I-4Business EMEA Ltd Filleted Accounts Cover
I-4Business EMEA Ltd
Company No. 10793203
Information for Filing with The Registrar
For the year ended
30 April 2023
I-4Business EMEA Ltd Balance Sheet Registrar
at
30 April 2023
Company No.
10793203
Notes
2023
2022
£
£
Fixed assets
Tangible assets
4
-72
-72
Current assets
Debtors
5
342,557370,902
Cash at bank and in hand
1,365,741671,449
1,708,2981,042,351
Creditors: Amount falling due within one year
6
(283,836)
(238,464)
Net current assets
1,424,462803,887
Total assets less current liabilities
1,424,462803,959
Provisions for liabilities
Deferred taxation
-
(18)
Net assets
1,424,462803,941
Capital and reserves
Called up share capital
7
100100
Profit and loss account
8
1,424,362803,841
Total equity
1,424,462803,941
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 April 2023 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 13 October 2023
And signed on its behalf by:
T.O. Stevens
R.J. Stevens
Director
Director
13 October 2023
13 October 2023
I-4Business EMEA Ltd Notes to the Accounts Registrar
for the year ended 30 April 2023
1
General information
Its registered number is: 10793203
Its registered office is:
Unit 11, Riverside Park
Industrial Estate
Dogflud Way, Farnham
Surrey
GU9 7UG
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
2
Accounting policies
Turnover
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the
Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are
provided in accordance with the stage of completion of the contract when all of the following
conditions are satisfied:
> the amount of revenue can be measured reliably;
> it is probable that the Company will receive the consideration due under the contract;
> the stage of completion of the contract at the end of the reporting period can be measured
reliably; and
> the costs incurred and the costs to complete the contract can be measured reliably.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
33.33% Straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. 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 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. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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.
Foreign currencies
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.
Interest Income
The Interest income is recognised in the Profit and Loss Account using the effective interest method.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 May 2022
2,9892,989
At 30 April 2023
2,9892,989
Depreciation
At 1 May 2022
2,9172,917
Charge for the year
7272
At 30 April 2023
2,9892,989
Net book values
At 30 April 2023
--
At 30 April 2022
72
72
5
Debtors
2023
2022
£
£
Trade debtors
210,858179,915
VAT recoverable
676-
Loans to directors
3,696139,980
Other debtors
100,000-
Prepayments and accrued income
27,32751,007
342,557370,902
6
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
7,1427,404
Amounts owed to group undertakings
21,243
19,508
Taxes and social security
57,190
118,757
Accruals and deferred income
198,26192,795
283,836238,464
7
Share Capital
Share capital includes following:
2023
2022
£
£
100 ordinary shares of £1 each
100
100
100
100
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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