Company Registration No. 07627967 (England and Wales)
iNBOTiQA Ltd
Unaudited accounts
for the year ended 31 May 2021
iNBOTiQA Ltd
Unaudited accounts
Contents
iNBOTiQA Ltd
Company Information
for the year ended 31 May 2021
Directors
Liza Russell
Michelle Grew
Victoria Raffe
Mark Hunt
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 2021
Tangible assets
3,035
3,011
Investments
(123,891)
(123,891)
Cash at bank and in hand
23,043
30,559
Creditors: amounts falling due within one year
(130,385)
(263,446)
Net current (liabilities)/assets
(134,635)
190,634
Total assets less current liabilities
(131,600)
193,645
Creditors: amounts falling due after more than one year
(757,278)
(396,324)
Net liabilities
(888,878)
(202,679)
Called up share capital
30,261
30,258
Share premium
947,853
947,831
Profit and loss account
(1,866,992)
(1,180,768)
Shareholders' funds
(888,878)
(202,679)
For the year ending 31 May 2021 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 24 January 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 2021
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.
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.
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2021
4
Intangible fixed assets
Other
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
2,998
7,276
10,274
At 31 May 2021
2,998
8,421
11,419
At 1 June 2020
2,998
4,265
7,263
Charge for the year
-
1,121
1,121
At 31 May 2021
2,998
5,386
8,384
At 31 May 2021
-
3,035
3,035
At 31 May 2020
-
3,011
3,011
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
11,047
459,189
Accrued income and prepayments
664
-
Other debtors
24,887
23,223
Debtors: amounts falling due after more than one year
Other debtors
60,000
65,000
7
Investments held as current assets
2021
2020
Unlisted investments
(123,891)
(123,891)
iNBOTiQA Ltd
Notes to the Accounts
for the year ended 31 May 2021
8
Creditors: amounts falling due within one year
2021
2020
Trade creditors
150,553
163,211
Taxes and social security
(34,284)
15,095
Other creditors
620
2,255
9
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
757,278
396,324
10
Share capital
2021
2020
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
-
Shares issued during the period:
361 Ordinary B Shares of £0.01 each
3.61
11
Average number of employees
During the year the average number of employees was 9 (2020: 7).