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REGISTERED NUMBER: 07233732 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Inventories 4 U Limited

Inventories 4 U Limited (Registered number: 07233732)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inventories 4 U Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J Graham
D E Graham
S J Kneale





REGISTERED OFFICE: Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN





REGISTERED NUMBER: 07233732 (England and Wales)





ACCOUNTANTS: Style and Silver
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Inventories 4 U Limited (Registered number: 07233732)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,667 1,034

CURRENT ASSETS
Debtors 5 40,823 45,347
Cash at bank 2,450 7,447
43,273 52,794
CREDITORS
Amounts falling due within one year 6 33,229 22,920
NET CURRENT ASSETS 10,044 29,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,711

30,908

CREDITORS
Amounts falling due after more than one
year

7

59,433

35,834
NET LIABILITIES (17,722 ) (4,926 )

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (17,922 ) (5,126 )
SHAREHOLDERS' FUNDS (17,722 ) (4,926 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Inventories 4 U Limited (Registered number: 07233732)

Balance Sheet - continued
30 April 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 27 January 2025 and were signed on its behalf by:





D E Graham - Director


Inventories 4 U Limited (Registered number: 07233732)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Inventories 4 U 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost and 25% on reducing balance

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.

Inventories 4 U Limited (Registered number: 07233732)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

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 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 7,131
Additions 41,190
At 30 April 2024 48,321
DEPRECIATION
At 1 May 2023 6,097
Charge for year 10,557
At 30 April 2024 16,654
NET BOOK VALUE
At 30 April 2024 31,667
At 30 April 2023 1,034

Inventories 4 U Limited (Registered number: 07233732)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 41,190
At 30 April 2024 41,190
DEPRECIATION
Charge for year 10,298
At 30 April 2024 10,298
NET BOOK VALUE
At 30 April 2024 30,892

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 16,998 10,128
Other debtors 23,825 35,219
40,823 45,347

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 5,000 5,000
Hire purchase contracts 4,369 -
Trade creditors 1,825 807
Taxation and social security 15,817 9,842
Other creditors 6,218 7,271
33,229 22,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 30,834 35,834
Hire purchase contracts 28,599 -
59,433 35,834

Inventories 4 U Limited (Registered number: 07233732)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D E Graham
Balance outstanding at start of year 28,590 -
Amounts advanced 19,210 28,590
Amounts repaid (28,590 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,210 28,590

The director's loan was repaid within nine months of the end of the year.