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
INLINE SPACE LTD
Company Information
for the year ended 31 March 2024
Company Number
10086641 (England and Wales)
Registered Office
24 Dundela Gardens
Worcester Park
Surrey
KT4 8UB
United Kingdom
INLINE SPACE LTD
Statement of financial position
as at 31 March 2024
Tangible assets
2,791
3,678
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)
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
INLINE SPACE LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
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
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
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
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
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).