Company Registration No. 14208042 (England and Wales)
InoSpeed Limited
Unaudited accounts
for the year ended 31 July 2025
InoSpeed Limited
Unaudited accounts
Contents
InoSpeed Limited
Company Information
for the year ended 31 July 2025
Directors
Eleanor Harris
Tobin Harris
Company Number
14208042 (England and Wales)
Registered Office
Old Tiles
Roundwell
Bearsted
ME14 4EU
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
InoSpeed Limited
Statement of financial position
as at 31 July 2025
Tangible assets
2,148
2,030
Cash at bank and in hand
53,400
108,500
Creditors: amounts falling due within one year
(80,700)
(99,630)
Net current (liabilities)/assets
(111)
46,269
Called up share capital
9
9
Profit and loss account
2,028
48,290
Shareholders' funds
2,037
48,299
For the year ending 31 July 2025 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 18 March 2026 and were signed on its behalf by
Eleanor Harris
Director
Company Registration No. 14208042
InoSpeed Limited
Notes to the Accounts
for the year ended 31 July 2025
InoSpeed Limited is a private company, limited by shares, registered in England and Wales, registration number 14208042. The registered office is Old Tiles, Roundwell, Bearsted, ME14 4EU.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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:
Computer equipment
25% Reduced Balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
InoSpeed Limited
Notes to the Accounts
for the year ended 31 July 2025
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
18,187
37,299
Accrued income and prepayments
100
100
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
4,614
5,474
Amounts owed to group undertakings and other participating interests
63,000
-
Taxes and social security
4,618
12,957
Other creditors
362
53,300
Loans from directors
7,106
6,306
Allotted, called up and fully paid:
9 Ordinary shares of £1 each
9
9
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).