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Registration number: 11732368

In Reality Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

In Reality Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

In Reality Ltd

Company Information

Director

Mr C F Jones

Registered office

Church House
Church Street
Yeovil
Somerset
BA20 1HB

Accountants

Lanham & Francis
Church House
Church Street
Yeovil
Somerset
BA20 1HB

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
In Reality Ltd
for the Year Ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of In Reality Ltd for the year ended 31 March 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of In Reality Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of In Reality Ltd and state those matters that we have agreed to state to the Board of Directors of In Reality Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than In Reality Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that In Reality Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of In Reality Ltd. You consider that In Reality Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of In Reality Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






Lanham & Francis
Church House
Church Street
Yeovil
Somerset
BA20 1HB

27 March 2025

 

In Reality Ltd

(Registration number: 11732368)
Balance Sheet as at 31 March 2024

2024
£

2023
£

Fixed assets

4,510

7,873

Current assets

102,043

122,828

Prepayments and accrued income

896

788

Creditors: Amounts falling due within one year

(60,677)

(62,856)

Net current assets

42,262

60,760

Total assets less current liabilities

46,772

68,633

Creditors: Amounts falling due after more than one year

(30,947)

(48,645)

Accruals and deferred income

(4,340)

(9,842)

 

11,485

10,146

Capital and reserves

11,485

10,146

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Church House
Church Street
Yeovil
Somerset
BA20 1HB

These financial statements were authorised for issue by the director on 26 March 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

These financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2023 - 6).

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

In Reality Ltd

(Registration number: 11732368)
Balance Sheet as at 31 March 2024 (continued)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 26 March 2025
 

Mr C F Jones
Director