Company Registration No. 09517020 (England and Wales)
IASG ACCOUNTANTS LTD
Unaudited accounts
for the year ended 31 March 2024
IASG ACCOUNTANTS LTD
Unaudited accounts
Contents
IASG ACCOUNTANTS LTD
Company Information
for the year ended 31 March 2024
Company Number
09517020 (England and Wales)
Registered Office
C/o NSG & CO
Imperial Place
4 Maxwell Road
Borehamwood
Herts
WD6 1JN
United Kingdom
IASG ACCOUNTANTS LTD
Statement of financial position
as at 31 March 2024
Cash at bank and in hand
3,600
27
Creditors: amounts falling due within one year
(2,191)
(2,933)
Net current assets
20,928
23,744
Total assets less current liabilities
20,928
24,133
Creditors: amounts falling due after more than one year
(19,442)
(22,800)
Called up share capital
100
100
Profit and loss account
1,386
1,233
Shareholders' funds
1,486
1,333
For the year ending 31 March 2024 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 director acknowledges his 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 and authorised for issue on 10 April 2024 and were signed on its behalf by
N Sriganesh
Director
Company Registration No. 09517020
IASG ACCOUNTANTS LTD
Notes to the Accounts
for the year ended 31 March 2024
IASG ACCOUNTANTS LTD is a private company, limited by shares, registered in England and Wales, registration number 09517020. The registered office is C/o NSG & CO, Imperial Place, 4 Maxwell Road, Borehamwood, Herts, WD6 1JN, United Kingdom.
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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
25% Reduced Balance Basis
4
Tangible fixed assets
Computer equipment
IASG ACCOUNTANTS LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Other debtors
12,319
17,500
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,120
2,872
Loans from directors
71
61
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).