Company Registration No. 12781940 (England and Wales)
Iila and Co Consultancy Limited
Unaudited accounts
for the year ended 31 July 2023
Iila and Co Consultancy Limited
Unaudited accounts
Contents
Iila and Co Consultancy Limited
Company Information
for the year ended 31 July 2023
Company Number
12781940 (England and Wales)
Registered Office
63-66 Hatton Gardens
Fifth Floor, Suite 23
London
EC1N 8LE
England
Accountants
Pearl Accounting Limited
Suite 1
116 Ballards Lane
Finchley
London
N3 2DN
Iila and Co Consultancy Limited
Statement of financial position
as at 31 July 2023
Tangible assets
3,457
5,186
Cash at bank and in hand
1,395
906
Creditors: amounts falling due within one year
(493)
(400)
Net current assets
902
506
Called up share capital
1
1
Profit and loss account
4,358
5,691
Shareholders' funds
4,359
5,692
For the year ending 31 July 2023 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 30 April 2024 and were signed on its behalf by
Ravi Kumar
Director
Company Registration No. 12781940
Iila and Co Consultancy Limited
Notes to the Accounts
for the year ended 31 July 2023
Iila and Co Consultancy Limited is a private company, limited by shares, registered in England and Wales, registration number 12781940. The registered office is 63-66 Hatton Gardens, Fifth Floor, Suite 23, London, EC1N 8LE, 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.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2022
2,627
4,288
6,915
At 31 July 2023
2,627
4,288
6,915
At 1 August 2022
657
1,072
1,729
Charge for the year
657
1,072
1,729
At 31 July 2023
1,314
2,144
3,458
At 31 July 2023
1,313
2,144
3,457
At 31 July 2022
1,970
3,216
5,186
Iila and Co Consultancy Limited
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
118
25
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).