Company Registration No. 10294446 (England and Wales)
Inner Designs Ltd
Unaudited accounts
for the year ended 31 December 2024
Inner Designs Ltd
Unaudited accounts
Contents
Inner Designs Ltd
Company Information
for the year ended 31 December 2024
Directors
Louise McDougall
John Mclean
Company Number
10294446 (England and Wales)
Registered Office
Henleaze Business Centre
13 Harbury Road
Henleaze
Bristol
BS9 4PN
Accountants
Periscope Chartered Accountants
First Floor
Swan Buildings
Manchester
Lancashire
M4 5JW
Inner Designs Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
48,985
70,052
Cash at bank and in hand
(7,295)
-
Creditors: amounts falling due within one year
(212,125)
(260,097)
Net current assets
45,564
107,939
Total assets less current liabilities
94,549
177,991
Creditors: amounts falling due after more than one year
(38,296)
(59,147)
Provisions for liabilities
Deferred tax
(9,400)
(4,778)
Called up share capital
2
2
Profit and loss account
46,851
114,064
Shareholders' funds
46,853
114,066
For the year ending 31 December 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 23 September 2025 and were signed on its behalf by
John Mclean
Director
Company Registration No. 10294446
Inner Designs Ltd
Notes to the Accounts
for the year ended 31 December 2024
Inner Designs Ltd is a private company, limited by shares, registered in England and Wales, registration number 10294446. The registered office is Henleaze Business Centre, 13 Harbury Road, Henleaze, Bristol, BS9 4PN.
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.
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
20% straight line
Computer equipment
33% straight line
Inner Designs Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
89,807
8,333
3,072
101,212
Disposals
-
-
(3,072)
(3,072)
At 31 December 2024
89,807
8,333
562
98,702
At 1 January 2024
27,370
-
3,790
31,160
Charge for the year
15,609
6,667
71
22,347
On disposals
-
-
(3,790)
(3,790)
At 31 December 2024
42,979
6,667
71
49,717
At 31 December 2024
46,828
1,666
491
48,985
At 31 December 2023
62,437
8,333
(718)
70,052
Amounts falling due within one year
Trade debtors
139,793
290,809
Accrued income and prepayments
94,474
36,268
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,243
29,977
Obligations under finance leases and hire purchase contracts
18,694
18,693
Trade creditors
186,139
216,480
Taxes and social security
59,544
100,287
Loans from directors
(61,286)
(105,340)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
35,507
47,379
Inner Designs Ltd
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Opening balance
34,124
-
-
34,124
Drawings
-
48,183
-
48,183
Net Salary
-
-
10,940
(10,940)
Dividends
-
-
40,000
(40,000)
Business expenses paid personally
-
-
10,000
(10,000)
Opening balance
71,216
-
-
71,216
Drawings
-
66,758
-
66,758
Net Salary
-
-
10,081
(10,081)
Dividends
-
-
40,000
(40,000)
Business expenses paid personally
-
-
47,974
(47,974)
105,340
114,941
158,995
61,286
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).