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Company Registration No. 12463060 (England and Wales)
IPSWICH GAS LIMITED Unaudited accounts for the year ended 29 February 2024
IPSWICH GAS LIMITED Unaudited accounts Contents
Page
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IPSWICH GAS LIMITED Company Information for the year ended 29 February 2024
Director
Jason Smith
Company Number
12463060 (England and Wales)
Registered Office
66 Curtis Way Kesgrave Ipswich Suffolk IP5 2FX England
Accountants
CHASE Accountants Limited Unit 57, Basepoint Business Centre 70-72 The Havens Ipswich Suffolk IP3 9BF
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IPSWICH GAS LIMITED Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
332 
332 
Current assets
Debtors
- 
1,378 
Cash at bank and in hand
(90)
98 
(90)
1,476 
Creditors: amounts falling due within one year
27,093 
(533)
Net current assets
27,003 
943 
Net assets
27,335 
1,275 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
27,235 
1,175 
Shareholders' funds
27,335 
1,275 
For the year ending 29 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 10 April 2024 and were signed on its behalf by
Jason Smith Director Company Registration No. 12463060
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IPSWICH GAS LIMITED Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
IPSWICH GAS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12463060. The registered office is 66 Curtis Way, Kesgrave, Ipswich, Suffolk, IP5 2FX, England.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Other tangible fixed assets
Tools
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
332 
At 29 February 2024
332 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
332 
At 28 February 2023
332 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,378 
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IPSWICH GAS LIMITED Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
13,205 
15,041 
Trade creditors
293 
902 
Taxes and social security
6,312 
600 
Other creditors
9,898 
- 
Loans from directors
(56,801)
(16,010)
(27,093)
533 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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