2023-06-012023-12-312023-12-31false14087333INARI-ENSO 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INARI-ENSO LTD

Registered Number
14087333
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2023

INARI-ENSO LTD
Company Information
for the period from 1 June 2023 to 31 December 2023

Director

PERKINS, Francisco Miguel Andres

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

14087333 (England and Wales)
INARI-ENSO LTD
Statement of Financial Position
31 December 2023

Notes

31 Dec 2023

31 May 2023

£

£

£

£

Current assets
Debtors832,72556,904
Cash at bank and on hand28,63211,404
61,35768,308
Creditors amounts falling due within one year9(19,253)(43,474)
Net current assets (liabilities)42,10424,834
Total assets less current liabilities42,10424,834
Net assets42,10424,834
Capital and reserves
Called up share capital11
Profit and loss account42,10324,833
Shareholders' funds42,10424,834
The financial statements were approved and authorised for issue by the Director on 21 February 2024, and are signed on its behalf by:
PERKINS, Francisco Miguel Andres
Director
Registered Company No. 14087333
INARI-ENSO LTD
Notes to the Financial Statements
for the period ended 31 December 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232023
Average number of employees during the year43
6.Property, plant and equipment
7.Description of nature of transactions and balances with related parties
The immediate and ultimate parent undertaking and controlling party is Inari-Enso SL, which prepares group financial statements. The registered office of Inari-Enso SL is 8th Floor, Carrer de Tuset 8, 08006 Barcelona.
8.Debtors

2023

2023

££
Other debtors22,49946,221
Prepayments and accrued income10,22610,683
Total32,72556,904
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2023

££
Trade creditors / trade payables6,6851,498
Taxation and social security11,43110,950
Other creditors58731,026
Accrued liabilities and deferred income550-
Total19,25343,474
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.