Company Registration No. SC721858 (Scotland)
Ibanatrotrade Ltd
Unaudited accounts
for the year ended 29 February 2024
Ibanatrotrade Ltd
Unaudited accounts
Contents
Ibanatrotrade Ltd
Company Information
for the year ended 29 February 2024
Company Number
SC721858 (Scotland)
Registered Office
46 Smithfield Crescent
Blairgowrie
PH10 6UE
Accountants
Fraser + Accountants
3 Barossa Place
Perth
Perthshire
PH1 5HG
Ibanatrotrade Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
7,820
10,220
Cash at bank and in hand
3,014
1,754
Creditors: amounts falling due within one year
(37,519)
(27,452)
Net current liabilities
(26,666)
(20,421)
Net liabilities
(18,846)
(10,201)
Called up share capital
1
1
Profit and loss account
(18,847)
(10,202)
Shareholders' funds
(18,846)
(10,201)
For the year ending 29 February 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 director acknowledges his 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 and authorised for issue on 21 August 2024 and were signed on its behalf by
Florin Paven
Director
Company Registration No. SC721858
Ibanatrotrade Ltd
Notes to the Accounts
for the year ended 29 February 2024
Ibanatrotrade Ltd is a private company, limited by shares, registered in Scotland, registration number SC721858. The registered office is 46 Smithfield Crescent, Blairgowrie, PH10 6UE.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 March 2023
9,500
3,869
13,369
At 29 February 2024
9,500
3,869
13,369
At 1 March 2023
2,375
774
3,149
Charge for the year
1,781
619
2,400
At 29 February 2024
4,156
1,393
5,549
At 29 February 2024
5,344
2,476
7,820
At 28 February 2023
7,125
3,095
10,220
Ibanatrotrade Ltd
Notes to the Accounts
for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
260
Other creditors
1,224
5,639
Loans from directors
36,077
20,060
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).