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REGISTERED NUMBER: 06026432 (England and Wales)















Financial Statements

for the Year Ended 31 May 2024

for

INSTANT AVAILABILITY LIMITED

INSTANT AVAILABILITY LIMITED (REGISTERED NUMBER: 06026432)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSTANT AVAILABILITY LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: L Hayes





REGISTERED OFFICE: Moderna Business Park
Unit 17A
Mytholmroyd
West Yorkshire
HX7 5QQ





REGISTERED NUMBER: 06026432 (England and Wales)





ACCOUNTANTS: Rawse, Varley & Co
Chartered Accountants
Lloyds Bank Chambers
Hustlergate
Bradford
BD1 1UQ

INSTANT AVAILABILITY LIMITED (REGISTERED NUMBER: 06026432)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 581 1,163

CURRENT ASSETS
Debtors 5 18,958 26,600
Cash at bank 44,944 97,323
63,902 123,923
CREDITORS
Amounts falling due within one year 6 64,250 36,688
NET CURRENT (LIABILITIES)/ASSETS (348 ) 87,235
TOTAL ASSETS LESS CURRENT
LIABILITIES

233

88,398

CREDITORS
Amounts falling due after more than one
year

7

-

128,907
NET ASSETS/(LIABILITIES) 233 (40,509 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 133 (40,609 )
SHAREHOLDERS' FUNDS 233 (40,509 )

INSTANT AVAILABILITY LIMITED (REGISTERED NUMBER: 06026432)

Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 4 February 2025 and were signed by:





L Hayes - Director


INSTANT AVAILABILITY LIMITED (REGISTERED NUMBER: 06026432)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

Instant Availability 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 the invoiced amount of goods sold and services provided exclusive of value added tax. In the case of service contracts income is recognised in the profit and loss account on a time apportionment basis, the proportion of contract income unexpired at the balance sheet date being deferred to the following period in order to match more closely the services provided.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation.

Depreciation is calculated to write off the cost less the estimated residual value of the assets over their expected useful lives at the following annual rates:

Improvements to rented property - 10% of cost
Fixtures, fittings and equipment - 20% of cost

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.

3. EMPLOYEES AND DIRECTORS

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

INSTANT AVAILABILITY LIMITED (REGISTERED NUMBER: 06026432)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 29,010 71,529 100,539
DEPRECIATION
At 1 June 2023 29,010 70,366 99,376
Charge for year - 582 582
At 31 May 2024 29,010 70,948 99,958
NET BOOK VALUE
At 31 May 2024 - 581 581
At 31 May 2023 - 1,163 1,163

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 540 4,430
Prepayments and accrued income 18,400 18,400
18,940 22,830

Amounts falling due after more than one year:
Deferred tax asset 18 3,770

Aggregate amounts 18,958 26,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 19,550 17,665
Corporation tax 6,921 -
Social security and other taxes 1,968 5,997
Directors' current accounts 25,000 -
Accruals and deferred income 10,811 13,026
64,250 36,688

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts - 128,907

INSTANT AVAILABILITY LIMITED (REGISTERED NUMBER: 06026432)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 (40,609 )
Profit for the year 40,742
At 31 May 2024 133