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REGISTERED NUMBER: 03595206 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

ILGS LTD.

ILGS LTD. (Registered number: 03595206)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILGS LTD.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr A Khanna
Mrs R Khanna





REGISTERED OFFICE: 2 Winey Close
Chessington
Surrey
KT9 2SP





REGISTERED NUMBER: 03595206 (England and Wales)






ILGS LTD. (Registered number: 03595206)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,947 34,595

CURRENT ASSETS
Debtors 5 96 1,357
Cash at bank 119,110 119,595
119,206 120,952
CREDITORS
Amounts falling due within one year 6 73,215 84,233
NET CURRENT ASSETS 45,991 36,719
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,938

71,314

CREDITORS
Amounts falling due after more than one
year

7

9,640

15,104
NET ASSETS 62,298 56,210

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 62,198 56,110
SHAREHOLDERS' FUNDS 62,298 56,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ILGS LTD. (Registered number: 03595206)

Balance Sheet - continued
31 October 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 25 November 2023 and were signed on its behalf by:





Mr A Khanna - Director


ILGS LTD. (Registered number: 03595206)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

ILGS 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

ILGS LTD. (Registered number: 03595206)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022
and 31 October 2023 3,907 45,590 49,497
DEPRECIATION
At 1 November 2022 3,504 11,398 14,902
Charge for year 100 8,548 8,648
At 31 October 2023 3,604 19,946 23,550
NET BOOK VALUE
At 31 October 2023 303 25,644 25,947
At 31 October 2022 403 34,192 34,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors - 1,261
Other debtors 96 96
96 1,357

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 132 1,963
Taxation and social security 12,083 4,900
Other creditors 61,000 77,370
73,215 84,233

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Other creditors 9,640 15,104