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REGISTERED NUMBER: 08371334 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

iNOTu Ltd

iNOTu Ltd (Registered number: 08371334)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


iNOTu Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr C I Birrell
Mrs R M Birrell





REGISTERED OFFICE: 10 The Crescent
Eaglescliffe
Stockton on Tees
TS16 0JB





REGISTERED NUMBER: 08371334 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

iNOTu Ltd (Registered number: 08371334)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 28,838 9,931

CURRENT ASSETS
Debtors 5 28,891 58,947
Cash at bank 36,855 23,164
65,746 82,111
CREDITORS
Amounts falling due within one year 6 63,051 37,894
NET CURRENT ASSETS 2,695 44,217
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,533

54,148

CREDITORS
Amounts falling due after more than one
year

7

12,893

-

PROVISIONS FOR LIABILITIES (1,508 ) (1,887 )
NET ASSETS 42,918 52,261

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 42,817 52,160
SHAREHOLDERS' FUNDS 42,918 52,261

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

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

iNOTu Ltd (Registered number: 08371334)

Balance Sheet - continued
31 January 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 October 2024 and were signed on its behalf by:





Mr C I Birrell - Director


iNOTu Ltd (Registered number: 08371334)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

iNOTu 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.
Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

iNOTu Ltd (Registered number: 08371334)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 February 2023 55,739
Additions 30,344
Disposals (8,895 )
At 31 January 2024 77,188
DEPRECIATION
At 1 February 2023 45,808
Charge for year 9,017
Eliminated on disposal (6,475 )
At 31 January 2024 48,350
NET BOOK VALUE
At 31 January 2024 28,838
At 31 January 2023 9,931

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£ £
Trade debtors 8,688 24,037
Amounts owed by group undertakings 978 -
Other debtors 19,225 34,910
28,891 58,947

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£ £
Hire purchase contracts 33,602 -
Taxation and social security 26,648 37,761
Other creditors 2,801 133
63,051 37,894

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£ £
Hire purchase contracts (12,893 ) -

iNOTu Ltd (Registered number: 08371334)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31/1/24 31/1/23
£ £
Mr C I Birrell
Balance outstanding at start of year 26,421 31,864
Amounts advanced 28,048 56,620
Amounts repaid (44,135 ) (62,063 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,334 26,421

Interest has been charged on the above loan at 2.25%.