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Company Registration No. 13311280 (England and Wales)
The Inside Outfit Ltd Unaudited accounts for the year ended 30 April 2024
The Inside Outfit Ltd Unaudited accounts Contents
Page
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The Inside Outfit Ltd Company Information for the year ended 30 April 2024
Director
Craig Christopher Noel Lucas
Company Number
13311280 (England and Wales)
Registered Office
128 City Road London London EC1V 2NX England
Accountants
LRK Accounting & Bookkeeping Ltd 128 City Road London EC1V 2NX
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The Inside Outfit Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,967 
- 
Current assets
Debtors
10,824 
8,749 
Cash at bank and in hand
4,592 
810 
15,416 
9,559 
Creditors: amounts falling due within one year
(11,230)
(7,066)
Net current assets
4,186 
2,493 
Net assets
6,153 
2,493 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,152 
2,492 
Shareholders' funds
6,153 
2,493 
For the year ending 30 April 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 director acknowledges his 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 and authorised for issue on 30 January 2025 and were signed on its behalf by
Craig Christopher Noel Lucas Director Company Registration No. 13311280
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The Inside Outfit Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
The Inside Outfit Ltd is a private company, limited by shares, registered in England and Wales, registration number 13311280. The registered office is 128 City Road, London, London, EC1V 2NX, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
20%
Motor vehicles
20%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 May 2023
- 
- 
- 
Additions
658 
1,667 
2,325 
At 30 April 2024
658 
1,667 
2,325 
Depreciation
Charge for the year
73 
285 
358 
At 30 April 2024
73 
285 
358 
Net book value
At 30 April 2024
585 
1,382 
1,967 
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The Inside Outfit Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Trade debtors
4,800 
- 
Other debtors
6,024 
8,749 
10,824 
8,749 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,421 
- 
Trade creditors
- 
1 
Taxes and social security
6,241 
5,145 
Accruals
2,568 
1,920 
11,230 
7,066 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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