Registered number: 03512449 | ||||||||
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FOR THE YEAR ENDED 31/12/2020 | ||||||||
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Inalytics Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2020 | ||||||||
DIRECTORS | ||||||||
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REGISTERED OFFICE | ||||||||
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Surrey | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03512449 | ||||||||
ACCOUNTANTS | ||||||||
Ash & Co Accountants Ltd | ||||||||
Chartered Accountants | ||||||||
7 Woodbury Close | ||||||||
Croydon | ||||||||
Surrey | ||||||||
CR0 5PR |
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Inalytics Ltd | ||||||||
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ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2020 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
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Inalytics Ltd | ||||||||
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BALANCE SHEET AT
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2020 | 2019 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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CURRENT ASSETS | ||||||||||
Debtors | 3 |
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Cash at bank and in hand |
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3,626,838 | 3,564,981 | |||||||||
CREDITORS: Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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1,904,327 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES AND CHARGES |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital |
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Share premium account | 6 |
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Profit and loss account | 2,088,510 | 1,938,362 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
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Inalytics Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2020 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
These accounts have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. | ||||||||
The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £1. | ||||||||
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. |
1b. Going Concern | ||||||||
These accounts have been prepared on the going concern basis. At the time of approving the accounts, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the accounts. |
1c. Depreciation | ||||||||
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Equipment | straight line 33% |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Foreign Currency | ||||||||
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated. |
1f. Research And Development | ||||||||
Development costs are charged to the profit and loss account in the year of expenditure, unless individual projects satisfy all of the following criteria: - the projects are clearly defined and related expenditure is separately identifiable - the projects are technically feasible and commercially viable - current and future costs are expected to be extended by future sales and - adequate resources exist for the project to be completed. In such circumstances, the costs are carried forward and amortised over a period not exceeding five years, commencing in the year the group starts to benefit from the expenditure. |
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Inalytics Ltd | ||||||||
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1g. Taxation | ||||||||
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the accounts and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. |
1h. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
2. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 01/01/2020 | 214,390 | 214,390 | ||
Additions | 10,471 | 10,471 | ||
At 31/12/2020 | 224,861 | 224,861 | ||
Depreciation | ||||
At 01/01/2020 | 163,755 | 163,755 | ||
For the year | 26,433 | 26,433 | ||
At 31/12/2020 | 190,188 | 190,188 | ||
Net Book Amounts | ||||
At 31/12/2020 | 34,673 | 34,673 | ||
At 31/12/2019 | 50,635 | 50,635 | ||
3. DEBTORS | 2020 | 2019 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 619,264 | 543,058 | ||||||
Other debtors |
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Inalytics Ltd | ||||||||
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4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Trade creditors | 34,201 | 72,803 | ||||||
Amounts owed to group undertakings and undertakings in which the company has a participating interest | - | 20,000 | ||||||
Taxation and social security | 198,803 | 472,449 | ||||||
Other creditors | 1,316,573 | 1,095,402 | ||||||
1,549,577 | 1,660,654 | |||||||
Other creditors include income received in advance of £317,607 (2018 - £135,416). | ||||||||
5. EMPLOYEES | ||||||
2020 | 2019 | |||||
No. | No. | |||||
Average number of employees |
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20 | ||||
6. SHARE PREMIUM ACCOUNT | 2020 | 2019 | ||||
£ | £ | |||||
Share premium account | 15,569 | 15,569 |
7. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31/12/2020 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2020 | 2019 | |||||||
£ | £ | |||||||
Operating leases | 276,291 | 383,154 | ||||||
8. CONTROLLING PARTY | ||||||||
Inalytics Holdings Limited own 100% of the share capital of the comapny and is the ultimate holding company. | ||||||||
Inalytics Ltd is a private company limited by shares and incorporated in England with a company registration of 3512449. Its registered office is Corinthian House, 17 Lansdowne Road, Croydon CR0 2BX. | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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