Registered number
07454449
Inky Design Graphics Ltd
Filleted Accounts
30 November 2024
Inky Design Graphics Ltd
Registered number: 07454449
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - (1)
Current assets
Cash at bank and in hand 3,325 2,227
Creditors: amounts falling due within one year 4 (2,719) (2,640)
Net current assets/(liabilities) 606 (413)
Net assets/(liabilities) 606 (414)
Capital and reserves
Called up share capital 1 1
Profit and loss account 605 (415)
Shareholder's funds 606 (414)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mark Sharp
Director
Approved by the board on 26 February 2025
Inky Design Graphics Ltd
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
Cost £
At 1 December 2023 7,333
At 30 November 2024 7,333
Depreciation
At 1 December 2023 7,334
At 30 November 2024 7,333
Net book value
At 30 November 2024 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,476 823
Taxation and social security costs 1,218 1,312
Other creditors 25 505
2,719 2,640
5 Other information
Inky Design Graphics Ltd is a private company limited by shares and incorporated in England. Its registered office is:
73 Lonsdale Road
Stevenage
Hertfordshire
SG1 5DD
Inky Design Graphics Ltd 07454449 false 2023-12-01 2024-11-30 2024-11-30 VT Final Accounts July 2024 Mark Sharp No description of principal activity 07454449 2022-12-01 2023-11-30 07454449 core:WithinOneYear 2023-11-30 07454449 core:ShareCapital 2023-11-30 07454449 core:RetainedEarningsAccumulatedLosses 2023-11-30 07454449 2023-12-01 2024-11-30 07454449 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 07454449 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 07454449 bus:Director40 2023-12-01 2024-11-30 07454449 1 2023-12-01 2024-11-30 07454449 2 2023-12-01 2024-11-30 07454449 countries:England 2023-12-01 2024-11-30 07454449 bus:FRS102 2023-12-01 2024-11-30 07454449 bus:FilletedAccounts 2023-12-01 2024-11-30 07454449 2024-11-30 07454449 core:WithinOneYear 2024-11-30 07454449 core:ShareCapital 2024-11-30 07454449 core:RetainedEarningsAccumulatedLosses 2024-11-30 07454449 core:PlantMachinery 2024-11-30 07454449 2023-11-30 07454449 core:PlantMachinery 2023-11-30 iso4217:GBP xbrli:pure