1 February 2023 false No description of principal activity Taxfiler 2024.2 10477019business:PrivateLimitedCompanyLtd2023-02-012024-01-31 104770192023-01-31 104770192023-02-012024-01-31 10477019business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 10477019business:FilletedAccounts2023-02-012024-01-31 104770192024-01-31 10477019business:Director12023-02-012024-01-31 10477019business:Director22023-02-012024-01-31 10477019business:CompanySecretary12023-02-012024-01-31 10477019business:RegisteredOffice2023-02-012024-01-31 104770192023-01-31 10477019core:WithinOneYear2024-01-31 10477019core:WithinOneYear2023-01-31 10477019core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 10477019core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 10477019core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 10477019core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 10477019core:PreviouslyStatedAmount2024-01-31 10477019core:PreviouslyStatedAmount2023-01-31 10477019business:SmallEntities2023-02-012024-01-31 10477019countries:EnglandWales2023-02-012024-01-31 10477019core:ComputerEquipment2023-02-012024-01-31 10477019core:ComputerEquipment2023-01-31 10477019core:ComputerEquipment2024-01-31 104770192022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 10477019 (England and Wales)
Income And Assets Limited Unaudited accounts for the year ended 31 January 2024
Income And Assets Limited Unaudited accounts Contents
Page
- 2 -
Income And Assets Limited Company Information for the year ended 31 January 2024
Directors
Paul Drage Kelly Cox
Secretary
Paul Drage
Company Number
10477019 (England and Wales)
Registered Office
53 Bristol Road Bristol Road CHIPPENHAM SN15 1NT ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
- 3 -
Income And Assets Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Debtors
12,101 
20,561 
Cash at bank and in hand
6,770 
8,153 
18,871 
28,714 
Creditors: amounts falling due within one year
(18,667)
(28,385)
Net current assets
204 
329 
Net assets
204 
329 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
4 
129 
Shareholders' funds
204 
329 
For the year ending 31 January 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 directors acknowledge their 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 of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by
Paul Drage Director Company Registration No. 10477019
- 4 -
Income And Assets Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Income And Assets Limited is a private company, limited by shares, registered in England and Wales, registration number 10477019. The registered office is 53 Bristol Road Bristol Road, CHIPPENHAM, SN15 1NT, 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.
Turnover
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.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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:
Computer equipment
33% Straight Line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,451 
At 31 January 2024
1,451 
Depreciation
At 1 February 2023
1,451 
At 31 January 2024
1,451 
Net book value
At 31 January 2024
- 
- 5 -
Income And Assets Limited Notes to the Accounts for the year ended 31 January 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
10,101 
18,561 
Other debtors
2,000 
2,000 
12,101 
20,561 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
12,019 
13,047 
Loans from directors
6,133 
14,823 
Accruals
515 
515 
18,667 
28,385 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -