IRIS Accounts Production v23.3.0.418 03047882 director 1.1.22 31.12.22 31.12.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh030478822021-12-31030478822022-12-31030478822022-01-012022-12-31030478822020-12-31030478822021-01-012021-12-31030478822021-12-3103047882ns10:Originalns15:EnglandWales2022-01-012022-12-3103047882ns14:PoundSterlingns10:Original2022-01-012022-12-3103047882ns10:Originalns10:Director12022-01-012022-12-3103047882ns10:Original2022-01-012022-12-3103047882ns10:Original2022-12-3103047882ns10:Originalns10:PrivateLimitedCompanyLtd2022-01-012022-12-3103047882ns10:Originalns10:SmallEntities2022-01-012022-12-3103047882ns10:Originalns10:AuditExemptWithAccountantsReport2022-01-012022-12-3103047882ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3103047882ns10:SmallCompaniesRegimeForAccountsns10:Original2022-01-012022-12-3103047882ns10:Originalns10:FullAccounts2022-01-012022-12-3103047882ns10:Originalns10:RegisteredOffice2022-01-012022-12-3103047882ns10:Original2021-12-3103047882ns10:Originalns5:CurrentFinancialInstruments2022-12-3103047882ns10:Originalns5:CurrentFinancialInstruments2021-12-3103047882ns10:Originalns5:Non-currentFinancialInstruments2022-12-3103047882ns10:Originalns5:Non-currentFinancialInstruments2021-12-3103047882ns5:ShareCapitalns10:Original2022-12-3103047882ns5:ShareCapitalns10:Original2021-12-3103047882ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3103047882ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-12-3103047882ns10:Original2021-01-012021-12-3103047882ns10:Originalns5:FurnitureFittings2021-12-3103047882ns10:Originalns5:ComputerEquipment2021-12-3103047882ns10:Original2021-12-3103047882ns10:Originalns5:FurnitureFittings2022-01-012022-12-3103047882ns10:Originalns5:ComputerEquipment2022-01-012022-12-3103047882ns10:Originalns5:FurnitureFittings2022-12-3103047882ns10:Originalns5:ComputerEquipment2022-12-3103047882ns10:Originalns5:FurnitureFittings2021-12-3103047882ns10:Originalns5:ComputerEquipment2021-12-3103047882ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3103047882ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-12-3103047882ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3103047882ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2021-12-3103047882ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3103047882ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2021-12-3103047882ns10:Originalns5:WithinOneYear2022-12-3103047882ns10:Originalns5:WithinOneYear2021-12-3103047882ns5:BetweenOneFiveYearsns10:Original2022-12-3103047882ns5:BetweenOneFiveYearsns10:Original2021-12-3103047882ns10:Originalns5:AllPeriods2022-12-3103047882ns10:Originalns5:AllPeriods2021-12-31
REGISTERED NUMBER: 03047882 (England and Wales)


















I4 PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022






I4 PROJECTS LIMITED (REGISTERED NUMBER: 03047882)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


I4 PROJECTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: C Allen





REGISTERED OFFICE: Fryern House
125 Winchester Road
Eastleigh
Hampshire
SO53 2DR





REGISTERED NUMBER: 03047882 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
I4 PROJECTS LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of i4 Projects Limited for the year ended 31 December 2022 which comprise the Statement of Income and Retained Earnings, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of i4 Projects Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of i4 Projects Limited and state those matters that we have agreed to state to the director of i4 Projects Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than i4 Projects Limited and its director for our work or for this report.

It is your duty to ensure that i4 Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of i4 Projects Limited. You consider that i4 Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of i4 Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Fryern House
125 Winchester Road
Chandlers Ford
Hampshire
SO53 2DR


27 October 2023

I4 PROJECTS LIMITED (REGISTERED NUMBER: 03047882)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,563 4,061

CURRENT ASSETS
Debtors 5 17,580 39,937
Cash at bank 273,687 490,544
291,267 530,481
CREDITORS
Amounts falling due within one year 6 130,975 402,323
NET CURRENT ASSETS 160,292 128,158
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,855

132,219

CREDITORS
Amounts falling due after more than one
year

7

29,923

39,691
NET ASSETS 133,932 92,528

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 133,832 92,428
133,932 92,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 October 2023 and were signed by:





C Allen - Director


I4 PROJECTS LIMITED (REGISTERED NUMBER: 03047882)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022


1. STATUTORY INFORMATION

i4 Projects Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03047882 and the address of its registered office is Fryern House, 125 Winchester Road, Eastleigh, Hampshire, SO53 2DR.

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.

The presentation currency is £ sterling.

Significant judgements and estimates
The preparation of the financial statements requires management to make make judgements, estimates and assumptions that affect the amount reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means the actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue recognition
Revenue is recognised in relation to the value of work carried out which is based on the project as a whole. Judgements are made on the timing of revenue recognition based on the percentage completion of the work, and the expected outcome of the contract.

Other key sources of estimation uncertainty

Revenue recognition
The degree of completion of contracts is estimated by reviewing the costs incurred to to date against the total expected costs of the project.

Turnover
Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the income statement turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Depreciation
All fixed assets are initially recorded at cost.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings- 6 years straight line
Computer equipment - 3 years straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of Income and Retained Earnings.

I4 PROJECTS LIMITED (REGISTERED NUMBER: 03047882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only has financial assets and liabilities of the kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently
measured at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Grants of a revenue nature are credited to the Statement of Income and Retained Earnings in the period to which they relate in accordance with the terms of the grant. Any accrued or deferred element of the grant is included in debtors or creditors as applicable.

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

I4 PROJECTS LIMITED (REGISTERED NUMBER: 03047882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022 1,559 2,726 4,285
Additions 59 205 264
At 31 December 2022 1,618 2,931 4,549
DEPRECIATION
At 1 January 2022 63 161 224
Charge for year 275 487 762
At 31 December 2022 338 648 986
NET BOOK VALUE
At 31 December 2022 1,280 2,283 3,563
At 31 December 2021 1,496 2,565 4,061

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 11,001 19,641
Other debtors 2,098 -
VAT - 7,594
Prepayments and accrued income 4,481 12,702
17,580 39,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,768 9,527
Trade creditors 34,676 181,737
Amounts owed to group undertakings - 23,900
Corporation tax 9,900 32,457
Social security and other taxes 1,572 174
VAT 15,823 -
Other creditors 29,076 82,707
Accruals and deferred income 30,160 71,821
130,975 402,323

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,015 9,768
Bank loans - 2-5 years 19,908 29,923
29,923 39,691

I4 PROJECTS LIMITED (REGISTERED NUMBER: 03047882)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022


8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year 12,000 5,000
Between one and five years 5,000 -
17,000 5,000