REGISTERED NUMBER: 03136565 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

INSIDE & OUT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

M J Edmeads

C M Wade

A R Young

SECRETARY:

C M Wade

REGISTERED OFFICE:

Ground Floor

Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

REGISTERED NUMBER:

03136565 (England and Wales)

ACCOUNTANTS:

Wells Associates

Ground Floor Oakhurst House

77 Mount Ephraim

Tunbridge Wells

Kent

TN4 8BS

FIXED ASSETS

Tangible assets

4

37,537

53,921

Investments

5

5,035

4,956

42,572

58,877

CURRENT ASSETS

Stocks

96,826

70,665

Debtors

6

47,159

63,446

Cash at bank and in hand

4,514

298

148,499

134,409

CREDITORS

Amounts falling due within one year

7

(174,242

)

(165,257

)

NET CURRENT LIABILITIES

(25,743

)

(30,848

)

TOTAL ASSETS LESS CURRENT LIABILITIES

16,829

28,029

CREDITORS

Amounts falling due after more than one year

8

(9,854

)

(17,746

)

PROVISIONS FOR LIABILITIES

(6,786

)

(9,513

)

NET ASSETS

189

770

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

89

670

SHAREHOLDERS' FUNDS

189

770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

A R Young - Director

1.	STATUTORY INFORMATION

Inside & Out 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.

Turnover

Turnover represents net invoiced sales of building services including repair and maintenance work and building development work, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33.33% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

28,536

27,728

120,753

7,354

184,371

Additions

-

301

1

-

302

Disposals

(16,783

)

-

(18,634

)

-

(35,417

)

At 31 March 2025

11,753

28,029

102,120

7,354

149,256

DEPRECIATION

At 1 April 2024

24,664

27,644

71,199

6,943

130,450

Charge for year

321

96

12,039

243

12,699

Eliminated on disposal

(14,194

)

-

(17,236

)

-

(31,430

)

At 31 March 2025

10,791

27,740

66,002

7,186

111,719

NET BOOK VALUE

At 31 March 2025

962

289

36,118

168

37,537

At 31 March 2024

3,872

84

49,554

411

53,921

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

16,783

Disposals

(16,783

)

At 31 March 2025

-

DEPRECIATION

At 1 April 2024

14,194

Eliminated on disposal

(14,194

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

2,589

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

4,956

Additions

79

At 31 March 2025

5,035

NET BOOK VALUE

At 31 March 2025

5,035

At 31 March 2024

4,956

The balance shown above represents the balance the company has as at the balance sheet date in I & O European LLP.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

445

18,570

Other debtors

17,920

13,841

Directors' current accounts

27,443

29,630

Prepayments

1,351

1,405

47,159

63,446

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

33,830

21,344

Hire purchase contracts

7,583

13,537

Trade creditors

36,130

38,573

Tax

41,869

34,759

Social security and other taxes

8,667

13,446

VAT

38,064

38,832

Other creditors

8,099

4,766

174,242

165,257

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

9,854

17,746

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

33,830

21,344

Hire purchase contracts

17,437

31,283

51,267

52,627

10.	RELATED PARTY DISCLOSURES

During the year the following dividends were paid:

A R Young - £19,285 (2024 - £29,750)

C M Wade - £30,000 (2024 - £29,750)

M J Edmeads - £30,000 (2024 - £29,750)

11.	ULTIMATE CONTROLLING PARTY

For the year under review the company was jointly controlled by its three directors - M J Edmeads, C M Wade and A R Young.