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REGISTERED NUMBER: 04662289 (England and Wales)















IN LINE DUCT CLEANING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IN LINE DUCT CLEANING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr G Marshall





SECRETARY: Mr A R Marshall





REGISTERED OFFICE: 15 High Street
Brackley
Northamptonshire
NN13 7DH





REGISTERED NUMBER: 04662289 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,063 25,694

CURRENT ASSETS
Stocks 4,500 7,000
Debtors 5 319,353 228,565
Cash at bank and in hand 177,997 80,620
501,850 316,185
CREDITORS
Amounts falling due within one year 6 240,840 124,518
NET CURRENT ASSETS 261,010 191,667
TOTAL ASSETS LESS CURRENT
LIABILITIES

282,073

217,361

CREDITORS
Amounts falling due after more than one
year

7

(24,040

)

(33,921

)

PROVISIONS FOR LIABILITIES (4,800 ) (4,450 )
NET ASSETS 253,233 178,990

CAPITAL AND RESERVES
Called up share capital 9 4,050 4,050
Retained earnings 249,183 174,940
SHAREHOLDERS' FUNDS 253,233 178,990

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 October 2024 and were signed by:





Mr G Marshall - Director


IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

In Line Duct Cleaning Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Turnover from the rendering of services is when the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to completing the service required.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer & Office equipment - 33% on cost and 15% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current 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.


IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 28 ) .

4. TANGIBLE FIXED ASSETS
Computer
Plant and Motor & Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 20,158 47,495 34,853 102,506
DEPRECIATION
At 1 April 2023 16,434 31,932 28,446 76,812
Charge for year 558 3,112 961 4,631
At 31 March 2024 16,992 35,044 29,407 81,443
NET BOOK VALUE
At 31 March 2024 3,166 12,451 5,446 21,063
At 31 March 2023 3,724 15,563 6,407 25,694

IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 59,609 131,333
Amounts recoverable on contract 87,935 38,084
Other debtors 2,371 2,045
Directors' loan accounts 169,438 48,306
Prepayments and accrued income - 8,797
319,353 228,565

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,915
Trade creditors 17,594 12,405
Other creditors 61,613 14,051
Tax 89,538 18,709
Social security and other taxes 26,247 10,843
VAT 40,378 51,645
Accrued expenses 5,470 14,950
240,840 124,518

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,404 9,404
Bank loans - 2-5 years 14,636 24,517
24,040 33,921

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 1,915

IN LINE DUCT CLEANING LIMITED (REGISTERED NUMBER: 04662289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary B £1 10 10

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
640 Ordinary £1 640 640
340,000 Class E £1 3,400 3,400
4,040 4,040

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr G Marshall
Balance outstanding at start of year 48,306 63,690
Amounts advanced 412,971 -
Amounts repaid (291,839 ) (15,384 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 169,438 48,306

For the year ended 31 March 2024 the overdrawn Director's Loan Account was repaid in full on 27 August 2024.