Ired UK Limited
Registered number: 05644491
Balance Sheet
as at 31 December 2021
Notes 2021 2020
£ £
Current assets
Cash at bank 1,670 13,393
Creditors: amounts falling due within one year 3 (4,148) (10,198)
Net current (liabilities)/assets (2,478) 3,195
Net (liabilities)/assets (2,478) 3,195
Capital and reserves
Called up share capital 1 1
Profit and loss account (2,479) 3,194
Shareholder's funds (2,478) 3,195
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.
C M Kim
Director
Approved by the board on 18 August 2022
Ired UK Limited
Notes to the Accounts
for the year ended 31 December 2021
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. Turnover includes revenue earned from the rendering of services. 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.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2021 2020
£ £
Corporation tax - 615
Other creditors 4,148 9,583
4,148 10,198
4 Other information
Ired UK Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 41, Chessington Business Centre
37 Cox Lane
Chessington
Surrey
KT9 1SD
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