Company Registration No. 07627967 (England and Wales)
iNBOTiQA Ltd
Unaudited accounts
for the year ended 31 May 2019
iNBOTiQA Ltd
Unaudited accounts
Contents
iNBOTiQA Ltd
Company Information
for the year ended 31 May 2019
Directors
Liza Russell
Stephen Christie
Company Number
07627967 (England and Wales)
Registered Office
KEMP HOUSE
152 CITY ROAD
LONDON
EC1V 2NX
Accountants
Cool Beans Bookkeeping Ltd
86-90 Paul Street
London
EC2A 4NE
iNBOTiQA Ltd
Statement of financial position
as at
31 May 2019
Intangible assets
798
3,090
Investments
(127,700)
(64,000)
Cash at bank and in hand
156,303
-
Creditors: amounts falling due within one year
(206,833)
(220,675)
Net current liabilities
(43,400)
(209,519)
Total assets less current liabilities
(42,056)
(206,101)
Creditors: amounts falling due after more than one year
(65,075)
(49,749)
Net liabilities
(107,131)
(255,850)
Called up share capital
20,114
20,114
Share premium
954,166
642,118
Profit and loss account
(1,081,411)
(918,082)
Shareholders' funds
(107,131)
(255,850)
For the year ending 31 May 2019 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.
Approved by the Board on 19 March 2020.
Liza Russell
Director
Company Registration No. 07627967
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2019
iNBOTiQA Ltd is a private company, limited by shares, registered in England and Wales, registration number 07627967. The registered office is KEMP HOUSE, 152 CITY ROAD, LONDON, EC1V 2NX.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
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 rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2019
4
Intangible fixed assets
Other
Charge for the year
2,292
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2018
2,998
3,886
6,884
At 31 May 2019
2,998
4,260
7,258
At 1 June 2018
2,998
3,558
6,556
Charge for the year
-
156
156
At 31 May 2019
2,998
3,714
6,712
Other debtors
89,066
74,328
7
Investments held as current assets
2019
2018
Unlisted investments
(127,700)
(64,000)
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2019
8
Creditors: amounts falling due within one year
2019
2018
Trade creditors
165,694
159,246
Taxes and social security
23,197
39,259
Other creditors
17,942
22,170
9
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
65,075
49,749
10
Share capital
2019
2018
Allotted, called up and fully paid:
2,011,360 Ordinary shares of £0.01 each
20,113.60
20,113.60
11
Average number of employees
During the year the average number of employees was 3 (2018: 1).