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REGISTERED NUMBER: 07674493 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

IBYD2 LIMITED

IBYD2 LIMITED (REGISTERED NUMBER: 07674493)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


IBYD2 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Ms K E Marshall
Dr S J Wisher





REGISTERED OFFICE: The Croft
47 Wood Lane
Horsley Woodhouse
Ilkeston
Derbyshire
DE7 6BN





REGISTERED NUMBER: 07674493 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

IBYD2 LIMITED (REGISTERED NUMBER: 07674493)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 178 311

CURRENT ASSETS
Debtors 5 90,619 97,225
Cash at bank 118 1,496
90,737 98,721
CREDITORS
Amounts falling due within one year 6 50,266 56,435
NET CURRENT ASSETS 40,471 42,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,649

42,597

PROVISIONS FOR LIABILITIES 34 59
NET ASSETS 40,615 42,538

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 40,575 42,498
SHAREHOLDERS' FUNDS 40,615 42,538

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 directors acknowledge their 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.

IBYD2 LIMITED (REGISTERED NUMBER: 07674493)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:




Ms K E Marshall - Director



Dr S J Wisher - Director


IBYD2 LIMITED (REGISTERED NUMBER: 07674493)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

IBYD2 LIMITED 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

IBYD2 LIMITED (REGISTERED NUMBER: 07674493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 December 2022
and 30 November 2023 1,963
DEPRECIATION
At 1 December 2022 1,652
Charge for year 133
At 30 November 2023 1,785
NET BOOK VALUE
At 30 November 2023 178
At 30 November 2022 311

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 78,058 70,674
Amounts recoverable on contract 4,910 5,073
Directors' current accounts 7,651 21,478
90,619 97,225

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 914 3,218
Tax 513 268
VAT 16,040 16,268
Other creditors 17,402 19,454
Accrued expenses 15,397 17,227
50,266 56,435

IBYD2 LIMITED (REGISTERED NUMBER: 07674493)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
Ms K E Marshall and Dr S J Wisher
Balance outstanding at start of year 21,478 14,709
Amounts advanced 40,300 49,500
Amounts repaid (54,127 ) (42,731 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 7,651 21,478