1 April 2023 false No description of principal activity Taxfiler 2024.5 10769674business:PrivateLimitedCompanyLtd2023-04-012024-03-31 107696742023-03-31 107696742023-04-012024-03-31 10769674business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 10769674business:FilletedAccounts2023-04-012024-03-31 107696742024-03-31 10769674business:Director12023-04-012024-03-31 10769674business:Director22023-04-012024-03-31 10769674business:RegisteredOffice2023-04-012024-03-31 107696742023-03-31 10769674core:WithinOneYear2024-03-31 10769674core:WithinOneYear2023-03-31 10769674core:AfterOneYear2024-03-31 10769674core:AfterOneYear2023-03-31 10769674core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10769674core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10769674core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10769674core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10769674core:PreviouslyStatedAmount2024-03-31 10769674core:PreviouslyStatedAmount2023-03-31 10769674business:SmallEntities2023-04-012024-03-31 10769674countries:EnglandWales2023-04-012024-03-31 10769674core:PlantMachinery2023-04-012024-03-31 10769674core:PlantMachinery2023-03-31 10769674core:PlantMachinery2024-03-31 107696742022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10769674 (England and Wales)
IVTANCHEV LIMITED Unaudited accounts for the year ended 31 March 2024
IVTANCHEV LIMITED Unaudited accounts Contents
Page
- 2 -
IVTANCHEV LIMITED Company Information for the year ended 31 March 2024
Directors
MILENA STOYANOVA TANCHEVA IVAN VLADIMIROV TANCHEV
Company Number
10769674 (England and Wales)
Registered Office
7 AVON COURT HARROW ROAD WEMBLEY HA0 2PD ENGLAND
- 3 -
IVTANCHEV LIMITED Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,428 
386 
Current assets
Debtors
11,859 
16,846 
Cash at bank and in hand
289 
1,936 
12,148 
18,782 
Creditors: amounts falling due within one year
(4,724)
(6,838)
Net current assets
7,424 
11,944 
Total assets less current liabilities
8,852 
12,330 
Creditors: amounts falling due after more than one year
(3,000)
(5,400)
Net assets
5,852 
6,930 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
5,850 
6,928 
Shareholders' funds
5,852 
6,930 
For the year ending 31 March 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 15 August 2024 and were signed on its behalf by
MILENA STOYANOVA TANCHEVA Director Company Registration No. 10769674
- 4 -
IVTANCHEV LIMITED Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
IVTANCHEV LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10769674. The registered office is 7 AVON COURT, HARROW ROAD, WEMBLEY, HA0 2PD, 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.
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:
Plant & machinery
20% Straight line
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to wages are credited to profit and loss account, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
- 5 -
IVTANCHEV LIMITED Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,932 
Additions
1,785 
At 31 March 2024
3,717 
Depreciation
At 1 April 2023
1,546 
Charge for the year
743 
At 31 March 2024
2,289 
Net book value
At 31 March 2024
1,428 
At 31 March 2023
386 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
775 
2,288 
Accrued income and prepayments
- 
1,126 
Other debtors
11,084 
13,432 
11,859 
16,846 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,400 
2,400 
Taxes and social security
43 
4,185 
Loans from directors
1,922 
- 
Accruals
359 
253 
4,724 
6,838 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,000 
5,400 
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).
- 6 -