Company registration number 13751882 (England and Wales)
Ibbersons Precision Engineering Ltd
Unaudited
financial statements
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
Ibbersons Precision Engineering Ltd
Contents
Page
Statement of financial position
1
Statement of changes in equity
2
Notes to the financial statements
3 - 4
Ibbersons Precision Engineering Ltd
Statement of financial position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
3
103,040
-
0
Cash at bank and in hand
24,779
1
127,819
1
Creditors: amounts falling due within one year
4
(126,143)
-
0
Net current assets
1,676
1
Capital and reserves
Called up share capital
5
1
1
Profit and loss reserves
1,675
-
0
Total equity
1,676
1

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 31 July 2024
C Ibberson
Director
Company registration number 13751882 (England and Wales)
Ibbersons Precision Engineering Ltd
Statement Of Changes In Equity
for the year ended 30 November 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 18 November 2021
-
0
-
0
-
Period ended 30 November 2022:
Profit and total comprehensive income
-
-
0
-
0
Issue of share capital
5
1
-
1
Balance at 30 November 2022
1
-
0
1
Year ended 30 November 2023:
Profit and total comprehensive income
-
1,675
1,675
Balance at 30 November 2023
1
1,675
1,676
Ibbersons Precision Engineering Ltd
Notes to the financial statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised upon the provision of sales and services.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
8
8
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
97,552
-
0
Other debtors
1,755
-
0
Prepayments and accrued income
3,733
-
0
103,040
-
0
Ibbersons Precision Engineering Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 4 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
25,228
-
0
Corporation tax
481
-
0
Other taxation and social security
7,938
-
0
Other creditors
90,696
-
0
Accruals and deferred income
1,800
-
0
126,143
-
0
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
6
Company information

Ibbersons Precision Engineering Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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