians as detailed at www.aat.org.uk. To the fullest extent permitted by law we do not accept or assume responsibility to anyone other than the company and its Board of Directors as a body for our work or for this report.

On behalf of the board, you have acknowledged that it is your duty, to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and results of the company.

You have determined that the company is exempt from the statutory requirement for an audit for the year ended 28 February 2023. Therefore the financial statements are unaudited. 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.






Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX


24 November 2023