Company Registration No. 07627967 (England and Wales)
iNBOTiQA Ltd
Unaudited accounts
for the year ended 31 May 2018
iNBOTiQA Ltd
Unaudited accounts
Contents
iNBOTiQA Ltd
Company Information
for the year ended 31 May 2018
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 2018
Intangible assets
3,090
5,382
Tangible assets
328
1,180
Cash at bank and in hand
-
5,726
Creditors: amounts falling due within one year
(220,675)
(304,743)
Net current liabilities
(209,519)
(289,135)
Total assets less current liabilities
(206,101)
(282,573)
Creditors: amounts falling due after more than one year
(49,749)
-
Net liabilities
(255,850)
(282,573)
Called up share capital
20,114
20,114
Share premium
642,118
605,118
Profit and loss account
(918,082)
(907,805)
Shareholders' funds
(255,850)
(282,573)
For the year ending 31 May 2018 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 28 February 2019.
Liza Russell
Director
Company Registration No. 07627967
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2018
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 2018
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 2017
2,998
3,886
6,884
At 31 May 2018
2,998
3,886
6,884
At 1 June 2017
2,847
2,857
5,704
Charge for the year
151
701
852
At 31 May 2018
2,998
3,558
6,556
At 31 May 2017
151
1,029
1,180
Other debtors
74,328
7,796
7
Investments held as current assets
2018
2017
Unlisted investments
(64,000)
-
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2018
8
Creditors: amounts falling due within one year
2018
2017
Trade creditors
159,246
155,308
Taxes and social security
39,259
52,752
Other creditors
22,170
101,517
Loans from directors
-
(4,834)
9
Creditors: amounts falling due after more than one year
2018
2017
10
Share capital
2018
2017
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 1 (2017: 1).