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REGISTERED NUMBER: 04993739 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

I.K.B. Engineering Ltd

I.K.B. Engineering Ltd (Registered number: 04993739)






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




Page

Company Information 1

Chartered Accountant's Report 2

Balance Sheet 3

Notes to the Financial Statements 5


I.K.B. Engineering Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Ian Kevin Barker





REGISTERED OFFICE: 15 Rutland Avenue
Lowton
Warrington
WA3 2RQ





REGISTERED NUMBER: 04993739 (England and Wales)





ACCOUNTANT: Susan Ellison
30 Whitchurch Close
Padgate
Warrington
Cheshire
WA1 4JZ

Chartered Accountant's Report to the Director
on the Unaudited Financial Statements of
I.K.B. Engineering Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of I.K.B. Engineering Ltd for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), I are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of I.K.B. Engineering Ltd in accordance with my terms of engagement. My work has been undertaken solely to prepare for your approval the financial statements of I.K.B. Engineering Ltd and state those matters that I have agreed to state to the director of I.K.B. Engineering Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than I.K.B. Engineering Ltd and its director for my work or for this report.

It is your duty to ensure that I.K.B. Engineering Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of I.K.B. Engineering Ltd. You consider that I.K.B. Engineering Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the financial statements of I.K.B. Engineering Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.






Susan Ellison
30 Whitchurch Close
Padgate
Warrington
Cheshire
WA1 4JZ


10 April 2024

I.K.B. Engineering Ltd (Registered number: 04993739)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,049 20,648

CURRENT ASSETS
Debtors 5 14,545 10,148
Cash at bank 33,331 19,782
47,876 29,930
CREDITORS
Amounts falling due within one year 6 37,715 28,594
NET CURRENT ASSETS 10,161 1,336
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,210

21,984

PROVISIONS FOR LIABILITIES 7 4,759 3,923
NET ASSETS 30,451 18,061

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 30,450 18,060
SHAREHOLDERS' FUNDS 30,451 18,061

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

I.K.B. Engineering Ltd (Registered number: 04993739)

Balance Sheet - continued
31 December 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 director and authorised for issue on 10 April 2024 and were signed by:





Ian Kevin Barker - Director


I.K.B. Engineering Ltd (Registered number: 04993739)

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

1. STATUTORY INFORMATION

I.K.B. Engineering 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 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

I.K.B. Engineering Ltd (Registered number: 04993739)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 116,577
Additions 12,752
At 31 December 2023 129,329
DEPRECIATION
At 1 January 2023 95,929
Charge for year 8,351
At 31 December 2023 104,280
NET BOOK VALUE
At 31 December 2023 25,049
At 31 December 2022 20,648

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 340 -
Other debtors 14,205 10,148
14,545 10,148

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 3,414 5,425
Taxation and social security 1,620 48
Other creditors 32,681 23,121
37,715 28,594

7. PROVISIONS FOR LIABILITIES
31/12/23 31/12/22
£    £   
Deferred tax
Accelerated capital allowances 4,759 3,923

I.K.B. Engineering Ltd (Registered number: 04993739)

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

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 3,923
Provided during year 836
Balance at 31 December 2023 4,759

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
1 Ordinary Shares £1 1 1