IRIS Accounts Production v24.2.0.383 10978827 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109788272022-12-31109788272023-12-31109788272023-01-012023-12-31109788272021-12-31109788272022-01-012022-12-31109788272022-12-3110978827ns15:EnglandWales2023-01-012023-12-3110978827ns14:PoundSterling2023-01-012023-12-3110978827ns10:Director12023-01-012023-12-3110978827ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110978827ns10:SmallEntities2023-01-012023-12-3110978827ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110978827ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110978827ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110978827ns10:FullAccounts2023-01-012023-12-3110978827ns10:OrdinaryShareClass12023-01-012023-12-3110978827ns10:Director22023-01-012023-12-3110978827ns10:RegisteredOffice2023-01-012023-12-3110978827ns5:CurrentFinancialInstruments2023-12-3110978827ns5:CurrentFinancialInstruments2022-12-3110978827ns5:ShareCapital2023-12-3110978827ns5:ShareCapital2022-12-3110978827ns5:RetainedEarningsAccumulatedLosses2023-12-3110978827ns5:RetainedEarningsAccumulatedLosses2022-12-3110978827ns5:PlantMachinery2023-01-012023-12-3110978827ns5:FurnitureFittings2023-01-012023-12-3110978827ns5:MotorVehicles2023-01-012023-12-3110978827ns5:ComputerEquipment2023-01-012023-12-3110978827ns5:PlantMachinery2022-12-3110978827ns5:FurnitureFittings2022-12-3110978827ns5:MotorVehicles2022-12-3110978827ns5:ComputerEquipment2022-12-3110978827ns5:PlantMachinery2023-12-3110978827ns5:FurnitureFittings2023-12-3110978827ns5:MotorVehicles2023-12-3110978827ns5:ComputerEquipment2023-12-3110978827ns5:PlantMachinery2022-12-3110978827ns5:FurnitureFittings2022-12-3110978827ns5:MotorVehicles2022-12-3110978827ns5:ComputerEquipment2022-12-3110978827ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110978827ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3110978827ns5:WithinOneYear2023-12-3110978827ns5:WithinOneYear2022-12-3110978827ns5:BetweenOneFiveYears2023-12-3110978827ns5:BetweenOneFiveYears2022-12-3110978827ns5:MoreThanFiveYears2023-12-3110978827ns5:MoreThanFiveYears2022-12-3110978827ns5:AllPeriods2023-12-3110978827ns5:AllPeriods2022-12-3110978827ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 10978827 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

INPLACE INTERIORS LTD

INPLACE INTERIORS LTD (REGISTERED NUMBER: 10978827)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INPLACE INTERIORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M J Mason
Mrs J Mason





REGISTERED OFFICE: 32 The Square
Gillingham
Dorset
SP8 4AR





REGISTERED NUMBER: 10978827 (England and Wales)





ACCOUNTANTS: Andrews and Palmer
Chartered Accountants
32 The Square
Gillingham
Dorset
SP8 4AR

INPLACE INTERIORS LTD (REGISTERED NUMBER: 10978827)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 228,689 212,520

CURRENT ASSETS
Stocks 10,000 3,000
Debtors 5 341,675 245,585
Cash at bank 331,196 391,358
682,871 639,943
CREDITORS
Amounts falling due within one year 6 275,376 175,572
NET CURRENT ASSETS 407,495 464,371
TOTAL ASSETS LESS CURRENT
LIABILITIES

636,184

676,891

PROVISIONS FOR LIABILITIES 56,998 52,956
NET ASSETS 579,186 623,935

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 579,086 623,835
SHAREHOLDERS' FUNDS 579,186 623,935

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.

INPLACE INTERIORS LTD (REGISTERED NUMBER: 10978827)

BALANCE SHEET - 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 10 September 2024 and were signed on its behalf by:





M J Mason - Director


INPLACE INTERIORS LTD (REGISTERED NUMBER: 10978827)

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

1. STATUTORY INFORMATION

Inplace Interiors Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts and value added tax.

Revenue from the provision of services is recognised when the service has been provided.

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 cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are measured at amortised cost. Derivative financial instruments are initially
recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


INPLACE INTERIORS LTD (REGISTERED NUMBER: 10978827)

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 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 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 30,223 3,162 318,945 8,897 361,227
Additions 3,106 - 149,918 1,963 154,987
Disposals (889 ) (1,533 ) (104,611 ) - (107,033 )
At 31 December 2023 32,440 1,629 364,252 10,860 409,181
DEPRECIATION
At 1 January 2023 10,654 1,915 128,990 7,148 148,707
Charge for year 5,502 240 70,083 2,717 78,542
Eliminated on disposal (222 ) (767 ) (45,768 ) - (46,757 )
At 31 December 2023 15,934 1,388 153,305 9,865 180,492
NET BOOK VALUE
At 31 December 2023 16,506 241 210,947 995 228,689
At 31 December 2022 19,569 1,247 189,955 1,749 212,520

INPLACE INTERIORS LTD (REGISTERED NUMBER: 10978827)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 159,883 165,827
Other debtors 181,792 79,758
341,675 245,585

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 83,454 66,715
Taxation and social security 110,459 85,258
Other creditors 81,463 23,599
275,376 175,572

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 106,000 106,000
Between one and five years 390,000 424,000
In more than five years 288,000 360,000
784,000 890,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100