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REGISTERED NUMBER: 06709904 (England and Wales)















INNTABIZ LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


INNTABIZ LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: C Martin
Mrs L E Martin





REGISTERED OFFICE: Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB





REGISTERED NUMBER: 06709904 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,298 23,027

CURRENT ASSETS
Debtors 5 121,647 110,819
Cash at bank 329,836 293,194
451,483 404,013
CREDITORS
Amounts falling due within one year 6 280,005 185,530
NET CURRENT ASSETS 171,478 218,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,776

241,510

CREDITORS
Amounts falling due after more than
one year

7

(31,290

)

(50,995

)

PROVISIONS FOR LIABILITIES (1,598 ) (3,467 )
NET ASSETS 146,888 187,048

CAPITAL AND RESERVES
Called up share capital 8 140 140
Capital redemption reserve 60 60
Retained earnings 146,688 186,848
SHAREHOLDERS' FUNDS 146,888 187,048

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 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.

INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 2 September 2024 and were signed on its behalf by:





Mrs L E Martin - Director


INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)

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

1. STATUTORY INFORMATION

Inntabiz 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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and machinery etc - 25% on cost and 20% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. 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 statement of financial position date.


INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 15 (2022 - 16 ) .

INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 7,236 78,890 86,126
Additions - 4,323 4,323
Disposals (7,236 ) (47,555 ) (54,791 )
At 31 December 2023 - 35,658 35,658
DEPRECIATION
At 1 January 2023 - 63,099 63,099
Charge for year - 4,962 4,962
Eliminated on disposal - (40,701 ) (40,701 )
At 31 December 2023 - 27,360 27,360
NET BOOK VALUE
At 31 December 2023 - 8,298 8,298
At 31 December 2022 7,236 15,791 23,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 118,167 104,398
Prepayments 3,480 6,421
121,647 110,819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 19,740 19,740
Trade creditors 4,911 4,949
Taxation 92,621 62,923
Other taxes and social security 92,365 84,558
Other creditors 65,000 7,982
Accruals and deferred income 5,368 5,378
280,005 185,530

INNTABIZ LIMITED (REGISTERED NUMBER: 06709904)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 19,740 19,740
Bank loans - 2-5 years 11,550 31,255
31,290 50,995

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
140 Ordinary £1 140 140

9. OTHER FINANCIAL COMMITMENTS

The company has the following commitments:

20232022
££
Due in less than one year3,42836,535
Due between two and five years3,428
3,42839,963

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is The 3Mind Writing Company Limited.