Company Registration No. 08267915 (England and Wales)
Inkflow Limited
Unaudited accounts
for the year ended 31 March 2021
Inkflow Limited
Unaudited accounts
Contents
Inkflow Limited
Company Information
for the year ended 31 March 2021
Director
Mrs Chrysanthi Skalioti
Company Number
08267915 (England and Wales)
Registered Office
102 Providence Square
London
SE1 2EB
United Kingdom
Accountants
Virtue Accounting Limited
53 Warwick Street
Coventry
CV5 6ET
Inkflow Limited
Statement of financial position
as at 31 March 2021
Cash at bank and in hand
749
357
Creditors: amounts falling due within one year
(3,299)
(536)
Net current assets/(liabilities)
4,290
(179)
Net assets/(liabilities)
4,290
(179)
Called up share capital
10
10
Profit and loss account
4,280
(189)
Shareholders' funds
4,290
(179)
For the year ending 31 March 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 20 May 2021 and were signed on its behalf by
Mrs Chrysanthi Skalioti
Director
Company Registration No. 08267915
Inkflow Limited
Notes to the Accounts
for the year ended 31 March 2021
Inkflow Limited is a private company, limited by shares, registered in England and Wales, registration number 08267915. The registered office is 102 Providence Square, London, SE1 2EB, United Kingdom.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Inkflow Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Total
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Movements on directors' loan accounts represent timing differences between amounts owed, and payments made to, directors in respect of expenses, remuneration and dividends.
At the reporting date the amount owed by the company to Mrs Skalioti was £364, a movement of £136 from the £500 owed by the company at the beginning of the period.
Interest has not been charged on these balances and no guarantees have been provided by either the company or the directors.
7
Average number of employees
During the year the average number of employees was 1 (2020: 1).
