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Company Registration No. 4531555 (England and Wales)
Ironing by the Professionals Limited Unaudited accounts for the year ended 30 September 2023
Ironing by the Professionals Limited Unaudited accounts Contents
Page
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Ironing by the Professionals Limited Company Information for the year ended 30 September 2023
Directors
Mr M J Chaplin Mrs C J Chaplin
Company Number
4531555 (England and Wales)
Registered Office
Moreton House 31 High Street Buckingham Bucks MK18 1NU
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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Ironing by the Professionals Limited Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,382 
1,634 
Current assets
Inventories
396 
448 
Debtors
- 
51 
Cash at bank and in hand
88,258 
81,156 
88,654 
81,655 
Creditors: amounts falling due within one year
(19,573)
(13,656)
Net current assets
69,081 
67,999 
Total assets less current liabilities
70,463 
69,633 
Creditors: amounts falling due after more than one year
(7,796)
(10,541)
Provisions for liabilities
Deferred tax
(263)
(317)
Net assets
62,404 
58,775 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
62,402 
58,773 
Shareholders' funds
62,404 
58,775 
For the year ending 30 September 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 November 2023 and were signed on its behalf by
Mr M J Chaplin Director Company Registration No. 4531555
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Ironing by the Professionals Limited Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Ironing by the Professionals Limited is a private company, limited by shares, registered in England and Wales, registration number 4531555. The registered office is Moreton House, 31 High Street, Buckingham, Bucks, MK18 1NU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ironing by the Professionals Limited Notes to the Accounts for the year ended 30 September 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
9,849 
12,849 
4,107 
26,805 
At 30 September 2023
9,849 
12,849 
4,107 
26,805 
Depreciation
At 1 October 2022
8,461 
12,778 
3,932 
25,171 
Charge for the year
208 
17 
27 
252 
At 30 September 2023
8,669 
12,795 
3,959 
25,423 
Net book value
At 30 September 2023
1,180 
54 
148 
1,382 
At 30 September 2022
1,388 
71 
175 
1,634 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
51 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
5,019 
- 
Loans from directors
13,604 
12,706 
Accruals
950 
950 
19,573 
13,656 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,796 
10,541 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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