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REGISTERED NUMBER: 06000055 (England and Wales)



















INERTIA CONSULTING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






INERTIA CONSULTING LIMITED (REGISTERED NUMBER: 06000055)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


INERTIA CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mr D J Roome
Mr R J Bradley





SECRETARY: Mr D J Roome





REGISTERED OFFICE: 12 Stafford Street
DERBY
Derbyshire
DE1 1JG





REGISTERED NUMBER: 06000055 (England and Wales)





ACCOUNTANTS: Johnson Tidsall Limited
Chartered Accountants
81 Burton Road
Derby
Derbyshire
DE1 1TJ

INERTIA CONSULTING LIMITED (REGISTERED NUMBER: 06000055)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 482,573 249,680

CURRENT ASSETS
Debtors 5 1,219,858 494,508
Cash at bank and in hand 178,368 242,542
1,398,226 737,050
CREDITORS
Amounts falling due within one year 6 1,267,786 349,721
NET CURRENT ASSETS 130,440 387,329
TOTAL ASSETS LESS CURRENT
LIABILITIES

613,013

637,009

CREDITORS
Amounts falling due after more than one year 7 (268,055 ) (70,211 )

PROVISIONS FOR LIABILITIES (62,006 ) (47,439 )
NET ASSETS 282,952 519,359

CAPITAL AND RESERVES
Called up share capital 8 260 260
Capital redemption reserve 140 140
Retained earnings 282,552 518,959
SHAREHOLDERS' FUNDS 282,952 519,359

INERTIA CONSULTING LIMITED (REGISTERED NUMBER: 06000055)

BALANCE SHEET - continued
30 NOVEMBER 2023


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

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

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 Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:





Mr D J Roome - Director


INERTIA CONSULTING LIMITED (REGISTERED NUMBER: 06000055)

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


1. STATUTORY INFORMATION

Inertia Consulting 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 reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are stated at cost or deemed cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

INERTIA CONSULTING LIMITED (REGISTERED NUMBER: 06000055)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 19 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 178,470 43,627 266,490 107,316 595,903
Additions - - 302,442 3,294 305,736
At 30 November 2023 178,470 43,627 568,932 110,610 901,639
DEPRECIATION
At 1 December 2022 95,892 34,591 129,134 86,606 346,223
Charge for year 20,647 2,261 34,340 15,595 72,843
At 30 November 2023 116,539 36,852 163,474 102,201 419,066
NET BOOK VALUE
At 30 November 2023 61,931 6,775 405,458 8,409 482,573
At 30 November 2022 82,578 9,036 137,356 20,710 249,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 921,431 491,473
Amounts owed by group undertakings 294,742 -
Prepayments and accrued income 3,685 3,035
1,219,858 494,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 76,624 37,118
Payments on account 17,911 17,911
Trade creditors 740,904 55,703
Amounts owed to group undertakings - 27,035
Corporation tax 64,438 75,183
Social security and other taxes 4,702 22,420
VAT 56,794 99,780
Other creditors 10,826 9,066
Accruals and deferred income 295,587 5,505
1,267,786 349,721

INERTIA CONSULTING LIMITED (REGISTERED NUMBER: 06000055)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 268,055 70,211

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
260 Ordinary £1 260 260

9. RELATED PARTY DISCLOSURES

At the year end £30,222 (2022: £30,222) was due to related parties. No interest was charged.

At the year end £324,964 (2022: £3,187)) was due from related parties. No interest was charged.