IRIS Accounts Production v25.1.3.33 07299106 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072991062023-08-31072991062024-08-31072991062023-09-012024-08-31072991062022-08-31072991062022-09-012023-08-31072991062023-08-3107299106ns15:EnglandWales2023-09-012024-08-3107299106ns14:PoundSterling2023-09-012024-08-3107299106ns10:Director12023-09-012024-08-3107299106ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107299106ns10:SmallEntities2023-09-012024-08-3107299106ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3107299106ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107299106ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107299106ns10:FullAccounts2023-09-012024-08-3107299106ns10:Director22023-09-012024-08-3107299106ns10:RegisteredOffice2023-09-012024-08-3107299106ns5:CurrentFinancialInstruments2024-08-3107299106ns5:CurrentFinancialInstruments2023-08-3107299106ns5:Non-currentFinancialInstruments2024-08-3107299106ns5:Non-currentFinancialInstruments2023-08-3107299106ns5:ShareCapital2024-08-3107299106ns5:ShareCapital2023-08-3107299106ns5:RetainedEarningsAccumulatedLosses2024-08-3107299106ns5:RetainedEarningsAccumulatedLosses2023-08-3107299106ns5:FurnitureFittings2023-09-012024-08-3107299106ns5:ComputerEquipment2023-09-012024-08-3107299106ns5:FurnitureFittings2023-08-3107299106ns5:ComputerEquipment2023-08-3107299106ns5:FurnitureFittings2024-08-3107299106ns5:ComputerEquipment2024-08-3107299106ns5:FurnitureFittings2023-08-3107299106ns5:ComputerEquipment2023-08-3107299106ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2024-08-3107299106ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-08-3107299106ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-08-3107299106ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-08-31
REGISTERED NUMBER: 07299106 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

INSIDE OUT DIGITAL MARKETING LIMITED

INSIDE OUT DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 07299106)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

INSIDE OUT DIGITAL MARKETING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J W Taylor
L A Taylor





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 07299106 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

INSIDE OUT DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 07299106)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 690 261

CURRENT ASSETS
Debtors 5 1,097 1,413
Cash at bank 2,203 -
3,300 1,413
CREDITORS
Amounts falling due within one year 6 70,765 64,316
NET CURRENT LIABILITIES (67,465 ) (62,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,775

)

(62,642

)

CREDITORS
Amounts falling due after more than one
year

7

(3,379

)

(7,787

)

PROVISIONS FOR LIABILITIES (172 ) (260 )
NET LIABILITIES (70,326 ) (70,689 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (70,426 ) (70,789 )
SHAREHOLDERS' FUNDS (70,326 ) (70,689 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 22 May 2025 and were signed on its behalf by:



J W Taylor - Director


INSIDE OUT DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 07299106)

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

1. STATUTORY INFORMATION

Inside Out Digital Marketing Limited 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.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover
Turnover represents invoiced sales of services, excluding value added tax. Turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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 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.

Dividends
The directors acknowledges that excess dividends have been distributed. The directors are the majority shareholder and they are aware that they may be required to repay the dividends to the company if necessary.

Going concern
Despite current liabilities being in excess of current assets, the accounts have been prepared on a going concern basis as restatement of the figures would not have a material effect.

INSIDE OUT DIGITAL MARKETING LIMITED (REGISTERED NUMBER: 07299106)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023 2,221 11,278 13,499
Additions - 754 754
At 31 August 2024 2,221 12,032 14,253
DEPRECIATION
At 1 September 2023 1,990 11,248 13,238
Charge for year 46 279 325
At 31 August 2024 2,036 11,527 13,563
NET BOOK VALUE
At 31 August 2024 185 505 690
At 31 August 2023 231 30 261

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Prepayments 1,097 1,413

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 14,857 16,419
Tax 30,552 27,013
Social security and other taxes (716 ) (716 )
VAT 7,553 9,472
Directors' current accounts 16,902 10,588
Accrued expenses 1,617 1,540
70,765 64,316

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 1-2 years 3,379 4,408
Bank loans - 2-5 years - 3,379
3,379 7,787

8. RELATED PARTY DISCLOSURES

At the year end £16,902 was owed to the directors (2023: £10,588). There are no terms attached to this loan.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INSIDE OUT DIGITAL MARKETING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inside Out Digital Marketing Limited for the year ended 31 August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Inside Out Digital Marketing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inside Out Digital Marketing Limited and state those matters that we have agreed to state to the Board of Directors of Inside Out Digital Marketing Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inside Out Digital Marketing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inside Out Digital Marketing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inside Out Digital Marketing Limited. You consider that Inside Out Digital Marketing Limited 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 financial statements of Inside Out Digital Marketing Limited. 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 financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


27 May 2025