Registered number
10632582
INTEGRITY FINANCIAL SERVICES LTD
Filleted Accounts
29 February 2024
INTEGRITY FINANCIAL SERVICES LTD
Registered number: 10632582
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 64,365 72,690
Current assets
Debtors 4 15,435 -
Cash at bank and in hand 394,951 278,236
410,386 278,236
Creditors: amounts falling due within one year 5 (94,531) (38,103)
Net current assets 315,855 240,133
Net assets 380,220 312,823
Capital and reserves
Called up share capital 100 100
Profit and loss account 380,120 312,723
Shareholders' funds 380,220 312,823
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Yogesh Shivji Bhanushali
Director
Approved by the board on 18 March 2024
INTEGRITY FINANCIAL SERVICES LTD
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 March 2023 28,000 10,987 45,742 84,729
Additions - 3,053 - 3,053
At 29 February 2024 28,000 14,040 45,742 87,782
Depreciation
At 1 March 2023 - 2,891 9,148 12,039
Charge for the year - 2,230 9,148 11,378
At 29 February 2024 - 5,121 18,296 23,417
Net book value
At 29 February 2024 28,000 8,919 27,446 64,365
At 28 February 2023 28,000 8,096 36,594 72,690
4 Debtors 2024 2023
£ £
Trade debtors 15,435 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 43,798 35,360
Other creditors 50,733 2,743
94,531 38,103
6 Other information
INTEGRITY FINANCIAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
76 Autumn Way
West Drayton
Berkshire
Middlesex
UB7 9GE
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