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REGISTERED NUMBER: 03614416 (England and Wales)















INLINE DESIGN LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023






INLINE DESIGN LIMITED (REGISTERED NUMBER: 03614416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INLINE DESIGN LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023







DIRECTORS: Mr J C Figgett
Mr R J E Whiting





REGISTERED OFFICE: Durham House, Waterside Court
Neptune Close
Medway City Estate
Rochester
Kent
ME2 4NZ





REGISTERED NUMBER: 03614416 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

INLINE DESIGN LIMITED (REGISTERED NUMBER: 03614416)

BALANCE SHEET
30 JULY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 30,283 198,802

CURRENT ASSETS
Stocks 454,585 -
Debtors 5 565,697 2,730,437
Cash at bank 1,636,596 1,618,626
2,656,878 4,349,063
CREDITORS
Amounts falling due within one year 6 (1,576,780 ) (2,902,647 )
NET CURRENT ASSETS 1,080,098 1,446,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,110,381

1,645,218

CREDITORS
Amounts falling due after more than one
year

7

(145,461

)

(208,124

)

PROVISIONS FOR LIABILITIES (2,428 ) (2,428 )
NET ASSETS 962,492 1,434,666

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 962,392 1,434,566
SHAREHOLDERS' FUNDS 962,492 1,434,666

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

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

INLINE DESIGN LIMITED (REGISTERED NUMBER: 03614416)

BALANCE SHEET - continued
30 JULY 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 Board of Directors and authorised for issue on 22 April 2024 and were signed on its behalf by:





Mr R J E Whiting - Director


INLINE DESIGN LIMITED (REGISTERED NUMBER: 03614416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023

1. STATUTORY INFORMATION

Inline Design 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 - 25% on cost
Motor vehicles - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

INLINE DESIGN LIMITED (REGISTERED NUMBER: 03614416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 August 2022 209,145 73,758 178,318 461,221
Additions - 2,036 - 2,036
Disposals (209,145 ) - - (209,145 )
At 30 July 2023 - 75,794 178,318 254,112
DEPRECIATION
At 1 August 2022 53,294 61,923 147,202 262,419
Charge for period - 6,925 7,779 14,704
Eliminated on disposal (53,294 ) - - (53,294 )
At 30 July 2023 - 68,848 154,981 223,829
NET BOOK VALUE
At 30 July 2023 - 6,946 23,337 30,283
At 31 July 2022 155,851 11,835 31,116 198,802

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 417,090 2,637,019
Sundry debtors 15,221 15,221
VAT 120,474 58,577
Prepayments and accrued income 12,912 19,620
565,697 2,730,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 78,248 94,825
Hire purchase contracts 8,441 8,440
Trade creditors 1,124,568 2,275,711
Corporation Tax 122,092 101,711
Social security and other taxes 77,931 44,086
Directors' current accounts - 14,575
Accrued expenses 57,500 63,299
Onerous contract 108,000 300,000
1,576,780 2,902,647

INLINE DESIGN LIMITED (REGISTERED NUMBER: 03614416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2022 TO 30 JULY 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 144,419 203,491
Hire purchase contracts 1,042 4,633
145,461 208,124