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Company Registration No. 12038120 (England and Wales)
INERTIALLY LTD Final accounts for the year ended 30 June 2024
INERTIALLY LTD Final accounts Contents
Page
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INERTIALLY LTD Company Information for the year ended 30 June 2024
Director
MELISSA PATEL
Company Number
12038120 (England and Wales)
Registered Office
29 Moffats Lane Brookmans Park Hatfield Herfordshire AL9 7RX
Accountants
DKA Accounting Ltd. East Wing, Castle House Dawson Road Milton Keynes Buckinghamshire MK1 1QT
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INERTIALLY LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investments
3,759,000 
3,759,000 
Current assets
Debtors
- 
3,623 
Cash at bank and in hand
58,021 
31,987 
58,021 
35,610 
Creditors: amounts falling due within one year
(398,154)
(404,828)
Net current liabilities
(340,133)
(369,218)
Total assets less current liabilities
3,418,867 
3,389,782 
Creditors: amounts falling due after more than one year
(3,821,574)
(3,759,000)
Net liabilities
(402,707)
(369,218)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(403,707)
(370,218)
Shareholders' funds
(402,707)
(369,218)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 August 2024 and were signed on its behalf by
MELISSA PATEL Director Company Registration No. 12038120
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INERTIALLY LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
INERTIALLY LTD is a private company, limited by shares, registered in England and Wales, registration number 12038120. The registered office is 29 Moffats Lane, Brookmans Park, Hatfield, Herfordshire, AL9 7RX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
4
Investments
Other investments 
£ 
Valuation at 1 July 2023
3,759,000 
Valuation at 30 June 2024
3,759,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
3,623 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,651 
- 
Taxes and social security
4,464 
4,425 
Other creditors
(20,252)
24,880 
Loans from directors
404,791 
374,023 
Accruals
1,500 
1,500 
398,154 
404,828 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
3,821,574 
3,759,000 
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INERTIALLY LTD Notes to the Accounts for the year ended 30 June 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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