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REGISTERED NUMBER: 06104974 (England and Wales)






































Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Iron Gut Publishing Limited

Iron Gut Publishing Limited (Registered number: 06104974)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iron Gut Publishing Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr A B Marks
Mrs L E Marks





REGISTERED OFFICE: 98 Middlewich Road
Northwich
Cheshire
CW9 7DA





REGISTERED NUMBER: 06104974 (England and Wales)





ACCOUNTANTS: Buxton Accounting LLP
Chartered Accountants
98 Middlewich Road
Northwich
Cheshire
CW9 7DA

Iron Gut Publishing Limited (Registered number: 06104974)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 29,492 8,150

CURRENT ASSETS
Stocks 129,225 123,794
Debtors 6 469,981 627,898
Cash at bank 1,021,214 749,364
1,620,420 1,501,056
CREDITORS
Amounts falling due within one year 7 127,396 257,722
NET CURRENT ASSETS 1,493,024 1,243,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,516

1,251,484

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 1,522,416 1,251,384
SHAREHOLDERS' FUNDS 1,522,516 1,251,484

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.

Iron Gut Publishing Limited (Registered number: 06104974)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mr A B Marks - Director


Iron Gut Publishing Limited (Registered number: 06104974)

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


1. STATUTORY INFORMATION

Iron Gut Publishing Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

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 Income Statement, 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.

Deferred tax
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 year 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.

Iron Gut Publishing Limited (Registered number: 06104974)

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


3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 11 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 4,102 - 9,984 14,086
Additions 1,205 25,190 8,240 34,635
At 28 February 2023 5,307 25,190 18,224 48,721
DEPRECIATION
At 1 March 2022 1,617 - 4,319 5,936
Charge for year 922 6,297 6,074 13,293
At 28 February 2023 2,539 6,297 10,393 19,229
NET BOOK VALUE
At 28 February 2023 2,768 18,893 7,831 29,492
At 28 February 2022 2,485 - 5,665 8,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 450,508 609,639
Other debtors 19,473 18,259
469,981 627,898

Iron Gut Publishing Limited (Registered number: 06104974)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 9,310 40,337
Taxation and social security 69,315 152,443
Other creditors 48,771 64,942
127,396 257,722

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 March 2022 1,251,384
Profit for the year 311,032
Dividends (40,000 )
At 28 February 2023 1,522,416

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors were owed £8,191 by the company (2022: £3,998).

During the year, £40,000 of dividends were paid out to the shareholders (2022: £187,920).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of the company is the Board of Directors, who own 100% of the issued ordinary sahre capital of the company.