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REGISTERED NUMBER: 07627967 (England and Wales)















INBOTIQA LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






INBOTIQA LTD (REGISTERED NUMBER: 07627967)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INBOTIQA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: M R Grew
M J Hunt
V G Raffe
L J Russell





REGISTERED OFFICE: 124 City Road
London
EC1V 2NX





REGISTERED NUMBER: 07627967 (England and Wales)





ACCOUNTANTS: Spurling Cannon
King Arthur’s Court
Maidstone Road
Charing
Kent
TN27 0JS

INBOTIQA LTD (REGISTERED NUMBER: 07627967)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 180,509 203,072
Tangible assets 5 82 768
180,591 203,840

CURRENT ASSETS
Debtors 6 84,129 71,890
Cash at bank 9,991 6,205
94,120 78,095
CREDITORS
Amounts falling due within one year 7 (354,811 ) (160,526 )
NET CURRENT LIABILITIES (260,691 ) (82,431 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(80,100

)

121,409

CREDITORS
Amounts falling due after more than one year 8 (889,179 ) (785,971 )
NET LIABILITIES (969,279 ) (664,562 )

CAPITAL AND RESERVES
Called up share capital 9 39,718 38,726
Share premium 10 1,974,801 1,733,788
Retained earnings 10 (2,983,798 ) (2,437,076 )
SHAREHOLDERS' FUNDS (969,279 ) (664,562 )

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.

INBOTIQA LTD (REGISTERED NUMBER: 07627967)

BALANCE SHEET - continued
31 MAY 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 25 September 2024 and were signed on its behalf by:





M J Hunt - Director


INBOTIQA LTD (REGISTERED NUMBER: 07627967)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Inbotiqa 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.

Changes in accounting policies
The accounting policy relating to development costs has changed during the year. Development costs are capitalised as assets in the balance sheet and amortised over their useful life.

This change has been effected by management so that the financial statements provide reliable and more relevant information about the effects of transactions and financial performance.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixture & Fittings - 25% on cost
Computer equipment - 25% on cost

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.


INBOTIQA LTD (REGISTERED NUMBER: 07627967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

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.

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 3 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 June 2023
and 31 May 2024 225,636
AMORTISATION
At 1 June 2023 22,564
Amortisation for year 22,563
At 31 May 2024 45,127
NET BOOK VALUE
At 31 May 2024 180,509
At 31 May 2023 203,072

INBOTIQA LTD (REGISTERED NUMBER: 07627967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 2,998 8,421 11,419
DEPRECIATION
At 1 June 2023 2,998 7,653 10,651
Charge for year - 686 686
At 31 May 2024 2,998 8,339 11,337
NET BOOK VALUE
At 31 May 2024 - 82 82
At 31 May 2023 - 768 768

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 14,551 182
Sundry debtors - 1,854
Tax 19,854 19,854
34,405 21,890

Amounts falling due after more than one year:
Sundry debtors 49,724 50,000

Aggregate amounts 84,129 71,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 124,572 133,190
Social security and other taxes 50,328 -
VAT 13,983 6,829
Sundry creditors 125,521 20,000
Accrued expenses 40,407 507
354,811 160,526

INBOTIQA LTD (REGISTERED NUMBER: 07627967)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Sundry creditors 889,179 785,971

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,971,356 Ordinary 0.01 39,714 38,722
361 Ordinary B 0.01 4 4
39,718 38,726

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 June 2023 (2,437,076 ) 1,733,788 (703,288 )
Deficit for the year (546,722 ) (546,722 )
Share issue - 241,013 241,013
At 31 May 2024 (2,983,798 ) 1,974,801 (1,008,997 )