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Registered number: 10022104

Irthing Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023

Prepared By:
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Irthing Developments Limited

ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
DIRECTORS
Mr G W Richardson
Mrs S L Richardson
SECRETARY
Mrs S L Richardson
REGISTERED OFFICE
Unit 12 Warwick Mill Business Park
Warwick Bridge
Carlisle
Cumbria
CA4 8RR
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 10022104
ACCOUNTANTS
NB Lancaster & Co
Chartered Accountants
6 Brunswick Street
Carlisle
Cumbria
CA1 1PN

Irthing Developments Limited

ACCOUNTS
FOR THEYEARENDED28/02/2023
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-

Irthing Developments Limited

BALANCE SHEET AT 28/02/2023
20232022
Notes££
FIXED ASSETS
Tangible assets237,09637,593
CURRENT ASSETS
Stock7,3007,600
Debtors436,57520,086
Cash at bank and in hand27,16599,714
71,040127,400
CREDITORS: Amounts falling due within one year550,75089,338
NET CURRENT ASSETS20,29038,062
TOTAL ASSETS LESS CURRENT LIABILITIES57,38675,655
CREDITORS: Amounts falling due after more than one year628,68843,576
NET ASSETS28,69832,079
CAPITAL AND RESERVES
Called up share capital1,0001,000
Profit and loss account27,69831,079
SHAREHOLDERS' FUNDS28,69832,079
For the year ending 28/02/2023 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 13/11/2023 and signed on their behalf by
.............................
Mr G W Richardson
Director

Irthing Developments Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28/02/2023
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 - 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.
Plant and Machineryreducing balance 25%
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 25%
1c. Stocks
Stock and work in progress are valued at the lower of cost and net estimated selling price less selling costs. Cost is based upon the weighted average purchase price. Work in progress includes a relevant proportion of overheads according to the stage of completion.
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. Government Grants
Government and other grants are recognised in the profit and loss in the year in which they are received.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the provision of goods and services.
1g. Leases
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Irthing Developments Limited

2. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesEquipmentTotal
££££
Cost
At 01/03/202229,95048,5001,97680,426
Additions12,500-20812,708
Disposals-(4,700)-(4,700)
At 28/02/202342,45043,8002,18488,434
Depreciation
At 01/03/202215,17926,74690842,833
Disposals-(3,864)-(3,864)
For the year6,8185,23032112,369
At 28/02/202321,99728,1121,22951,338
Net Book Amounts
At 28/02/202320,45315,68895537,096
At 28/02/202214,77121,7541,06837,593
3. STOCK 20232022
££
Stock comprises:
Stock7,3007,600
7,3007,600
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors22,30317,572
UK corporation tax2511,911
VAT6,302-
Other debtors603603
Prepayments7,116-
36,57520,086

Irthing Developments Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
VAT-15,040
Other taxation and social security2,5663,889
Directors current account5872,606
Bank loan9,90011,667
Hire purchase5,3015,301
Trade creditors29,34449,140
Other creditors137195
Accruals2,9151,500
50,75089,338
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20232022
££
Bank loans >1yr23,31332,900
Hire purchase >1yr5,37510,676
28,68843,576
7. SECURED CREDITORS
20232022
££
Amount of bank loans and overdrafts which are secured-1,667
Amount of other creditors which are secured10,67615,977
Hire purchase creditors are secured on the assets to which the laibilities relate. Bank loans are secured on the assets of the company.
8. EMPLOYEES
20232022
No.No.
Average number of employees66

Irthing Developments Limited

9. RELATED PARTY TRANSACTIONS
During the year total salaries of £16,659 (2022 - £16,659) were paid to the directors.
During the year total dividends of £10,000 (2022 - £6,000) were paid to the directors.
At the balance sheet date total loans of £587 (2022 - £2,606) were owed to the directors.The loans are interest free, unsecured and repayable on demand.
10. ADDITIONAL INFORMATION
The company is a private company, limited by shares and registered in England & Wales.
The company's registered number is 10022104.
The company's registered office is Unit 12, Warwick Mill Business Park, Warwick Bridge, Carlisle, CA4 8RR.