Registered number
12784703
Iqpark Ltd
Filleted Accounts
31 July 2022
Iqpark Ltd
Registered number: 12784703
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Current assets
Stocks 24,980 15,000
Debtors 3 (1,132) (1,381)
Cash at bank and in hand 1,740 241
25,588 13,860
Creditors: amounts falling due within one year 4 (49,756) (26,012)
Net current liabilities (24,168) (12,152)
Total assets less current liabilities (24,168) (12,152)
Creditors: amounts falling due after more than one year 5 (2,631) (5,116)
Net liabilities (26,799) (17,268)
Capital and reserves
Called up share capital 1 1
Profit and loss account (26,800) (17,269)
Shareholder's funds (26,799) (17,268)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Ilker Yeniev
Director
Approved by the board on 15 August 2022
Iqpark Ltd
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2022 2021
£ £
Trade debtors (1,132) (1,381)
4 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts (422) 1,981
Trade creditors 7,864 7,168
Taxation and social security costs 1,802 1,589
Other creditors 40,512 15,274
49,756 26,012
5 Creditors: amounts falling due after one year 2022 2021
£ £
Other creditors 2,631 5,116
6 Other information
Iqpark Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Golf Lane
Whitnash
Leamington Spa
CV31 2PU
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