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REGISTERED NUMBER: 03000548 (England and Wales)











Interactive Business Solutions Limited

Unaudited Financial Statements

for the Year Ended 30 November 2021






Interactive Business Solutions Limited (Registered number: 03000548)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Interactive Business Solutions Limited

Company Information
for the Year Ended 30 November 2021







Director: S Jagota





Registered office: 5 Cranwell Close
St Albans
Hertfordshire
AL4 0SH





Registered number: 03000548 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Interactive Business Solutions Limited (Registered number: 03000548)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £   
Fixed assets
Tangible assets 4 2,529 2,865

Current assets
Debtors 5 286 -
Cash at bank 30,687 7,192
30,973 7,192
Creditors
Amounts falling due within one year 6 (14,339 ) (19,386 )
Net current assets/(liabilities) 16,634 (12,194 )
Total assets less current liabilities 19,163 (9,329 )

Creditors
Amounts falling due after more than one
year

7

(31,000

)

-
Net liabilities (11,837 ) (9,329 )

Capital and reserves
Called up share capital 8 2 2
Retained earnings (11,839 ) (9,331 )
Shareholders' funds (11,837 ) (9,329 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

Interactive Business Solutions Limited (Registered number: 03000548)

Balance Sheet - continued
30 November 2021


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 2 September 2022 and were signed by:





S Jagota - Director


Interactive Business Solutions Limited (Registered number: 03000548)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. Statutory information

Interactive Business Solutions Limited 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.

Despite this being a challenging year due to Covid-19 the company still has the support of the director. In the director's opinion the business is not affected and continues to be a going concern.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

3. Employees and directors

The average number of employees during the year was 2 (2020 - 2 ) .

4. Tangible fixed assets
Fixtures
and
fittings
£   
Cost
At 1 December 2020 6,992
Additions 475
At 30 November 2021 7,467
Depreciation
At 1 December 2020 4,127
Charge for year 811
At 30 November 2021 4,938
Net book value
At 30 November 2021 2,529
At 30 November 2020 2,865

Interactive Business Solutions Limited (Registered number: 03000548)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

5. Debtors: amounts falling due within one year
30.11.21 30.11.20
£    £   
Directors' current accounts 119 -
VAT 167 -
286 -

6. Creditors: amounts falling due within one year
30.11.21 30.11.20
£    £   
Corporation tax 13,764 17,234
Social security and other taxes - 73
VAT - 1,504
Accrued expenses 575 575
14,339 19,386

7. Creditors: amounts falling due after more than one year
30.11.21 30.11.20
£    £   
Bank loans - 2-5 years 31,000 -

8. Called up share capital


Allotted, issued and fully paid:
Number: Class: Nominal 30.11.21 30.11.20
value: £    £   
2 Ordinary £1 2 2

9. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 November 2021 and 30 November 2020:

30.11.21 30.11.20
£    £   
S Jagota
Balance outstanding at start of year - 317
Amounts advanced 119 -
Amounts repaid - (317 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 119 -

Interactive Business Solutions Limited (Registered number: 03000548)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

9. Director's advances, credits and guarantees - continued

The loan is interest free and fully repayable on demand.