INNERSPACE (CHESHIRE) LIMITED


Directors	LAMB, Ian David
	RUSSELL, Richard James


Company Secretary	LAMB, Ian David


Registered Address	Unit 11 Mullbry Business Park
	Shakespeare Way
	Whitchurch
	SY13 1LJ


Registered Number	06019321 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		560,886		568,998
Investment property	4		600,000		600,000
			1,160,886		1,168,998
Current assets
Stocks	5	135,646		137,483
Debtors		469,667		335,831
Cash at bank and on hand		506,523		885,312
		1,111,836		1,358,626
Creditors amounts falling due within one year	6	(147,383)		(223,291)
Net current assets (liabilities)			964,453		1,135,335
Total assets less current liabilities			2,125,339		2,304,333
Creditors amounts falling due after one year	7		(4,835)		(293,297)
Provisions for liabilities	9		(93,842)		(90,207)
Net assets			2,026,662		1,920,829
Capital and reserves
Called up share capital			2		2
Profit and loss account			2,026,660		1,920,827
Shareholders' funds			2,026,662		1,920,829

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 November 2025, and are signed on its behalf by:

LAMB, Ian David
Director

RUSSELL, Richard James
Director

Registered Company No. 06019321

INNERSPACE (CHESHIRE) LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	5
Plant and machinery	20	-
Vehicles	25	-
Office Equipment	20	-

	Investment property
	Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2025		2024
	Average number of employees during the year	22		20

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 01 April 24	475,491	-	104,991	10,058	60,301	650,841
Additions	-	10,860	-	-	4,883	15,743
At 31 March 25	475,491	10,860	104,991	10,058	65,184	666,584
Depreciation and impairment
At 01 April 24	-	-	42,760	2,013	37,070	81,843
Charge for year	-	2,172	15,558	502	5,623	23,855
At 31 March 25	-	2,172	58,318	2,515	42,693	105,698
Net book value
At 31 March 25	475,491	8,688	46,673	7,543	22,491	560,886
At 31 March 24	475,491	-	62,231	8,045	23,231	568,998

4.	Investment property


		£
	Fair value at 01 April 24	600,000
	At 31 March 25	600,000

5.	Stocks

	2025	2024
	£	£
Raw materials and consumables	135,646	137,483
Total	135,646	137,483

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	30,813	51,596
Bank borrowings and overdrafts	-	25,175
Taxation and social security	91,570	130,537
Finance lease and HP contracts	1,400	1,500
Other creditors	14,475	12,660
Accrued liabilities and deferred income	9,125	1,823
Total	147,383	223,291


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	286,753
Other creditors	4,835	6,544
Total	4,835	293,297

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	4,835		6,543

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	93,842	90,207
Total	93,842	90,207

10.	Related party transactions
	There is a loan owing to Innerspace (Cheshire) Limited of £74,807 (£63,893- 2024) from Innerspace Properties Limited at 31 March 2025.