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REGISTERED NUMBER: 07376128 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2024

for

INEXETER LIMITED

INEXETER LIMITED (REGISTERED NUMBER: 07376128)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INEXETER LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P J A Cunningham
Ms M Menezes
MJJ Jarratt
D L Hayward
Mrs N Fairclough
Mrs M C Whitton
Mrs L C A Wright
J C Nex
R Bosworth
M J Phillips
M Sherman





REGISTERED OFFICE: 22b Waterbeer Street
Exeter
Devon
EX4 3EH





REGISTERED NUMBER: 07376128 (England and Wales)





ACCOUNTANTS: Haines Watts
3 Southernhay West
Exeter
Devon
EX1 1JG

INEXETER LIMITED (REGISTERED NUMBER: 07376128)

Balance Sheet
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 9,041 11,635
9,041 11,635

CURRENT ASSETS
Debtors 7 198,093 246,261
Cash at bank 3,861 32,468
201,954 278,729
CREDITORS
Amounts falling due within one year 8 (208,102 ) (164,369 )
NET CURRENT (LIABILITIES)/ASSETS (6,148 ) 114,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,893

125,995

PROVISIONS FOR LIABILITIES (2,260 ) (1,905 )
NET ASSETS 633 124,090

RESERVES
Income and expenditure account 633 124,090
633 124,090

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 surplus or deficit 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.

INEXETER LIMITED (REGISTERED NUMBER: 07376128)

Balance Sheet - continued
31 MARCH 2024


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 17 September 2024 and were signed on its behalf by:





MJJ Jarratt - Director


INEXETER LIMITED (REGISTERED NUMBER: 07376128)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Inexeter Limited is a private company, limited by guarantee , 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents Business Improvement District (BID) levy due for the year and other funds raised in order to assist with the company's operations.

Grant income
Grants which relate to revenue are recognised in income in the period the related costs are incurred by the entity for which the grant is intended to compensate.

Intangible fixed assets
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Patents and licenses - 20% straight line
Development costs - 20% straight line

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 - 20% on cost
Computer equipment - 20% on cost

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.

Corporation tax
The company being a mutual trading entity does not pay corporation tax on its operations. Corporation tax will only become due if it relates to interest and other investment income.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

INEXETER LIMITED (REGISTERED NUMBER: 07376128)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 9,600 3,950 13,550
AMORTISATION
At 1 April 2023
and 31 March 2024 9,600 3,950 13,550
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 - - -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 2,734 16,885 19,619
Additions 271 733 1,004
At 31 March 2024 3,005 17,618 20,623
DEPRECIATION
At 1 April 2023 1,815 6,169 7,984
Charge for year 432 3,166 3,598
At 31 March 2024 2,247 9,335 11,582
NET BOOK VALUE
At 31 March 2024 758 8,283 9,041
At 31 March 2023 919 10,716 11,635

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 61,717 97,394
Other debtors 5,819 5,847
VAT 3,353 -
Accrued income 105,792 110,488
Prepayments 21,412 32,532
198,093 246,261

INEXETER LIMITED (REGISTERED NUMBER: 07376128)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 79,712 38,052
Social security and other taxes 2,863 -
Pension Fund 1,247 2,123
VAT - 23,684
Other creditors - 1,730
Deferred Income 119,333 91,555
Accrued expenses 4,947 7,225
208,102 164,369

9. OFF-BALANCE SHEET ARRANGEMENTS

InExeter Limited has off-balance sheet commitments totalling £212,696 due within one year (2023 - £189,923) and a further £5,000 due within 2-5 years (2023 - £154,868) relating to outsourced service contracts.

10. COMPANY STATUS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.