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REGISTERED NUMBER: 09070112 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

INLINE RETAIL SOLUTIONS LTD

INLINE RETAIL SOLUTIONS LTD (REGISTERED NUMBER: 09070112)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INLINE RETAIL SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: Mr M T Rowe
Mrs L Hilliard





SECRETARY:





REGISTERED OFFICE: 13 Kestrel Road
Waltham Abbey
Essex
EN9 3NB





REGISTERED NUMBER: 09070112 (England and Wales)






INLINE RETAIL SOLUTIONS LTD (REGISTERED NUMBER: 09070112)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,675 1,901

CURRENT ASSETS
Debtors 5 51,721 23,276
Cash at bank 329,412 333,134
381,133 356,410
CREDITORS
Amounts falling due within one year 6 (58,699 ) (57,180 )
NET CURRENT ASSETS 322,434 299,230
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,109

301,131

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 325,009 301,031
SHAREHOLDERS' FUNDS 325,109 301,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 11 September 2024 and were signed on its behalf by:





Mr M T Rowe - Director


INLINE RETAIL SOLUTIONS LTD (REGISTERED NUMBER: 09070112)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Inline Retail Solutions 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.

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.

The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.

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

Turnover constitutes revenue derived from the provision of construction services.

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

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Trade and other receivables
Trade and other receivables are measured at transaction price less any impairment unless the arrangement constitutes a financing transaction in which case the transaction is measured at the present value of the future receipts discounted at the prevailing market rate of interest.

Trade and Other Payables
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing transaction in which case the transaction is measured at present value of future payments discounted at prevailing market rate of interest.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and any short term deposits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INLINE RETAIL SOLUTIONS LTD (REGISTERED NUMBER: 09070112)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 4,781 - 4,781
Additions - 1,666 1,666
At 31 May 2024 4,781 1,666 6,447
DEPRECIATION
At 1 June 2023 2,880 - 2,880
Charge for year 475 417 892
At 31 May 2024 3,355 417 3,772
NET BOOK VALUE
At 31 May 2024 1,426 1,249 2,675
At 31 May 2023 1,901 - 1,901

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,721 23,276

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,028 2,185
Tax 39,476 50,276
VAT 3,409 637
Other creditors 283 2,007
Directors' current accounts 126 325
Accrued expenses 2,377 1,750
58,699 57,180

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,332 (2023 - £92,000) were paid to the directors .