Improve Inc Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07812388 (England and Wales)

Financial Statements for the Year Ended 31 October 2022

for

Improve Inc Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr D Lewis

REGISTERED OFFICE:

Apartment 39

Central Buildings

3 Matthew Parker Street

London

SW1H 9NE

REGISTERED NUMBER:

07812388 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

Badgemore House

Badgemore Park

Henley-on-Thames

Oxfordshire

RG9 4NR

FIXED ASSETS

Tangible assets

4

320

91

CURRENT ASSETS

Debtors

5

163,827

152,700

Cash at bank

512,124

449,990

675,951

602,690

CREDITORS

Amounts falling due within one year

6

78,688

43,288

NET CURRENT ASSETS

597,263

559,402

TOTAL ASSETS LESS CURRENT LIABILITIES

597,583

559,493

CAPITAL AND RESERVES

Called up share capital

600

600

Retained earnings

596,983

558,893

SHAREHOLDERS' FUNDS

597,583

559,493

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 July 2023 and were signed by:

Mr D Lewis - Director

1.	STATUTORY INFORMATION

Improve Inc Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

15,547

Additions

478

At 31 October 2022

16,025

DEPRECIATION

At 1 November 2021

15,456

Charge for year

249

At 31 October 2022

15,705

NET BOOK VALUE

At 31 October 2022

320

At 31 October 2021

91

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

94,775

49,933

Other debtors

69,052

102,767

163,827

152,700

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

77,188

41,938

Other creditors

1,500

1,350

78,688

43,288

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

2022

2021

£

£

Mr D Lewis

Balance outstanding at start of year

77,560

77,560

Amounts repaid

(33,715

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

43,845

77,560

8.	RELATED PARTY DISCLOSURES