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REGISTERED NUMBER: 02889642 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

INBUREX (UK) LIMITED

INBUREX (UK) LIMITED (REGISTERED NUMBER: 02889642)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INBUREX (UK) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTOR: D Barry



REGISTERED OFFICE: Unit 7 Cranford Court
Hardwick Grange
Woolston
Warrington
Cheshire
WA1 4RX



REGISTERED NUMBER: 02889642 (England and Wales)



AUDITORS: BTMR Limited
Century Buildings
14 St Mary's Parsonage
Manchester
M3 2DF



BANKERS: National Westminister Bank Plc
Norfolk Square
Glossop
Derbyshire
SK13 8BR

INBUREX (UK) LIMITED (REGISTERED NUMBER: 02889642)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 548 1,096
548 1,096

CURRENT ASSETS
Debtors 6 69,819 51,453
Cash at bank 132,566 94,088
202,385 145,541
CREDITORS
Amounts falling due within one year 7 56,570 71,034
NET CURRENT ASSETS 145,815 74,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

146,363

75,603

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Retained earnings 106,363 35,603
146,363 75,603

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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





D Barry - Director


INBUREX (UK) LIMITED (REGISTERED NUMBER: 02889642)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Inburex (Uk) 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 accounted for as revenue when, and to the extent that, the company obtains a right to consideration in exchange for its performance of its obligations under the sales contract with the customer. The amount reported as revenue is the fair value of the right to consideration - usually the price specified in the contractual arrangement net of discounts and net of VAT, and after any allowance for credit risk and other uncertainties.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Tangible fixed assets are initially recorded at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

INBUREX (UK) LIMITED (REGISTERED NUMBER: 02889642)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 14,340
AMORTISATION
At 1 January 2023
and 31 December 2023 14,340
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 1,644
DEPRECIATION
At 1 January 2023 548
Charge for year 548
At 31 December 2023 1,096
NET BOOK VALUE
At 31 December 2023 548
At 31 December 2022 1,096

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade debtors 63,932 51,017
Amounts owed by group undertakings 4,062 60
Other debtors 1,825 376
69,819 51,453

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 12,964 25,201
Amounts owed to related parties 570 -
Taxation and social security 37,323 15,299
Other creditors 5,713 30,534
56,570 71,034

INBUREX (UK) LIMITED (REGISTERED NUMBER: 02889642)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susan Haworth (Senior Statutory Auditor)
for and on behalf of BTMR Limited

9. ULTIMATE CONTROLLING PARTY

The controlling party is Dr Broeckmann.

The company is a 100% subsidiary of Inburex Consulting Gmbh, a company incorporated in Germany, which is the controlling party and ultimate parent undertaking. That company is controlled by Dr Broeckmann, who is a director and 76.55% shareholder.