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Company Registration No. 03369629 (England and Wales)
Inside-Out Branding Limited Unaudited accounts for the year ended 30 June 2024
Inside-Out Branding Limited Unaudited accounts Contents
Page
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Inside-Out Branding Limited Company Information for the year ended 30 June 2024
Directors
Nicholas Francis Watson Turley Sue Turley
Secretary
Sue Turley
Company Number
03369629 (England and Wales)
Registered Office
Upper Woodhead Krumlin Barkisland Halifax West Yorkshire HX4 0EQ
Accountants
Bridgehouse Accountancy Svcs 27 Greenacre Park Rawdon Leeds West Yorkshire LS19 6AP
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Inside-Out Branding Limited Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,367 
8,050 
Current assets
Debtors
926 
426 
Cash at bank and in hand
27,318 
10,033 
28,244 
10,459 
Creditors: amounts falling due within one year
(23,873)
(8,709)
Net current assets
4,371 
1,750 
Net assets
9,738 
9,800 
Capital and reserves
Called up share capital
900 
900 
Capital redemption reserve
120,000 
120,000 
Profit and loss account
(111,162)
(111,100)
Shareholders' funds
9,738 
9,800 
For the year ending 30 June 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 5 March 2025 and were signed on its behalf by
Nicholas Francis Watson Turley Director Company Registration No. 03369629
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Inside-Out Branding Limited Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Inside-Out Branding Limited is a private company, limited by shares, registered in England and Wales, registration number 03369629. The registered office is Upper Woodhead, Krumlin Barkisland, Halifax, West Yorkshire, HX4 0EQ.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:
Fixtures & fittings
3 - 10 years
Computer equipment
3 - 4 years
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.
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Inside-Out Branding Limited Notes to the Accounts for the year ended 30 June 2024
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2023
274,387 
At 30 June 2024
274,387 
Depreciation
At 1 July 2023
266,337 
Charge for the year
2,683 
At 30 June 2024
269,020 
Net book value
At 30 June 2024
5,367 
At 30 June 2023
8,050 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
926 
426 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
2,742 
(1,252)
Trade creditors
7,369 
4,126 
Taxes and social security
1,504 
1,504 
Other creditors
8,096 
3,931 
Accruals
4,162 
400 
23,873 
8,709 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
900 Ordinary shares of £1 each
900 
900 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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