Inglis Hall And Co Limited,Ltd - AccountsLtd - Accounts

INGLIS HALL AND CO LIMITED - Company Information

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Inglis Hall And Co Limited

Registered Number:08436507

For the year ended 31 March 2023

England and Wales

Unaudited Financial Statements

Registered Number :

08436507

As at 31 March 2023

Inglis Hall And Co Limited

Statement of Financial Position

2022

2023

Notes

Fixed assets

Property, plant and equipment

120,321

89,900

120,321

89,900

Current assets

Inventories

50,000

35,000

Trade and other receivables

41,122

29,433

40,583

Cash and cash equivalents

81,868

146,301

131,705

Trade and other payables: amounts falling due within one

year

(168,314)

(149,533)

(36,609)

(3,232)

Net current liabilities

Total assets less current liabilities

117,089

53,291

Trade and other payables: amounts falling due after more

than one year

(38,998)

(102,859)

14,230

Net assets

14,293

Capital and reserves

Called up share capital

154

Share premium account

1,946

Retained earnings

12,130

12,193

14,230

14,293

Shareholders' funds

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.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

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

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Registered Number :

08436507

For the year ended 31 March 2023

Inglis Hall And Co Limited

Statement of Financial Position Continued

T Flux Director

These financial statements were approved and authorised for issue by the Board on 19 June 2023 and were signed by:

The notes form part of these financial statements

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For the year ended 31 March 2023

Inglis Hall And Co Limited

Notes to the Financial Statements

Statutory Information

Inglis Hall And Co Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 08436507.

Principal place of business:

Block C Units 1,2,5 & 6

Swallow Business Park, Diamond Drive

Lower Dicker, Hailsham

East Sussex

BN27 4EL

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

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:

Land and buildings

10% Straight line

Plant and machinery

20% Reducing balance

Computer equipment

20% Reducing balance

Motor vehicles

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Inventories

Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.

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For the year ended 31 March 2023

Inglis Hall And Co Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Motor vehicles

Plant and

machinery

Land and

buildings

Cost or

valuation

At 01 April 2022

251,332

12,441

30,823

208,068

57,061

8,911

20,624

27,526

Additions

At 31 March 2023

228,692

30,823

21,352

308,393

27,526

Provision for depreciation and impairment

At 01 April 2022

161,432

6,522

21,108

133,802

Charge for year

26,640

2,966

1,943

18,978

2,753

At 31 March 2023

188,072

9,488

23,051

152,780

2,753

At 31 March 2023

Net book value

24,773

75,912

7,772

11,864

120,321

At 31 March 2022

74,266

9,715

5,919

89,900

3. Inventories

2022

2023

Stocks

35,000

50,000

4. Trade and other receivables

2022

2023

Trade debtors

4,664

27,934

Other debtors

24,769

13,188

41,122

29,433

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For the year ended 31 March 2023

Inglis Hall And Co Limited

Notes to the Financial Statements Continued

5. Trade and other payables: amounts falling due within one year

2022

2023

Bank loans and overdraft

34,887

17,173

Trade creditors

66,218

51,766

Taxation and social security

24,551

43,183

Accruals and deferred income

7,460

11,006

Directors' loan accounts

13,728

37,728

Obligations under HP/Financial leases

4,888

Other creditors

2,689

2,570

149,533

168,314

6. Trade and other payables: amounts falling due after more than one year

2022

2023

Bank loans and overdraft

102,859

38,998

7. Related party transactions

The company is controlled by the directors who own 100% of the called up share capital.

8. Average number of persons employed

During the year the average number of employees was 12 (2022 : 12)

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