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Company Registration No. 10086641 (England and Wales)
INLINE SPACE LTD Unaudited accounts for the year ended 31 March 2024
INLINE SPACE LTD Unaudited accounts Contents
Page
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INLINE SPACE LTD Company Information for the year ended 31 March 2024
Director
Mr HEE DAE KANG
Company Number
10086641 (England and Wales)
Registered Office
24 Dundela Gardens Worcester Park Surrey KT4 8UB United Kingdom
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INLINE SPACE LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,791 
3,678 
Current assets
Cash at bank and in hand
(17)
23,614 
Creditors: amounts falling due within one year
(126,591)
(152,888)
Net current liabilities
(126,608)
(129,274)
Total assets less current liabilities
(123,817)
(125,596)
Creditors: amounts falling due after more than one year
(4,343)
(5,579)
Net liabilities
(128,160)
(131,175)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(128,260)
(131,275)
Shareholders' funds
(128,160)
(131,175)
For the year ending 31 March 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 18 July 2024 and were signed on its behalf by
Mr HEE DAE KANG Director Company Registration No. 10086641
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INLINE SPACE LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
INLINE SPACE LTD is a private company, limited by shares, registered in England and Wales, registration number 10086641. The registered office is 24 Dundela Gardens, Worcester Park, Surrey, KT4 8UB, United Kingdom.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Motor vehicles
25% Reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
3,065 
22,730 
25,795 
At 31 March 2024
3,065 
22,730 
25,795 
Depreciation
At 1 April 2023
2,422 
19,695 
22,117 
Charge for the year
128 
759 
887 
At 31 March 2024
2,550 
20,454 
23,004 
Net book value
At 31 March 2024
515 
2,276 
2,791 
At 31 March 2023
643 
3,035 
3,678 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
103,691 
129,988 
Loans from directors
22,900 
22,900 
126,591 
152,888 
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INLINE SPACE LTD Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,343 
5,579 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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