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REGISTERED NUMBER: 04672834 (England and Wales)












Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Irismead Ltd

Irismead Ltd (Registered number: 04672834)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Irismead Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs J Merrony
N Merrony
J Merrony





REGISTERED OFFICE: 1-2 Church Street
Tenby
Pembrokeshire
SA70 7AH





REGISTERED NUMBER: 04672834 (England and Wales)

Irismead Ltd (Registered number: 04672834)

Abridged Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,067 53,831

CURRENT ASSETS
Stocks 60,794 37,757
Debtors (1,514 ) 3,306
Cash at bank 8,404 58,687
67,684 99,750
CREDITORS
Amounts falling due within one year 55,615 38,286
NET CURRENT ASSETS 12,069 61,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,136

115,295

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 70,134 115,293
70,136 115,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Irismead Ltd (Registered number: 04672834)

Abridged Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:




Mrs J Merrony - Director N Merrony - Director




J Merrony - Director


Irismead Ltd (Registered number: 04672834)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Irismead Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 or deferred taxation assets and liabilities are not discounted.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 5 ) .

Irismead Ltd (Registered number: 04672834)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2022 103,667
Additions 25,494
Disposals (7,750 )
At 28 February 2023 121,411
DEPRECIATION
At 1 March 2022 49,836
Charge for year 18,806
Eliminated on disposal (5,298 )
At 28 February 2023 63,344
NET BOOK VALUE
At 28 February 2023 58,067
At 28 February 2022 53,831