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REGISTERED NUMBER: 08527607 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INSTYLE LED LIMITED

INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

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


INSTYLE LED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr D Court





REGISTERED OFFICE: Unit G
The Croft
High Street
Whetstone
Leicestershire
LE8 6LQ





REGISTERED NUMBER: 08527607 (England and Wales)

INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 44,470 43,037

CURRENT ASSETS
Stocks 169,275 150,031
Debtors 5 226,041 411,227
Cash at bank and in hand 189,619 87,024
584,935 648,282
CREDITORS
Amounts falling due within one year 6 309,871 296,496
NET CURRENT ASSETS 275,064 351,786
TOTAL ASSETS LESS CURRENT
LIABILITIES

319,534

394,823

CREDITORS
Amounts falling due after more than one
year

7

(20,187

)

(57,973

)

PROVISIONS FOR LIABILITIES (9,137 ) (9,382 )
NET ASSETS 290,210 327,468

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 290,110 327,368
SHAREHOLDERS' FUNDS 290,210 327,468

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.

INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

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 27 November 2024 and were signed by:





Mr D Court - Director


INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

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


1. STATUTORY INFORMATION

Instyle LED 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 (£).


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
Revenue comprises the fair value for the sale of goods excluding value added taxes. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on dispatch of the goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax
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.

INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

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


2. ACCOUNTING POLICIES - continued

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
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured
initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2023 30,843 448 6,471
Additions 10,287 167 2,177
Disposals - - -
At 31 March 2024 41,130 615 8,648
DEPRECIATION
At 1 April 2023 14,063 316 2,264
Charge for year 4,364 33 695
Eliminated on disposal - - -
At 31 March 2024 18,427 349 2,959
NET BOOK VALUE
At 31 March 2024 22,703 266 5,689
At 31 March 2023 16,780 132 4,207

INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

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


4. TANGIBLE FIXED ASSETS - continued

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 11,500 44,499 93,761
Additions - 3,885 16,516
Disposals (11,500 ) - (11,500 )
At 31 March 2024 - 48,384 98,777
DEPRECIATION
At 1 April 2023 6,750 27,331 50,724
Charge for year 791 5,241 11,124
Eliminated on disposal (7,541 ) - (7,541 )
At 31 March 2024 - 32,572 54,307
NET BOOK VALUE
At 31 March 2024 - 15,812 44,470
At 31 March 2023 4,750 17,168 43,037

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 126,019 129,218
Amounts owed by group undertakings 84,693 260,143
Other debtors 15,329 21,866
226,041 411,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,786 34,580
Trade creditors 156,133 140,206
Taxation and social security 109,850 107,588
Other creditors 6,102 14,122
309,871 296,496

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 20,187 57,973

INSTYLE LED LIMITED (REGISTERED NUMBER: 08527607)

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


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 22,822 22,822
Between one and five years 22,320 45,143
45,142 67,965

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Included within other creditors is an amount of £Nil (2023: £2,408) owing to the director.

10. ULTIMATE PARENT COMPANY

The company's ultimate parent company is Instyle Group Holdings Limited. The accounts of Instyle Group
Holdings Limited can be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.

Instyle Group Holdings Limited is deemed to be controlled by Mr D Court by virtue of his 100% shareholding.