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REGISTERED NUMBER: 03550656 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Irvins Limited

Irvins Limited (Registered number: 03550656)

Contents of the Financial Statements
for the Year Ended 30 April 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Irvins Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: Mr D T Irvin
Mrs R A Irvin





SECRETARY: Mrs R A Irvin





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: Meadowside
Splash Lane
Wyton
HUNTINGDON
PE28 2AF





REGISTERED NUMBER: 03550656 (England and Wales)

Irvins Limited (Registered number: 03550656)

Balance Sheet
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 56,726 71,335

CURRENT ASSETS
Stocks 1,700 41,198
Debtors 6 13,993 12,668
Cash at bank 32,992 18,146
48,685 72,012
CREDITORS
Amounts falling due within one year 7 93,875 96,734
NET CURRENT LIABILITIES (45,190 ) (24,722 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,536

46,613

PROVISIONS FOR LIABILITIES 11,140 15,694
NET ASSETS 396 30,919

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 296 30,819
SHAREHOLDERS' FUNDS 396 30,919

Irvins Limited (Registered number: 03550656)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 16 January 2024 and were signed on its behalf by:




Mr D T Irvin - Director



Mrs R A Irvin - Director


Irvins Limited (Registered number: 03550656)

Notes to the Financial Statements
for the Year Ended 30 April 2023


1. STATUTORY INFORMATION

Irvins Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going concern
The Directors have assessed the current and future effects of COVID-19 on the Company. The Company was able to continue to trade during the pandemic, on this basis, the Directors consider it appropriate to prepare the financial statements on a going concern basis.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

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.


Irvins Limited (Registered number: 03550656)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 255,221
Additions 34,407
Disposals (58,262 )
At 30 April 2023 231,366
DEPRECIATION
At 1 May 2022 183,886
Charge for year 18,907
Eliminated on disposal (28,153 )
At 30 April 2023 174,640
NET BOOK VALUE
At 30 April 2023 56,726
At 30 April 2022 71,335

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13,993 12,668

Included within other debtors disclosed above is a balance of £10,357 (2022 - £2,992) in relation to prepayments, a balance of £Nil (2022 - £8,572) in relation to tax, and a balance of £3,636 (2022 - £1,104) in relation to the other debtors.

Irvins Limited (Registered number: 03550656)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 11,764 26,294
Taxation and social security 14,606 4,235
Other creditors 67,505 66,205
93,875 96,734

Included within other creditors disclosed above is a balance of £924 (2022 - £1,724) in relation to accruals, a balance of £61,000 (2022- £59,054) in relation to the directors' loan account, a balance of £5,581 (2022 - £3,152) in relation to credit cards, and a balance of £Nil (2022 - £2,275) in relation to other creditors.