INSIDE CONTRACTING SOLUTIONS LIMITED

Company Registration Number:
14932717 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 13 June 2023

End date: 31 December 2023

INSIDE CONTRACTING SOLUTIONS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

INSIDE CONTRACTING SOLUTIONS LIMITED

Balance sheet

As at 31 December 2023


Notes

7 months to 31 December 2023


£
Called up share capital not paid: 0
Fixed assets
Tangible assets: 3 4,411
Total fixed assets: 4,411
Current assets
Debtors:   37,566
Cash at bank and in hand: 343,727
Total current assets: 381,293
Creditors: amounts falling due within one year:   (22,722)
Net current assets (liabilities): 358,571
Total assets less current liabilities: 362,982
Creditors: amounts falling due after more than one year:   (402,794)
Total net assets (liabilities): (39,812)
Capital and reserves
Called up share capital: 100
Profit and loss account: (39,912)
Shareholders funds: (39,812)

The notes form part of these financial statements

INSIDE CONTRACTING SOLUTIONS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 06 September 2024
and signed on behalf of the board by:

Name: Michael McNeil
Status: Director

The notes form part of these financial statements

INSIDE CONTRACTING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

Other accounting policies

Introduction The Directors present their strategic report and financial results for the period ended 31 December 2023. Business review The business was incorporated during 2023 to develop the Flooring and Cleaning businesses of the Inside Contract Group in the Yorkshire area. Premises have been acquired in Northallerton and the team have been recruited. As per our five year business plan, we anticipate the next 12 months will be a period of development and we anticipate the business will be generating profit in the final quarter of 2024. As a group of companies, we saw our trading exceed £6.7m during 2023 financial year, with net profits over £403,000, and combined cash at bank of £940,521 at year end.

INSIDE CONTRACTING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

7 months to 31 December 2023
Average number of employees during the period 4

INSIDE CONTRACTING SOLUTIONS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
Additions 4,604
At 31 December 2023 4,604
Depreciation
Charge for year 193
At 31 December 2023 193
Net book value
At 31 December 2023 4,411