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REGISTERED NUMBER: 13084061 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

INTO-IT ENTERPRISES LTD

INTO-IT ENTERPRISES LTD (Registered number: 13084061)






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


INTO-IT ENTERPRISES LTD

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G L Henshaw





SECRETARY: F C Henshaw





REGISTERED OFFICE: 99 Bouverie Road
London
N16 0AD





REGISTERED NUMBER: 13084061 (England and Wales)





ACCOUNTANTS: Purcells, Chartered Accountants
4 Quex Road
London
NW6 4PJ

INTO-IT ENTERPRISES LTD (Registered number: 13084061)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,287 2,859

CURRENT ASSETS
Debtors 5 1,480 4,693
Cash at bank 25,064 83,174
26,544 87,867
CREDITORS
Amounts falling due within one year 6 5,544 10,885
NET CURRENT ASSETS 21,000 76,982
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,287

79,841

CAPITAL AND RESERVES
Called up share capital 7 130 130
Share premium 8 249,984 224,984
Retained earnings 8 (226,827 ) (145,273 )
SHAREHOLDERS' FUNDS 23,287 79,841

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 director acknowledges his 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.

INTO-IT ENTERPRISES LTD (Registered number: 13084061)

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 director and authorised for issue on 18 September 2024 and were signed by:





G L Henshaw - Director


INTO-IT ENTERPRISES LTD (Registered number: 13084061)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

INTO-IT ENTERPRISES 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.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment - 25% straight line method
Computer equipment - 25% straight line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are 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.

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.

INTO-IT ENTERPRISES LTD (Registered number: 13084061)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 3,812
DEPRECIATION
At 1 January 2023 953
Charge for year 572
At 31 December 2023 1,525
NET BOOK VALUE
At 31 December 2023 2,287
At 31 December 2022 2,859

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 1,380 4,593
Called up share capital
not paid 100 100
1,480 4,693

Short-term debtors are measured at transaction price, less any impairment.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 120 7,680
Other taxation &
social security 999 999
Other creditors 3,175 6
Accrued expenses 1,250 2,200
5,544 10,885

INTO-IT ENTERPRISES LTD (Registered number: 13084061)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
130 Ordinary £1 130 130

8. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (145,273 ) 224,984 79,711
Deficit for the year (81,554 ) (81,554 )
Bonus share issue - 25,000 25,000
At 31 December 2023 (226,827 ) 249,984 23,157