Inheritance Data Limited - Accounts

Inheritance Data Limited - Accounts

INHERITANCE DATA LIMITED - Company Information

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2022-04-01 2023-03-31 false Capium Accounts Production 1.1 09450050 bus:AbridgedAccounts 2022-04-01 2023-03-31 09450050 bus:FRS102 2022-04-01 2023-03-31 09450050 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 09450050 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 09450050 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 09450050 2022-04-01 2023-03-31 09450050 2023-03-31 09450050 bus:RegisteredOffice 2022-04-01 2023-03-31 09450050 core:WithinOneYear 2023-03-31 09450050 core:AfterOneYear 2023-03-31 09450050 bus:Director1 2022-04-01 2023-03-31 09450050 bus:Director1 2023-03-31 09450050 bus:Director1 2021-04-01 2022-03-31 09450050 2021-04-01 09450050 bus:CompanySecretary1 2022-04-01 2023-03-31 09450050 bus:LeadAgentIfApplicable 2022-04-01 2023-03-31 09450050 2021-04-01 2022-03-31 09450050 2022-03-31 09450050 core:WithinOneYear 2022-03-31 09450050 core:AfterOneYear 2022-03-31 09450050 bus:EntityAccountantsOrAuditors 2021-04-01 2022-03-31 09450050 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 09450050 bus:OrdinaryShareClass1 2023-03-31 09450050 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 09450050 bus:OrdinaryShareClass1 2022-03-31 09450050 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 09450050 bus:OrdinaryShareClass3 2023-03-31 09450050 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 09450050 bus:OrdinaryShareClass3 2022-03-31 09450050 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 09450050 bus:OrdinaryShareClass4 2023-03-31 09450050 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 09450050 bus:OrdinaryShareClass4 2022-03-31 09450050 core:PlantMachinery 2022-04-01 2023-03-31 09450050 core:PlantMachinery 2023-03-31 09450050 core:PlantMachinery 2022-03-31 09450050 core:FurnitureFittings 2022-04-01 2023-03-31 09450050 core:FurnitureFittings 2023-03-31 09450050 core:FurnitureFittings 2022-03-31 09450050 core:ComputerEquipment 2022-04-01 2023-03-31 09450050 core:ComputerEquipment 2023-03-31 09450050 core:ComputerEquipment 2022-03-31 09450050 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-03-31 09450050 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-03-31 09450050 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 09450050 core:CostValuation core:Non-currentFinancialInstruments 2022-03-31 09450050 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 09450050 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 09450050 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-03-31 09450050 core:Non-currentFinancialInstruments 2023-03-31 09450050 core:Non-currentFinancialInstruments 2022-03-31 09450050 core:ShareCapital 2023-03-31 09450050 core:ShareCapital 2022-03-31 09450050 core:RetainedEarningsAccumulatedLosses 2023-03-31 09450050 core:RetainedEarningsAccumulatedLosses 2022-03-31 09450050 dpl:Item1 2022-04-01 09450050 dpl:Item1 2023-03-31 09450050 dpl:Item1 2021-04-01 09450050 dpl:Item1 2022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 09450050


 

 

 

INHERITANCE DATA LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

Inheritance Data Limited
Contents Page
For the year ended 31 March 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 March 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Swan Saunders Ltd
31 March 2023



....................................................
Swan Saunders Ltd
Oak Lodge Business Centre
129 School Lane, Little Melton
Norwich
NR93LB
27 June 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 4 39,053    5,581 
39,053    5,581 
Current assets      
Debtors 65,932    55,646 
Cash at bank and in hand (7,849)   (24,884)
58,083    30,762 
Creditors: amount falling due within one year (45,799)   (41,080)
Net current assets 12,284    (10,318)
 
Total assets less current liabilities 51,337    (4,737)
Creditors: amount falling due after more than one year (177,723)   (165,206)
Net liabilities (126,386)   (169,943)
 

Capital and reserves 		     
Called up share capital 5 100    100 
Profit and loss account (126,485)   (170,043)
Shareholder's funds (126,385)   (169,943)
 


For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 27 June 2023 and were signed by:


-------------------------------
Bruce Cane
Director
2
General Information
Inheritance Data Limited is a private company, limited by shares, registered in , registration number 09450050, registration address Unit 14 Philip Ford Way Silfield Wymondham, NR8 9AQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant & Machinery/Website 50% Straight line

Computer equipment 25% Straight line

Fixtures & Fittings 25% Reducing balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the statement of financial position rather than as part of the company's issued share capital.
2.

Staff Costs

     

3.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 April 2022 27,027    1,184    6,730    34,941 
Additions 74,529    469    722    75,720 
Disposals -    -    -    - 
At 31 March 2023 101,556    1,653    7,452    110,661 
Depreciation
At 01 April 2022 26,057    983    2,322    29,362 
Charge for year 41,527    189    530    42,246 
On disposals -    -    -    - 
At 31 March 2023 67,584    1,172    2,852    71,608 
Net book values
Closing balance as at 31 March 2023 33,972    481    4,600    39,053 
Opening balance as at 01 April 2022 971    202    4,408    5,581 

The net book value of Computer Equipment includes £4,600(2022 £4,408) in respect of assets leased under finance leases or hire purchase contracts.

5.

Share Capital

Allotted, called up and fully paid
2023
£		   2022
£
90 Class A shares of £1.00 each 90    90 
5 Class A shares of £1.00 each 5    5 
5 Class A shares of £1.00 each 5    5 
100    100 

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