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REGISTERED NUMBER: 11808289 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

IB CIVILS LTD

IB CIVILS LTD (REGISTERED NUMBER: 11808289)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IB CIVILS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: I Bishop
S Ramsdale





REGISTERED OFFICE: C/O JRB Accountancy Ltd
Oak House Business Centre
Samuel Brunts Way
Mansfield
Nottinghamshire
NG18 2AH





REGISTERED NUMBER: 11808289 (England and Wales)






IB CIVILS LTD (REGISTERED NUMBER: 11808289)

BALANCE SHEET
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 208 427

CURRENT ASSETS
Debtors 5 53,289 12,049
Cash at bank 203,752 110,242
257,041 122,291
CREDITORS
Amounts falling due within one year 6 103,821 52,924
NET CURRENT ASSETS 153,220 69,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,428

69,794

CREDITORS
Amounts falling due after more than one year 7 (15,469 ) (21,390 )

PROVISIONS FOR LIABILITIES (40 ) (81 )
NET ASSETS 137,919 48,323

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,819 48,223
137,919 48,323

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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.

IB CIVILS LTD (REGISTERED NUMBER: 11808289)

BALANCE SHEET - continued
28TH 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 13th November 2023 and were signed on its behalf by:





I Bishop - Director


IB CIVILS LTD (REGISTERED NUMBER: 11808289)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023


1. STATUTORY INFORMATION

IB Civils 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.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

IB CIVILS LTD (REGISTERED NUMBER: 11808289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st March 2022
and 28th February 2023 876
DEPRECIATION
At 1st March 2022 449
Charge for year 219
At 28th February 2023 668
NET BOOK VALUE
At 28th February 2023 208
At 28th February 2022 427

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 53,117 11,130
Other debtors 172 919
53,289 12,049

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,922 5,776
Trade creditors 23,627 2,005
Taxation and social security 39,294 29,418
Other creditors 34,978 15,725
103,821 52,924

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 15,469 21,390

IB CIVILS LTD (REGISTERED NUMBER: 11808289)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023


8. RELATED PARTY DISCLOSURES

I Bishop and S Ramsdale

Directors


During the period a loan account subsisted with the directors. The company advanced to the directors £73,150 and the directors repaid to the company £90,524. At the period end a balance of £32,527 (2022: £15,153) was due to the directors. The loan is under no specific repayment terms. Interest is charged on the loan at a market rate.