Company Registration No. 07627967 (England and Wales)
iNBOTiQA Ltd
Unaudited accounts
for the year ended 31 May 2022
iNBOTiQA Ltd
Unaudited accounts
Contents
iNBOTiQA Ltd
Company Information
for the year ended 31 May 2022
Directors
Liza Russell
Michelle Grew
Victoria Raffe
Mark Hunt
Company Number
07627967 (England and Wales)
Registered Office
124 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 2022
Tangible assets
1,901
3,035
Cash at bank and in hand
17,825
23,043
Creditors: amounts falling due within one year
(138,485)
(130,385)
Net current liabilities
(38,070)
(134,635)
Total assets less current liabilities
(36,169)
(131,600)
Creditors: amounts falling due after more than one year
(936,674)
(757,278)
Net liabilities
(972,843)
(888,878)
Called up share capital
30,261
30,261
Share premium
1,072,562
947,853
Profit and loss account
(2,075,666)
(1,866,992)
Shareholders' funds
(972,843)
(888,878)
For the year ending 31 May 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2022 and were signed on its behalf by
Liza Russell
Director
Company Registration No. 07627967
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2022
iNBOTiQA Ltd is a private company, limited by shares, registered in England and Wales, registration number 07627967. The registered office is 124 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.
The financial statements have been prepared on a going concern basis on the assumption that the company's directors, suppliers and other creditors will continue to provide the necessary support to enable the company to trade for the foreseeable
future.
The convertible loan was converted to equity and therefore the current asset investment has been reclassified as equity.
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2022
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2021
2,998
8,421
11,419
At 31 May 2022
2,998
8,421
11,419
At 1 June 2021
2,998
5,386
8,384
Charge for the year
-
1,134
1,134
At 31 May 2022
2,998
6,520
9,518
At 31 May 2022
-
1,901
1,901
At 31 May 2021
-
3,035
3,035
Amounts falling due within one year
Trade debtors
3,450
11,047
Accrued income and prepayments
-
664
Other debtors
29,140
24,887
Amounts falling due after more than one year
Other debtors
50,000
60,000
7
Investments held as current assets
2022
2021
Unlisted investments
-
(123,891)
The current asset investment was converted to equity.
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2022
8
Creditors: amounts falling due within one year
2022
2021
Trade creditors
129,428
150,553
Taxes and social security
(7,582)
(34,284)
Other creditors
7,137
620
9
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
936,674
757,278
10
Share capital
2022
2021
Allotted, called up and fully paid:
3,025,814 Ordinary shares of £0.01 each
30,258.14
30,258.14
361 Ordinary B Shares of £0.01 each
3.61
3.61
11
Average number of employees
During the year the average number of employees was 4 (2021: 9).