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REGISTERED NUMBER: 05542342











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

IAN LLOYD LTD

IAN LLOYD LTD (REGISTERED NUMBER: 05542342)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IAN LLOYD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: I Lloyd
S Lloyd





REGISTERED OFFICE: 10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA





BUSINESS ADDRESS: 6 Plantation Road
Chestfield
Whitstable
Kent
CT5 3LG





REGISTERED NUMBER: 05542342





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

IAN LLOYD LTD (REGISTERED NUMBER: 05542342)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 5 63,391 72,046

CURRENT ASSETS
Debtors 6 212,215 155,867
Cash at bank 310,145 95,316
522,360 251,183
CREDITORS
Amounts falling due within one year 7 (278,027 ) (174,229 )
NET CURRENT ASSETS 244,333 76,954
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,724

149,000

PROVISIONS FOR LIABILITIES 8 (4,747 ) (4,870 )
NET ASSETS 302,977 144,130

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 302,975 144,128
SHAREHOLDERS' FUNDS 302,977 144,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

IAN LLOYD LTD (REGISTERED NUMBER: 05542342)

BALANCE SHEET - continued
31 OCTOBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:





I Lloyd - Director


IAN LLOYD LTD (REGISTERED NUMBER: 05542342)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Ian Lloyd Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from services is recognised when those services are performed.

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.
Office equipment and fittings - at varying rates on cost
Motor vehicles - 15% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

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 3 (2022 - 2 ) .

IAN LLOYD LTD (REGISTERED NUMBER: 05542342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

5. TANGIBLE FIXED ASSETS
Office
equipment
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022 39,049 52,114 91,163
Additions 13,345 - 13,345
Disposals (3,990 ) - (3,990 )
At 31 October 2023 48,404 52,114 100,518
DEPRECIATION
At 1 November 2022 12,371 6,746 19,117
Charge for year 12,476 7,817 20,293
Eliminated on disposal (2,283 ) - (2,283 )
At 31 October 2023 22,564 14,563 37,127
NET BOOK VALUE
At 31 October 2023 25,840 37,551 63,391
At 31 October 2022 26,678 45,368 72,046

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 47,520 -
Other debtors 64 31,562
Directors' loan account 164,631 124,305
212,215 155,867

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 204,134 99,035
Social security and other taxes 68,003 69,976
Other creditors 5,890 5,218
278,027 174,229

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 4,747 4,870

IAN LLOYD LTD (REGISTERED NUMBER: 05542342)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 November 2022 4,870
Provided during year (123 )
Charge/(credit) for the year
Balance at 31 October 2023 4,747

The provision for deferred taxation is made up of accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
I Lloyd
Balance outstanding at start of year 62,152 -
Amounts advanced 82,315 62,152
Amounts repaid (62,152 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,315 62,152

S Lloyd
Balance outstanding at start of year 62,153 -
Amounts advanced 82,316 62,153
Amounts repaid (62,153 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 82,316 62,153