IRIS Accounts Production v23.4.0.336 09772485 director 1.10.22 30.9.23 30.9.23 0 0 false true false false true false Ordinary 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097724852022-09-30097724852023-09-30097724852022-10-012023-09-30097724852021-09-30097724852021-10-012022-09-30097724852022-09-3009772485ns15:EnglandWales2022-10-012023-09-3009772485ns14:PoundSterling2022-10-012023-09-3009772485ns10:Director12022-10-012023-09-3009772485ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3009772485ns10:SmallEntities2022-10-012023-09-3009772485ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3009772485ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3009772485ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3009772485ns10:FullAccounts2022-10-012023-09-3009772485ns10:OrdinaryShareClass12022-10-012023-09-3009772485ns10:RegisteredOffice2022-10-012023-09-3009772485ns5:CurrentFinancialInstruments2023-09-3009772485ns5:CurrentFinancialInstruments2022-09-3009772485ns5:Non-currentFinancialInstruments2023-09-3009772485ns5:Non-currentFinancialInstruments2022-09-3009772485ns5:ShareCapital2023-09-3009772485ns5:ShareCapital2022-09-3009772485ns5:SharePremium2023-09-3009772485ns5:SharePremium2022-09-3009772485ns5:RetainedEarningsAccumulatedLosses2023-09-3009772485ns5:RetainedEarningsAccumulatedLosses2022-09-3009772485ns5:FurnitureFittings2022-10-012023-09-3009772485ns5:ComputerEquipment2022-10-012023-09-3009772485ns5:FurnitureFittings2022-09-3009772485ns5:ComputerEquipment2022-09-3009772485ns5:FurnitureFittings2023-09-3009772485ns5:ComputerEquipment2023-09-3009772485ns5:FurnitureFittings2022-09-3009772485ns5:ComputerEquipment2022-09-3009772485ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3009772485ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3009772485ns10:OrdinaryShareClass12023-09-30
REGISTERED NUMBER: 09772485 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

INNERTRENDS LTD

INNERTRENDS LTD (REGISTERED NUMBER: 09772485)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INNERTRENDS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr C Murariu





REGISTERED OFFICE: Evolution House
Iceni Court
Delft Way
Norwich
Norfolk
NR6 6BB





REGISTERED NUMBER: 09772485 (England and Wales)





ACCOUNTANTS: Farnell Clarke Limited
Evolution House
Delft Way
Norwich Airport
Norwich
Norfolk
NR6 6BB

INNERTRENDS LTD (REGISTERED NUMBER: 09772485)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 137 198

CURRENT ASSETS
Debtors 5 3,125 1,308
Cash at bank 15,657 49,760
18,782 51,068
CREDITORS
Amounts falling due within one year 6 2,903 2,929
NET CURRENT ASSETS 15,879 48,139
TOTAL ASSETS LESS CURRENT LIABILITIES 16,016 48,337

CREDITORS
Amounts falling due after more than one
year

7

363,203

363,203
NET LIABILITIES (347,187 ) (314,866 )

CAPITAL AND RESERVES
Called up share capital 8 102 102
Share premium 44,813 44,813
Retained earnings (392,102 ) (359,781 )
SHAREHOLDERS' FUNDS (347,187 ) (314,866 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

INNERTRENDS LTD (REGISTERED NUMBER: 09772485)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 12 March 2024 and were signed by:





Mr C Murariu - Director


INNERTRENDS LTD (REGISTERED NUMBER: 09772485)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Innertrends 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. 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.

Going Concern
The accompanying financial statements have been prepared under the assumption that the company will continue as a going concern for a period in excess of 12 months from the date of these reports.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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 statement of financial position date.

3. EMPLOYEES AND DIRECTORS

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

INNERTRENDS LTD (REGISTERED NUMBER: 09772485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 348 1,637 1,985
DEPRECIATION
At 1 October 2022 165 1,622 1,787
Charge for year 46 15 61
At 30 September 2023 211 1,637 1,848
NET BOOK VALUE
At 30 September 2023 137 - 137
At 30 September 2022 183 15 198

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,551 1,152
VAT - 120
Prepayments 1,574 36
3,125 1,308

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,833 2,339
VAT 162 -
Director's current account 908 590
2,903 2,929

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Loan 363,203 363,203

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
102,000 Ordinary 0.1p 102 102

INNERTRENDS LTD (REGISTERED NUMBER: 09772485)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr C Murariu.