IFA INVESTMENT SOLUTIONS LIMITED
Registered number: 06422576
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 416 520
Current assets
Debtors 4 71,000 71,000
Cash at bank and in hand 200 200
71,200 71,200
Creditors: amounts falling due within one year 5 (8,763) (7,996)
Net current assets 62,437 63,204
Total assets less current liabilities 62,853 63,724
Creditors: amounts falling due after more than one year 6 (24,320) (24,320)
Net assets 38,533 39,404
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 37,533 38,404
Shareholders' funds 38,533 39,404
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H. Beaumont
Director
Approved by the board on 29 August 2024
IFA INVESTMENT SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2022 3,965
At 30 November 2023 3,965
Depreciation
At 1 December 2022 3,445
Charge for the year 104
At 30 November 2023 3,549
Net book value
At 30 November 2023 416
At 30 November 2022 520
4 Debtors 2023 2022
£ £
Other debtors 71,000 71,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,040 3,040
Other creditors 5,723 4,956
8,763 7,996
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,320 24,320
7 Other information
IFA INVESTMENT SOLUTIONS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
4 South Walk
West Wickham
Kent
BR4 9JA
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