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Registered number: 08023686

IBS Managed Account Ltd

FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/06/2023

Prepared By:
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

IBS Managed Account Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30/06/2023
DIRECTORS
Julie Travis
Harry Travis
SECRETARY
Jacqueline Davis
REGISTERED OFFICE
226 Oldham Road
Rochdale
Lancashire
OL11 2ER
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 08023686
ACCOUNTANTS
Gibsons Accountants Ltd
Chartered Accountants
226 Oldham Road
Rochdale
Lancashire
OL11 2ER

IBS Managed Account Ltd

UNAUDITED FINANCIAL STATEMENTS
FOR THEYEARENDED30/06/2023
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

IBS Managed Account Ltd

BALANCE SHEET AT 30/06/2023
20232022
Notes££
FIXED ASSETS
Tangible assets41,2251,634
CURRENT ASSETS
Debtors522,24718,954
Cash at bank and in hand122,321159,987
144,568178,941
CREDITORS: Amounts falling due within one year6124,760155,479
NET CURRENT ASSETS19,80823,462
TOTAL ASSETS LESS CURRENT LIABILITIES21,03325,096
CREDITORS: Amounts falling due after more than one year714,56122,167
PROVISIONS FOR LIABILITIES AND CHARGES8306310
NET ASSETS6,1662,619
CAPITAL AND RESERVES
Called up share capital91002
Profit and loss account6,0662,617
SHAREHOLDERS' FUNDS6,1662,619
For the year ending 30/06/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/08/2023 and signed on their behalf by
.............................
Julie Travis
Director

IBS Managed Account Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Equipmentreducing balance 25%
1c. Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life of 10 years on a straight line basis.
1f. Revenue Recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances. Revenue from the is recognised when services are delivered.

IBS Managed Account Ltd

2. EMPLOYEES
20232022
No.No.
Average number of employees66
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/07/2022139,000139,000
At 30/06/2023139,000139,000
Depreciation
At 01/07/2022139,000139,000
At 30/06/2023139,000139,000
Net Book Amounts
At 30/06/2023--
4. TANGIBLE FIXED ASSETS
EquipmentTotal
££
Cost
At 01/07/202222,63222,632
At 30/06/202322,63222,632
Depreciation
At 01/07/202220,99820,998
For the year409409
At 30/06/202321,40721,407
Net Book Amounts
At 30/06/20231,2251,225
At 30/06/20221,6341,634

IBS Managed Account Ltd

5. DEBTORS 20232022
££
Amounts falling due within one year
UK corporation tax-1,873
Other debtors - ILBP Provider (NW) Ltd12,00012,000
Other debtors - ILBP Support Ltd10,247-
Prepayments-5,081
22,24718,954
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax7,120-
VAT8,0297,563
Salaries and wages control100-
Pensions control-239
Bank Loan7,6007,600
Other creditors - appointees money97,990136,338
Other creditors - client money2,4501,368
Accruals1,4361,336
Amounts due to ILBP Ltd3535
Amounts due to ILBP Provider Ltd-1,000
124,760155,479
7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans (unsecured) >1 year14,56122,167
14,56122,167
8. PROVISIONS FOR LIABILITIES 20232022
££
Deferred taxation306310
306310

IBS Managed Account Ltd

9. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each1002
1002
New shares issued during period:
98 Ordinary shares of £1 each980
98-
10. CONTROLLING PARTY
The company is controlled by the directors and their family whom own 70% of the company's issued share capital.
11. RELATED PARTY TRANSACTIONS
The company paid business support fees to ILBP support Ltd amounting to £72,000 ( 2022: £10,500), a company in which J Travis is a shareholder.