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REGISTERED NUMBER: 06798025 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

INDEPENDENT RACK SURVEYS LIMITED

INDEPENDENT RACK SURVEYS LIMITED (REGISTERED NUMBER: 06798025)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDEPENDENT RACK SURVEYS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTOR: A P G Holden





REGISTERED OFFICE: 3 Oxford Street
Hebden Bridge
West Yorkshire
HX7 6LL





REGISTERED NUMBER: 06798025 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

INDEPENDENT RACK SURVEYS LIMITED (REGISTERED NUMBER: 06798025)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 68 134

CURRENT ASSETS
Debtors 5 8,503 3,690
Cash at bank 43,353 47,292
51,856 50,982
CREDITORS
Amounts falling due within one year 6 19,772 16,693
NET CURRENT ASSETS 32,084 34,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,152

34,423

PROVISIONS FOR LIABILITIES 13 25
NET ASSETS 32,139 34,398

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,039 34,298
32,139 34,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 August 2024 and were signed by:





A P G Holden - Director


INDEPENDENT RACK SURVEYS LIMITED (REGISTERED NUMBER: 06798025)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Independent Rack Surveys Limited is a private company, limited by shares , registered in England and Wales. 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

INDEPENDENT RACK SURVEYS LIMITED (REGISTERED NUMBER: 06798025)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 3,628
DEPRECIATION
At 1 February 2023 3,494
Charge for year 66
At 31 January 2024 3,560
NET BOOK VALUE
At 31 January 2024 68
At 31 January 2023 134

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,272 2,574
Prepayments and accrued income 1,231 1,116
8,503 3,690

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 820 473
Tax 890 541
Social security and other taxes 447 447
VAT 1,383 819
Directors' current accounts 15,322 13,543
Accruals and deferred income 910 870
19,772 16,693