Company Registration No. 6821592 (England and Wales)
IR-ENTERTAINMENT LTD
Unaudited accounts
for the period from 1 March 2023 to 28 February 2024
IR-ENTERTAINMENT LTD
Unaudited accounts
Contents
IR-ENTERTAINMENT LTD
Company Information
for the period from 1 March 2023 to 28 February 2024
Company Number
6821592 (England and Wales)
Registered Office
THIRD FLOOR, KEMP HOUSE
160 CITY ROAD
LONDON
GREATER LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
IR-ENTERTAINMENT LTD
Accountants' report
Accountants' report to the director of IR-ENTERTAINMENT LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the period from 1 March 2023 to 28 February 2024.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the period from 1 March 2023 to 28 February 2024. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
MBS Accountancy Services Ltd
Garden House, 11 Judith Avenue
Knodishall
SAXMUNDHAM
Suffolk
IP17 1UY
21 March 2024
IR-ENTERTAINMENT LTD
Statement of financial position
as at 28 February 2024
Intangible assets
14,808
18,084
Tangible assets
492,402
568,970
Cash at bank and in hand
(25,737)
(14,063)
Creditors: amounts falling due within one year
(282,927)
(117,854)
Net current liabilities
(274,775)
(113,971)
Total assets less current liabilities
232,435
473,083
Creditors: amounts falling due after more than one year
(393,132)
(453,789)
Net (liabilities)/assets
(160,697)
19,294
Called up share capital
112
112
Profit and loss account
(160,809)
19,182
Shareholders' funds
(160,697)
19,294
For the period ending 28 February 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 21 March 2024 and were signed on its behalf by
Lee Perry-Smith
Director
Company Registration No. 6821592
IR-ENTERTAINMENT LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
IR-ENTERTAINMENT LTD is a private company, limited by shares, registered in England and Wales, registration number 6821592. The registered office is THIRD FLOOR, KEMP HOUSE, 160 CITY ROAD, LONDON, GREATER LONDON, EC1V 2NX, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, 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.
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:
Land & buildings
10% straight line
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 28 February 2024
32,769
Charge for the period
3,276
At 28 February 2024
17,961
At 28 February 2024
14,808
At 28 February 2023
18,084
IR-ENTERTAINMENT LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
33,975
1,407,386
14,645
13,611
1,469,617
Additions
-
82,840
-
-
82,840
At 28 February 2024
33,975
1,490,226
14,645
13,611
1,552,457
At 1 March 2023
6,199
872,332
12,691
9,425
900,647
Charge for the period
3,398
154,474
489
1,047
159,408
At 28 February 2024
9,597
1,026,806
13,180
10,472
1,060,055
At 28 February 2024
24,378
463,420
1,465
3,139
492,402
At 28 February 2023
27,776
535,054
1,954
4,186
568,970
Amounts falling due within one year
Other debtors
17,689
17,946
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
60,888
45,843
Trade creditors
57,484
55,610
Taxes and social security
(5,316)
(8,968)
Loans from directors
168,671
24,169
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
212,716
274,096
Other creditors
180,416
179,693
9
Average number of employees
During the period the average number of employees was 1 (2023: 1).