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REGISTERED NUMBER: 11027094 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INGLETON TECHNOLOGY LIMITED

INGLETON TECHNOLOGY LIMITED (REGISTERED NUMBER: 11027094)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


INGLETON TECHNOLOGY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: Mr D Ingleton





REGISTERED OFFICE: Unit 6
Riverside Business Centre
Brighton Road
Shoreham-by-Sea
West Sussex
BN43 6RE





REGISTERED NUMBER: 11027094 (England and Wales)





ACCOUNTANTS: Peter Jarman LLP
trading as
Peter Jarman & Company
1 Harbour House
Harbour Way
Shoreham by Sea
West Sussex
BN43 5HZ

INGLETON TECHNOLOGY LIMITED (REGISTERED NUMBER: 11027094)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,906 13,707

CURRENT ASSETS
Debtors 5 26,588 31,100
Cash at bank 29,813 19,698
56,401 50,798
CREDITORS
Amounts falling due within one year 6 (34,843 ) (12,036 )
NET CURRENT ASSETS 21,558 38,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,464

52,469

PROVISIONS FOR LIABILITIES 7 (2,429 ) (2,604 )
NET ASSETS 30,035 49,865

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,935 49,765
SHAREHOLDERS' FUNDS 30,035 49,865

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 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 March 2024 and were signed by:





Mr D Ingleton - Director


INGLETON TECHNOLOGY LIMITED (REGISTERED NUMBER: 11027094)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ingleton Technology 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.

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.

Turnover
Turnover 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.
Plant and machinery etc - 25% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

INGLETON TECHNOLOGY LIMITED (REGISTERED NUMBER: 11027094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 20,504
Additions 1,170
Disposals (708 )
At 31 December 2023 20,966
DEPRECIATION
At 1 January 2023 6,797
Charge for year 3,555
Eliminated on disposal (292 )
At 31 December 2023 10,060
NET BOOK VALUE
At 31 December 2023 10,906
At 31 December 2022 13,707

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,920 31,100
Other debtors 668 -
26,588 31,100

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 93 -
Taxation and social security 33,342 10,356
Other creditors 1,408 1,680
34,843 12,036

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 2,429 2,604

INGLETON TECHNOLOGY LIMITED (REGISTERED NUMBER: 11027094)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 2,604
Capital allowances in advance
of depreciation (175 )
Balance at 31 December 2023 2,429