Company Registration No. 11312444 (England and Wales)
Irn Bruvvas Ltd
Unaudited accounts
for the year ended 30 April 2023
Irn Bruvvas Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
25,900
20,219
Cash at bank and in hand
5,430
3,458
Creditors: amounts falling due within one year
(206,912)
(166,019)
Net current liabilities
(176,819)
(148,333)
Net liabilities
(150,919)
(128,114)
Called up share capital
3
3
Profit and loss account
(150,922)
(128,117)
Shareholders' funds
(150,919)
(128,114)
For the year ending 30 April 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by
Dominic Sherington
Director
Company Registration No. 11312444
Irn Bruvvas Ltd
Notes to the Accounts
for the year ended 30 April 2023
Irn Bruvvas Ltd is a private company, limited by shares, registered in England and Wales, registration number 11312444. The registered office is 262 Hackney Road, E2 7SJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2022
19,371
6,420
25,791
Additions
11,627
1,922
13,549
At 30 April 2023
30,998
8,342
39,340
At 1 May 2022
4,288
1,284
5,572
Charge for the year
6,200
1,668
7,868
At 30 April 2023
10,488
2,952
13,440
At 30 April 2023
20,510
5,390
25,900
At 30 April 2022
15,083
5,136
20,219
Irn Bruvvas Ltd
Notes to the Accounts
for the year ended 30 April 2023
Amounts falling due within one year
Trade debtors
12,154
1,437
Accrued income and prepayments
12,009
5,000
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
30,478
41,126
Trade creditors
29,866
34,932
Taxes and social security
80,906
46,142
Other creditors
2,178
1,227
Loans from directors
54,018
42,592
7
Average number of employees
During the year the average number of employees was 15 (2022: 10).