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REGISTERED NUMBER: 10873933 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

INACOUSTIC LTD

INACOUSTIC LTD (REGISTERED NUMBER: 10873933)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INACOUSTIC LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A D Best
N A Morgan
V C Rodriguez Valeron





REGISTERED OFFICE: Unit 4, The Dry
Mount Wellington Mine
Chacewater
TRURO
Cornwall
TR4 8RJ





REGISTERED NUMBER: 10873933 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

INACOUSTIC LTD (REGISTERED NUMBER: 10873933)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 315,172 85,671

CURRENT ASSETS
Debtors 5 388,929 333,137
Cash at bank 200,911 135,370
589,840 468,507
CREDITORS
Amounts falling due within one year 6 461,941 313,180
NET CURRENT ASSETS 127,899 155,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,071

240,998

PROVISIONS FOR LIABILITIES 15,746 16,278
NET ASSETS 427,325 224,720

CAPITAL AND RESERVES
Called up share capital 1,004 1,005
Retained earnings 426,321 223,715
427,325 224,720

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Profit & Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 April 2025 and were signed on its behalf by:



A D Best - Director


INACOUSTIC LTD (REGISTERED NUMBER: 10873933)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not depreciated
Plant and machinery etc - 20% on cost, 15% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss, 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

INACOUSTIC LTD (REGISTERED NUMBER: 10873933)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 - 121,602 121,602
Additions 232,300 18,622 250,922
At 31 July 2024 232,300 140,224 372,524
DEPRECIATION
At 1 August 2023 - 35,931 35,931
Charge for year - 21,421 21,421
At 31 July 2024 - 57,352 57,352
NET BOOK VALUE
At 31 July 2024 232,300 82,872 315,172
At 31 July 2023 - 85,671 85,671

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 184,432 197,943
Amounts recoverable on contracts 156,000 105,000
Other debtors 48,497 30,194
388,929 333,137

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,800 167
Taxation and social security 180,125 152,137
Other creditors 280,016 160,876
461,941 313,180

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
V C Rodriguez Valeron
Balance outstanding at start of year 29,915 32,019
Amounts advanced 3,404 575
Amounts repaid (3,815 ) (2,679 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,504 29,915