IRIS Accounts Production v24.2.0.383 11077527 director 1.12.22 30.11.23 30.11.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110775272022-11-30110775272023-11-30110775272022-12-012023-11-30110775272021-11-30110775272021-12-012022-11-30110775272022-11-3011077527ns15:EnglandWales2022-12-012023-11-3011077527ns14:PoundSterling2022-12-012023-11-3011077527ns10:Director12022-12-012023-11-3011077527ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3011077527ns10:SmallEntities2022-12-012023-11-3011077527ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3011077527ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3011077527ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3011077527ns10:FullAccounts2022-12-012023-11-3011077527ns10:OrdinaryShareClass12022-12-012023-11-3011077527ns10:RegisteredOffice2022-12-012023-11-3011077527ns5:CurrentFinancialInstruments2023-11-3011077527ns5:CurrentFinancialInstruments2022-11-3011077527ns5:ShareCapital2023-11-3011077527ns5:ShareCapital2022-11-3011077527ns5:RetainedEarningsAccumulatedLosses2023-11-3011077527ns5:RetainedEarningsAccumulatedLosses2022-11-3011077527ns5:PlantMachinery2022-12-012023-11-3011077527ns5:PlantMachinery2022-11-3011077527ns5:PlantMachinery2023-11-3011077527ns5:PlantMachinery2022-11-3011077527ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3011077527ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3011077527ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3011077527ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-11-3011077527ns10:OrdinaryShareClass12023-11-3011077527ns5:RetainedEarningsAccumulatedLosses2022-11-3011077527ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-30
REGISTERED NUMBER: 11077527 (England and Wales)















Ian Frazer Wallace Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2023






Ian Frazer Wallace Ltd (Registered number: 11077527)

Contents of the Financial Statements
for the year ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ian Frazer Wallace Ltd

Company Information
for the year ended 30 November 2023







Director: I F Wallace





Registered office: 3rd Floor
132 Whitechapel Road
London
E1 1JE





Registered number: 11077527 (England and Wales)





Accountants: Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Ian Frazer Wallace Ltd (Registered number: 11077527)

Balance Sheet
30 November 2023

2023 2022
Notes £ £ £ £
Fixed assets
Tangible assets 4 1,794 3,071

Current assets
Debtors 5 6,410 3,491
Cash at bank 18,287 878
24,697 4,369
Creditors
Amounts falling due within one year 6 16,390 4,976
Net current assets/(liabilities) 8,307 (607 )
Total assets less current liabilities 10,101 2,464

Capital and reserves
Called up share capital 7 100 100
Retained earnings 8 10,001 2,364
Shareholders' funds 10,101 2,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 16 August 2024 and were signed by:





I F Wallace - Director


Ian Frazer Wallace Ltd (Registered number: 11077527)

Notes to the Financial Statements
for the year ended 30 November 2023


1. Statutory information

Ian Frazer Wallace Ltd 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.

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 represents amounts receivable for goods provided in the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

The average number of employees during the year was 1 (2022 - 1 ) .

4. Tangible fixed assets
Plant and
machinery
£
Cost
At 1 December 2022 26,712
Additions 2,078
At 30 November 2023 28,790
Depreciation
At 1 December 2022 23,641
Charge for year 3,355
At 30 November 2023 26,996
Net book value
At 30 November 2023 1,794
At 30 November 2022 3,071

Ian Frazer Wallace Ltd (Registered number: 11077527)

Notes to the Financial Statements - continued
for the year ended 30 November 2023


5. Debtors
2023 2022
£ £
Amounts falling due within one year:
Trade debtors 2,766 -
Other debtors 3,644 3,366
6,410 3,366

Amounts falling due after more than one year:
Other debtors - 125

Aggregate amounts 6,410 3,491

6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors 281 129
Taxation and social security 13,402 2,499
Other creditors 2,707 2,348
16,390 4,976

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

8. Reserves
Retained
earnings
£

At 1 December 2022 2,364
Profit for the year 22,637
Dividends (15,000 )
At 30 November 2023 10,001