Company Registration No. 14344713 (England and Wales)
iNet One Limited
Unaudited accounts
for the year ended 30 September 2024
iNet One Limited
Unaudited accounts
Contents
iNet One Limited
Company Information
for the year ended 30 September 2024
Director
Daniel Ivan Sklan
Company Number
14344713 (England and Wales)
Registered Office
11 Easter Industrial Park
Ferry Lane South
Rainham
RM13 9BP
England
Accountants
Workabee Accountants
Sharon Gillett BSc FCA
11 Chestnut Avenue
Buckhurst Hill
Essex
IG9 6EN
iNet One Limited
Statement of financial position
as at 30 September 2024
Investments
111,133
96,260
Cash at bank and in hand
811
4,105
Creditors: amounts falling due within one year
(101,423)
(100,367)
Net current liabilities
(100,611)
(96,261)
Total assets less current liabilities
10,522
(1)
Provisions for liabilities
Net assets/(liabilities)
8,689
(1)
Called up share capital
1
1
Profit and loss account
8,688
(2)
Shareholders' funds
8,689
(1)
For the year ending 30 September 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 his 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 22 October 2024 and were signed on its behalf by
Daniel Ivan Sklan
Director
Company Registration No. 14344713
iNet One Limited
Notes to the Accounts
for the year ended 30 September 2024
iNet One Limited is a private company, limited by shares, registered in England and Wales, registration number 14344713. The registered office is 11 Easter Industrial Park, Ferry Lane South, Rainham, RM13 9BP, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investments are included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investments are sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
4
Investments
Other investments
Valuation at 1 October 2023
96,260
Fair value adjustments
12,432
Valuation at 30 September 2024
111,133
The value of investments has been provided by Baird & Co. Limited and are based on 30 Sep 2024 PM Fix prices.
Amounts falling due within one year
iNet One Limited
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
1,063
-
Other creditors
100,034
100,000
7
Deferred taxation
2024
2023
Tax losses carried forward
-
(207)
Other deferred taxation
1,833
207
Charged to the profit and loss account
1,833
-
Provision at end of year
1,833
-
Other deferred taxation relates to the revaluation of investments.
8
Transactions with related parties
As at 30 September 2024, £100,000 (2023: £100,000) was owed to a related company, which shares the same director. £34 (2023: £nil) was owed to another related company, which also shares the same director.
No interest is charged on money owed and the amounts are repayable on demand.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).