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REGISTERED NUMBER: 05280617 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INK N TONER UK RETAIL LIMITED
T/A
INK’N’TONERUK

INK N TONER UK RETAIL LIMITED (REGISTERED NUMBER: 05280617)
T/A INK’N’TONERUK






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INK N TONER UK RETAIL LIMITED
T/A INK’N’TONERUK

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: Mr D R Caine
Mrs E R Caine





SECRETARY: Mrs E R Caine





REGISTERED OFFICE: 61 East Barnet Road
Barnet
Hertfordshire
EN4 8RN





REGISTERED NUMBER: 05280617 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

INK N TONER UK RETAIL LIMITED (REGISTERED NUMBER: 05280617)
T/A INK’N’TONERUK

ABRIDGED BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 15,460 14,730
Debtors 78,732 63,854
Cash at bank and in hand 44,647 34,207
138,839 112,791
CREDITORS
Amounts falling due within one year 138,252 111,695
NET CURRENT ASSETS 587 1,096
TOTAL ASSETS LESS CURRENT
LIABILITIES

587

1,096

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 487 996
SHAREHOLDERS' FUNDS 587 1,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INK N TONER UK RETAIL LIMITED (REGISTERED NUMBER: 05280617)
T/A INK’N’TONERUK

ABRIDGED BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 March 2024 and were signed on its behalf by:





Mr D R Caine - Director


INK N TONER UK RETAIL LIMITED (REGISTERED NUMBER: 05280617)
T/A INK’N’TONERUK

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Ink n Toner UK Retail Limited 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 presentation currency of the financial statements is the Pound Sterling (£).


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 accounts have been prepared under the going concern basis as the director is of the opinion that the company will be able to meet its liabilities as and when they fall due.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

INK N TONER UK RETAIL LIMITED (REGISTERED NUMBER: 05280617)
T/A INK’N’TONERUK

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 160,000
AMORTISATION
At 1 January 2023
and 31 December 2023 160,000
NET BOOK VALUE

At 31 December 2023 -
At 31 December 2022 -

5. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 29,837 21,068
Bank loans - 414
29,837 21,482

Bank overdraft and bank loan are secured by way of a personal guarantee provided by the directors.

INK N TONER UK RETAIL LIMITED (REGISTERED NUMBER: 05280617)
T/A INK’N’TONERUK

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr D R Caine and Mrs E R Caine
Balance outstanding at start of year 62,738 49,119
Amounts advanced 77,510 46,419
Amounts repaid (62,738 ) (32,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 77,510 62,738