1 January 2023 false Taxfiler 2024.5 6555489business:PrivateLimitedCompanyLtd2023-01-012023-12-31 65554892022-12-31 65554892023-01-012023-12-31 6555489business:AuditExemptWithAccountantsReport2023-01-012023-12-31 6555489business:AbridgedAccounts2023-01-012023-12-31 65554892023-12-31 6555489business:Director12023-01-012023-12-31 6555489business:Director22023-01-012023-12-31 6555489business:RegisteredOffice2023-01-012023-12-31 65554892022-12-31 6555489core:WithinOneYear2023-12-31 6555489core:WithinOneYear2022-12-31 6555489core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 6555489core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 6555489core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 6555489core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 6555489core:PreviouslyStatedAmount2023-12-31 6555489core:PreviouslyStatedAmount2022-12-31 6555489business:SmallEntities2023-01-012023-12-31 6555489countries:EnglandWales2023-01-012023-12-31 6555489core:FurnitureFittings2023-01-012023-12-31 6555489core:ComputerEquipment2023-01-012023-12-31 6555489business:OrdinaryShareClass12023-01-012023-12-31 6555489business:OrdinaryShareClass12022-01-012022-12-31 65554892022-01-012022-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 6555489 (England and Wales)
Ibasis Limited Unaudited accounts for the year ended 31 December 2023
Ibasis Limited Unaudited accounts Contents
Page
- 2 -
Ibasis Limited Company Information for the year ended 31 December 2023
Directors
Lee Pilling Colin Ian Judd
Company Number
6555489 (England and Wales)
Registered Office
Regent House Folds Road Bolton BL1 2RZ United Kingdom
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
- 3 -
Ibasis Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
999 
1,519 
Current assets
Debtors
35,113 
1,092 
Cash at bank and in hand
22,513 
25,497 
57,626 
26,589 
Creditors: amounts falling due within one year
(57,874)
(17,999)
Net current (liabilities)/assets
(248)
8,590 
Total assets less current liabilities
751 
10,109 
Provisions for liabilities
Deferred tax
(190)
(289)
Net assets
561 
9,820 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
461 
9,720 
Shareholders' funds
561 
9,820 
For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 24 July 2024 and were signed on its behalf by
Lee Pilling Director Company Registration No. 6555489
- 4 -
Ibasis Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ibasis Limited is a private company, limited by shares, registered in England and Wales, registration number 6555489. The registered office is Regent House, Folds Road, Bolton, BL1 2RZ, 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.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 January 2023
9,507 
At 31 December 2023
9,507 
Depreciation
At 1 January 2023
7,988 
Charge for the year
520 
At 31 December 2023
8,508 
Net book value
At 31 December 2023
999 
At 31 December 2022
1,519 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 5 -