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REGISTERED NUMBER: 03136565 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

INSIDE & OUT LIMITED

INSIDE & OUT LIMITED (REGISTERED NUMBER: 03136565)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INSIDE & OUT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: M J Edmeads
C M Wade
A R Young





SECRETARY: C M Wade





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS





REGISTERED NUMBER: 03136565 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

INSIDE & OUT LIMITED (REGISTERED NUMBER: 03136565)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 53,921 45,486
Investments 5 4,956 4,706
58,877 50,192

CURRENT ASSETS
Stocks 70,665 60,586
Debtors 6 63,446 43,593
Cash at bank and in hand 298 1,367
134,409 105,546
CREDITORS
Amounts falling due within one year 7 (165,257 ) (130,048 )
NET CURRENT LIABILITIES (30,848 ) (24,502 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,029

25,690

CREDITORS
Amounts falling due after more than one
year

8

(17,746

)

(14,933

)

PROVISIONS FOR LIABILITIES (9,513 ) (7,805 )
NET ASSETS 770 2,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 670 2,852
SHAREHOLDERS' FUNDS 770 2,952

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 directors acknowledge their 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.

INSIDE & OUT LIMITED (REGISTERED NUMBER: 03136565)

STATEMENT OF FINANCIAL POSITION - 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 Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





A R Young - Director


INSIDE & OUT LIMITED (REGISTERED NUMBER: 03136565)

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

1. STATUTORY INFORMATION

Inside & Out 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.

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 represents net invoiced sales of building services including repair and maintenance work and building development work, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on cost

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

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 the 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 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.

3. EMPLOYEES AND DIRECTORS

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

INSIDE & OUT LIMITED (REGISTERED NUMBER: 03136565)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 47,551 27,728 94,754 6,851 176,884
Additions 1,589 - 25,999 503 28,091
Disposals (20,604 ) - - - (20,604 )
At 31 March 2024 28,536 27,728 120,753 7,354 184,371
DEPRECIATION
At 1 April 2023 42,435 27,616 54,681 6,666 131,398
Charge for year 1,286 28 16,518 277 18,109
Eliminated on disposal (19,057 ) - - - (19,057 )
At 31 March 2024 24,664 27,644 71,199 6,943 130,450
NET BOOK VALUE
At 31 March 2024 3,872 84 49,554 411 53,921
At 31 March 2023 5,116 112 40,073 185 45,486

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023 37,387
Disposals (20,604 )
At 31 March 2024 16,783
DEPRECIATION
At 1 April 2023 32,936
Charge for year 315
Eliminated on disposal (19,057 )
At 31 March 2024 14,194
NET BOOK VALUE
At 31 March 2024 2,589
At 31 March 2023 4,451

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 4,706
Additions 250
At 31 March 2024 4,956
NET BOOK VALUE
At 31 March 2024 4,956
At 31 March 2023 4,706

The balance shown above represents the balance the company has as at the balance sheet date in I & O European LLP.

INSIDE & OUT LIMITED (REGISTERED NUMBER: 03136565)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,570 4,200
Other debtors 13,841 13,841
Directors' current accounts 29,630 24,669
Prepayments 1,405 883
63,446 43,593

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,344 -
Hire purchase contracts 13,537 11,938
Trade creditors 38,573 25,848
Tax 34,759 27,836
Social security and other taxes 13,446 9,878
VAT 38,832 49,763
Other creditors 4,766 4,785
165,257 130,048

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 17,746 14,933

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 21,344 -
Hire purchase contracts 31,283 26,871
52,627 26,871

10. RELATED PARTY DISCLOSURES

During the year the following dividends were paid:

A R Young - £29,750 (2023 - £34,575)
C M Wade - £29,750 (2023 - £34,575)
M J Edmeads - £29,750 (2023 - £34,575)

11. ULTIMATE CONTROLLING PARTY

For the year under review the company was jointly controlled by its three directors - M J Edmeads, C M Wade and A R Young.