THE NATIONAL INVENTORY COMPANY LTD

THE NATIONAL INVENTORY COMPANY LTD

THE NATIONAL INVENTORY COMPANY LTD - Company Information

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1 February 2021 false No description of principal activity Taxfiler 2022.10.3 11169267business:PrivateLimitedCompanyLtd2021-02-012022-01-31 111692672021-01-31 111692672021-02-012022-01-31 11169267business:AuditExemptWithAccountantsReport2021-02-012022-01-31 11169267business:FullAccounts2021-02-012022-01-31 111692672022-01-31 11169267business:Director22021-02-012022-01-31 11169267business:CompanySecretary12021-02-012022-01-31 11169267business:RegisteredOffice2021-02-012022-01-31 111692672021-01-31 11169267core:WithinOneYear2022-01-31 11169267core:WithinOneYear2021-01-31 11169267core:AfterOneYear2022-01-31 11169267core:AfterOneYear2021-01-31 11169267core:ShareCapital2022-01-31 11169267core:ShareCapital2021-01-31 11169267core:RetainedEarningsAccumulatedLosses2022-01-31 11169267core:RetainedEarningsAccumulatedLosses2021-01-31 11169267business:SmallEntities2021-02-012022-01-31 11169267countries:EnglandWales2021-02-012022-01-31 11169267core:PlantMachinery2021-02-012022-01-31 11169267core:ComputerEquipment2021-02-012022-01-31 11169267core:PlantMachinery2021-01-31 11169267core:FurnitureFittings2021-01-31 11169267core:ComputerEquipment2021-01-31 11169267core:FurnitureFittings2021-02-012022-01-31 11169267core:PlantMachinery2022-01-31 11169267core:FurnitureFittings2022-01-31 11169267core:ComputerEquipment2022-01-31 111692672020-02-012021-01-31 iso4217:GBP xbrli:pure
Company Registration No. 11169267 (England and Wales)
THE NATIONAL INVENTORY COMPANY LTD Unaudited accounts for the year ended 31 January 2022
THE NATIONAL INVENTORY COMPANY LTD Unaudited accounts Contents
Page
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THE NATIONAL INVENTORY COMPANY LTD Company Information for the year ended 31 January 2022
Director
Mrs E. Morby
Secretary
Ms J. James
Company Number
11169267 (England and Wales)
Registered Office
8 GROVE LANE GREAT KIMBLE AYLESBURY HP17 9TR ENGLAND
Accountants
SQK Accountancy Limited 275 Deansgate Manchester North West England M3 4EL
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THE NATIONAL INVENTORY COMPANY LTD Accountants' report
Accountants' report to the director of THE NATIONAL INVENTORY COMPANY LTD on the preparation of the unaudited statutory accounts for the year ended 31 January 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of THE NATIONAL INVENTORY COMPANY LTD for the year ended 31 January 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of THE NATIONAL INVENTORY COMPANY LTD, as a body, in accordance with the terms of our engagement letter dated 31 January 2022. Our work has been undertaken solely to prepare for your approval the accounts of THE NATIONAL INVENTORY COMPANY LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than THE NATIONAL INVENTORY COMPANY LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that THE NATIONAL INVENTORY COMPANY LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of THE NATIONAL INVENTORY COMPANY LTD. You consider that THE NATIONAL INVENTORY COMPANY LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of THE NATIONAL INVENTORY COMPANY LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
SQK Accountancy Limited 275 Deansgate Manchester North West England M3 4EL 28 October 2022
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THE NATIONAL INVENTORY COMPANY LTD Statement of financial position as at 31 January 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,610 
544 
Current assets
Debtors
5
95,870 
76,483 
Cash at bank and in hand
17,439 
36,901 
113,309 
113,384 
Creditors: amounts falling due within one year
6
(35,338)
(19,379)
Net current assets
77,971 
94,005 
Total assets less current liabilities
79,581 
94,549 
Creditors: amounts falling due after more than one year
7
(49,723)
(50,000)
Net assets
29,858 
44,549 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
29,848 
44,539 
Shareholders' funds
29,858 
44,549 
For the year ending 31 January 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 director acknowledges her 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 and authorised for issue on 28 October 2022 and were signed on its behalf by
Mrs E. Morby Director Company Registration No. 11169267
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THE NATIONAL INVENTORY COMPANY LTD Notes to the Accounts for the year ended 31 January 2022
1
Statutory information
THE NATIONAL INVENTORY COMPANY LTD is a private company, limited by shares, registered in England and Wales, registration number 11169267. The registered office is 8 GROVE LANE, GREAT KIMBLE, AYLESBURY, HP17 9TR, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2021
504 
- 
332 
836 
Additions
318 
50 
1,316 
1,684 
At 31 January 2022
822 
50 
1,648 
2,520 
Depreciation
At 1 February 2021
126 
- 
166 
292 
Charge for the year
193 
13 
412 
618 
At 31 January 2022
319 
13 
578 
910 
Net book value
At 31 January 2022
503 
37 
1,070 
1,610 
At 31 January 2021
378 
- 
166 
544 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Other debtors
95,870 
76,483 
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THE NATIONAL INVENTORY COMPANY LTD Notes to the Accounts for the year ended 31 January 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
798 
- 
VAT
8,673 
4,052 
Trade creditors
18,000 
- 
Taxes and social security
7,800 
14,630 
Other creditors
- 
650 
Loans from directors
67 
47 
35,338 
19,379 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
49,723 
50,000 
8
Average number of employees
During the year the average number of employees was 1 (2021: 2).
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