Registered number
12351597
Inan Construction Limited
Filleted Accounts
31 October 2024
Inan Construction Limited
Registered number: 12351597
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 1,805 450
Cash at bank and in hand 16,086 19,921
17,891 20,371
Creditors: amounts falling due within one year 4 (2,234) (2,977)
Net current assets 15,657 17,394
Total assets less current liabilities 15,657 17,394
Creditors: amounts falling due after more than one year 5 (4,011) (6,355)
Net assets 11,646 11,039
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,546 10,939
Shareholder's funds 11,646 11,039
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Inan Ozkan
Director
Approved by the board on 4 November 2024
Inan Construction Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Trade debtors - 328
Prepayments & other debtors 1,805 122
1,805 450
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 600 -
Taxation and social security costs 1,634 1,776
Other creditors - 1,201
2,234 2,977
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,011 6,355
6 Other information
Inan Construction Limited is a private company limited by shares and incorporated in England. Its registered office is:
500 White Hart Lane
London
N17 7NA
Inan Construction Limited 12351597 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 Mr Inan Ozkan No description of principal activity 12351597 2022-11-01 2023-10-31 12351597 core:WithinOneYear 2023-10-31 12351597 core:AfterOneYear 2023-10-31 12351597 core:ShareCapital 2023-10-31 12351597 core:RetainedEarningsAccumulatedLosses 2023-10-31 12351597 2023-11-01 2024-10-31 12351597 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 12351597 bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 12351597 bus:Director40 2023-11-01 2024-10-31 12351597 1 2023-11-01 2024-10-31 12351597 countries:England 2023-11-01 2024-10-31 12351597 bus:FRS102 2023-11-01 2024-10-31 12351597 bus:FilletedAccounts 2023-11-01 2024-10-31 12351597 2024-10-31 12351597 core:WithinOneYear 2024-10-31 12351597 core:AfterOneYear 2024-10-31 12351597 core:ShareCapital 2024-10-31 12351597 core:RetainedEarningsAccumulatedLosses 2024-10-31 12351597 2023-10-31 iso4217:GBP xbrli:pure