1 March 2023 false No description of principal activity Taxfiler 2024.5 SC721858business:PrivateLimitedCompanyLtd2023-03-012024-02-29 SC7218582023-02-28 SC7218582023-03-012024-02-29 SC721858business:AuditExemptWithAccountantsReport2023-03-012024-02-29 SC721858business:FilletedAccounts2023-03-012024-02-29 SC7218582024-02-29 SC721858business:Director12023-03-012024-02-29 SC721858business:RegisteredOffice2023-03-012024-02-29 SC7218582023-02-28 SC721858core:WithinOneYear2024-02-29 SC721858core:WithinOneYear2023-02-28 SC721858core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 SC721858core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 SC721858core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 SC721858core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 SC721858core:PreviouslyStatedAmount2024-02-29 SC721858core:PreviouslyStatedAmount2023-02-28 SC721858business:SmallEntities2023-03-012024-02-29 SC721858countries:Scotland2023-03-012024-02-29 SC721858core:MotorVehicles2023-03-012024-02-29 SC721858core:FurnitureFittings2023-03-012024-02-29 SC721858core:MotorVehicles2023-02-28 SC721858core:FurnitureFittings2023-02-28 SC721858core:MotorVehicles2024-02-29 SC721858core:FurnitureFittings2024-02-29 SC7218582022-02-022023-02-28 iso4217:GBP xbrli:pure
Company Registration No. SC721858 (Scotland)
Ibanatrotrade Ltd Unaudited accounts for the year ended 29 February 2024
Ibanatrotrade Ltd Unaudited accounts Contents
Page
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Ibanatrotrade Ltd Company Information for the year ended 29 February 2024
Director
Florin Paven
Company Number
SC721858 (Scotland)
Registered Office
46 Smithfield Crescent Blairgowrie PH10 6UE
Accountants
Fraser + Accountants 3 Barossa Place Perth Perthshire PH1 5HG
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Ibanatrotrade Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,820 
10,220 
Current assets
Inventories
7,839 
5,277 
Cash at bank and in hand
3,014 
1,754 
10,853 
7,031 
Creditors: amounts falling due within one year
(37,519)
(27,452)
Net current liabilities
(26,666)
(20,421)
Net liabilities
(18,846)
(10,201)
Capital and reserves
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
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Ibanatrotrade Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 29 February 2024
5,344 
2,476 
7,820 
At 28 February 2023
7,125 
3,095 
10,220 
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Ibanatrotrade Ltd Notes to the Accounts for the year ended 29 February 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(524)
843 
Trade creditors
92 
- 
Taxes and social security
- 
260 
Other creditors
1,224 
5,639 
Loans from directors
36,077 
20,060 
Accruals
650 
650 
37,519 
27,452 
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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