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Company Registration No. 10553653 (England and Wales)
Inoltra limited Unaudited accounts for the year ended 31 January 2024
Inoltra limited Unaudited accounts Contents
Page
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Inoltra limited Company Information for the year ended 31 January 2024
Directors
Eric David Wilkinson Stefano Kyriakou Ritchie Gridley
Company Number
10553653 (England and Wales)
Registered Office
Tog - One Canada Square London E14 5AA England
Accountants
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY
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Inoltra limited Accountants' report
Accountants' report to the board of directors of Inoltra limited on the preparation of the unaudited statutory accounts for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Inoltra limited for the year ended 31 January 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Inoltra limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Inoltra limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inoltra limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Inoltra limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Inoltra limited. You consider that Inoltra limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Inoltra limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accounts and Legal Consultants Ltd Suite 1-3, The Hop Exchange 24 Southwark Street London SE1 1TY 30 November 2024
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Inoltra limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,297 
25,869 
Current assets
Debtors
526,152 
671,995 
Cash at bank and in hand
705,479 
205,018 
1,231,631 
877,013 
Creditors: amounts falling due within one year
(504,925)
(548,129)
Net current assets
726,706 
328,884 
Total assets less current liabilities
750,003 
354,753 
Creditors: amounts falling due after more than one year
(13,333)
(30,584)
Net assets
736,670 
324,169 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
736,570 
324,069 
Shareholders' funds
736,670 
324,169 
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 30 November 2024 and were signed on its behalf by
Eric David Wilkinson Director Company Registration No. 10553653
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Inoltra limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Inoltra limited is a private company, limited by shares, registered in England and Wales, registration number 10553653. The registered office is Tog - One, Canada Square, London, E14 5AA, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have reached this conclusion giving due consideration to the projected future performance of the company and any potential risk that might impact the company's ability to meet its required solvency levels. For this reason, they continue to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to third party customers during the year. The goods and services are derived from the principal activities of the company.
Pensions costs
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounts to £4,334 (2023: £545). Contributions totalling £Nil (2023: £652) were payable to the fund at the reporting date and are included in creditors."
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:
Land & buildings
10 years
Fixtures & fittings
4 years
Computer equipment
4 years
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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Inoltra limited Notes to the Accounts for the year ended 31 January 2024
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
26,045 
6,145 
5,025 
37,215 
Additions
- 
- 
3,224 
3,224 
At 31 January 2024
26,045 
6,145 
8,249 
40,439 
Depreciation
At 1 February 2023
6,945 
3,027 
1,374 
11,346 
Charge for the year
2,604 
1,536 
1,656 
5,796 
At 31 January 2024
9,549 
4,563 
3,030 
17,142 
Net book value
At 31 January 2024
16,496 
1,582 
5,219 
23,297 
At 31 January 2023
19,100 
3,118 
3,651 
25,869 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
42,040 
205,672 
Trade debtors
108,814 
329,121 
Accrued income and prepayments
10,701 
2,900 
Other debtors
364,597 
134,302 
526,152 
671,995 
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Inoltra limited Notes to the Accounts for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
112,612 
216,984 
Taxes and social security
363,811 
212,308 
Other creditors
18,502 
(7,088)
Accruals
- 
99,167 
Deferred income
- 
16,758 
504,925 
548,129 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
13,333 
23,333 
Loans from directors
- 
7,251 
13,333 
30,584 
8
Average number of employees
During the year the average number of employees was 9 (2023: 8).
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