Registered number
05355451
Iron Maidens (Nottingham) Limited
Report and Accounts
28 February 2023
Iron Maidens (Nottingham) Limited
Report to the directors on the preparation of the unaudited statutory accounts of Iron Maidens (Nottingham) Limited for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Iron Maidens (Nottingham) Limited for the year ended 28 February 2023 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
9 October 2023
Iron Maidens (Nottingham) Limited
Registered number: 05355451
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 37,615 17,478
Current assets
Cash at bank and in hand 6,507 35,784
Creditors: amounts falling due within one year 4 (4,725) (11,576)
Net current assets 1,782 24,208
Total assets less current liabilities 39,397 41,686
Creditors: amounts falling due after more than one year 5 (15,269) (17,593)
Net assets 24,128 24,093
Capital and reserves
Called up share capital 2 2
Profit and loss account 24,126 24,091
Shareholders' funds 24,128 24,093
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
J L Gladish
Director
Approved by the board on 9 October 2023
Iron Maidens (Nottingham) Limited
Notes to the Accounts
for the year ended 28 February 2023
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.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 3 year straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2022 29,121 33,698 62,819
Additions - 31,200 31,200
Disposals - (21,155) (21,155)
At 28 February 2023 29,121 43,743 72,864
Depreciation
At 1 March 2022 25,547 19,794 45,341
Charge for the year 893 1,245 2,138
On disposals - (12,230) (12,230)
At 28 February 2023 26,440 8,809 35,249
Net book value
At 28 February 2023 2,681 34,934 37,615
At 28 February 2022 3,574 13,904 17,478
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 450 399
Trade creditors 403 382
Corporation tax - 3,923
Other creditors 3,872 6,872
4,725 11,576
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 15,269 17,593
6 Other information
Iron Maidens (Nottingham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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