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REGISTERED NUMBER: 07250191 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Inn-Cognito (Hull) Limited

Inn-Cognito (Hull) Limited (Registered number: 07250191)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inn-Cognito (Hull) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: N Lyon
Mrs J Lyon





REGISTERED OFFICE: c/o The Dog and Duck
1 East End
Walkington
Beverley
East Yorkshire
HU17 8RX





REGISTERED NUMBER: 07250191 (England and Wales)






Inn-Cognito (Hull) Limited (Registered number: 07250191)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,008 30,696

CURRENT ASSETS
Stocks 9,475 9,200
Debtors 5 16,459 12,958
Cash at bank and in hand 38,252 61,742
64,186 83,900
CREDITORS
Amounts falling due within one year 6 79,597 97,804
NET CURRENT LIABILITIES (15,411 ) (13,904 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,597

16,792

CREDITORS
Amounts falling due after more than one
year

7

(6,809

)

(12,133

)

PROVISIONS FOR LIABILITIES (3,135 ) (3,910 )
NET ASSETS 653 749

CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 642 738
SHAREHOLDERS' FUNDS 653 749

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.

Inn-Cognito (Hull) Limited (Registered number: 07250191)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:





N Lyon - Director


Inn-Cognito (Hull) Limited (Registered number: 07250191)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Inn-Cognito (Hull) 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding Value Added Tax.

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 - 10% on cost
Fixtures and fittings - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks
Stocks are valued at the lower of costs and net realisable value, after making due allowance for obsolete and slow moving items. Overheads are charged to profit and loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which its related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expenses in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Inn-Cognito (Hull) Limited (Registered number: 07250191)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 281,454
Additions 1,069
At 30 November 2023 282,523
DEPRECIATION
At 1 December 2022 250,758
Charge for year 5,757
At 30 November 2023 256,515
NET BOOK VALUE
At 30 November 2023 26,008
At 30 November 2022 30,696

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 16,459 12,958

Inn-Cognito (Hull) Limited (Registered number: 07250191)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 5,324 5,324
Trade creditors 34,090 55,148
Taxation and social security 36,893 29,390
Other creditors 3,290 7,942
79,597 97,804

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 6,809 12,133

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
N Lyon
Balance outstanding at start of year 6,303 (2,897 )
Amounts advanced 15,502 29,196
Amounts repaid (22,000 ) (19,996 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (195 ) 6,303

Mrs J Lyon
Balance outstanding at start of year 6,303 (200 )
Amounts advanced 15,192 26,188
Amounts repaid (22,000 ) (19,685 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (505 ) 6,303

These are the maximum amounts outstanding during the year which are interest free and repayable on demand.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.