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REGISTERED NUMBER: NI654897 (Northern Ireland)













INPRIO LTD

Unaudited Financial Statements

for the Year Ended 30 June 2024






INPRIO LTD (Registered number: NI654897)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company information 1

Statement of financial position 2

Notes to the financial statements 3 to 5


INPRIO LTD

Company Information
for the Year Ended 30 June 2024







Directors: Mr N McShane
Mrs J Mcshane





Registered office: 7 Bannview Road
Banbridge
Co Down
BT32 3RL





Registered number: NI654897 (Northern Ireland)





Accountants: Wylie Ruddell
Chartered Accountants
Armagh Business Centre
2 Loughgall Road
Armagh
BT61 7NH

INPRIO LTD (Registered number: NI654897)

Statement of Financial Position
30 June 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 4 2,045 2,485

Current assets
Receivables 5 524 218
Cash at bank 6 3,510 546
4,034 764
Payables
Amounts falling due within one year 7 (20,104 ) (5,261 )
Net current liabilities (16,070 ) (4,497 )
Total assets less current liabilities (14,025 ) (2,012 )

Provisions for liabilities 9 (389 ) (472 )
Net liabilities (14,414 ) (2,484 )

Capital and reserves
Called up share capital 10 100 100
Retained earnings (14,514 ) (2,584 )
Shareholders' funds (14,414 ) (2,484 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by:





Mr N McShane - Director


INPRIO LTD (Registered number: NI654897)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

INPRIO LTD is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Receivables
Short term receivables are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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.

INPRIO LTD (Registered number: NI654897)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


2. Accounting policies - continued

Payables
Short term payables are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.

Provisions for liabilities
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the Statement of Comprehensive Income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Statement of Financial Position date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Property, plant and equipment
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
Cost
At 1 July 2023
and 30 June 2024 991 588 2,755 4,334
Depreciation
At 1 July 2023 181 248 1,420 1,849
Charge for year 122 51 267 440
At 30 June 2024 303 299 1,687 2,289
Net book value
At 30 June 2024 688 289 1,068 2,045
At 30 June 2023 810 340 1,335 2,485

5. Receivables: amounts falling due within one year
2024 2023
£ £
Other receivables 524 218

6. Cash at bank
2024 2023
£ £
Cash at bank 3,510 546

INPRIO LTD (Registered number: NI654897)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


7. Payables: amounts falling due within one year
2024 2023
£ £
Trade payables 969 -
Taxation and social security - 1,270
Other payables 19,135 3,991
20,104 5,261

8. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£ £
Within one year 3,760 3,760
Between one and five years 1,745 14,877
5,505 18,637

9. Provisions for liabilities
2024 2023
£ £
Deferred tax 389 472

Deferred tax
£
Balance at 1 July 2023 472
Credit to Statement of income and retained earnings during year (83 )
Balance at 30 June 2024 389

10. Called up share capital

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

11. Directors' advances, credits and guarantees

The following loan to the company from a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£ £
Mr N McShane
Balance outstanding at start of year 1,951 426
Amounts advanced 15,644 26,945
Amounts repaid (300 ) (25,420 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,295 1,951