Company No: 12824277 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Debtors	3	18,789		12,385
Cash at bank and in hand		9,449		5,254
		28,238		17,639
Creditors: amounts falling due within one year	4	( 30,227)		( 11,485)
Net current (liabilities)/assets		(1,989)		6,154
Total assets less current liabilities		(1,989)		6,154
Creditors: amounts falling due after more than one year	5	( 3,194)		0
Net (liabilities)/assets		( 5,183)		6,154
Capital and reserves
Called-up share capital		2		2
Profit and loss account		( 5,185 )		6,152
Total shareholders' (deficit)/funds		( 5,183)		6,154

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Inshore Living Ltd (registered number: 12824277) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A D Loane Director

06 August 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inshore Living Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20 Louise Cottages Lynn Road, West Newton, King's Lynn, PE31 6AT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Debtors

	2025		2024
	£		£
Trade debtors	18,789		12,385

4. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	6,118		0
Amounts owed to directors	481		1,936
Accruals	1,850		1,775
Deferred tax liability	74		0
Taxation and social security	21,704		7,774
	30,227		11,485

5. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	3,194		0

There are no amounts included above in respect of which any security has been given by the small entity.

6. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Income Statement	( 74)		0
At the end of financial year	( 74)		0

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 74)		0