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Registered Number: 13505500
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 July 2024

for

IB BUSINESS LIMITED

Directors Bedros Hacheryan
Irina Kostadinova
Registered Number 13505500
Registered Office 10 MULBERRY WALK
DROYLSDEN MANCHESTER
M43 6QH
Accountants Mahendra Bagrecha
Sambhav Management Limited
90 Eastleigh Road
Heald Green
SK8 3EJ
1
  2024   2023
    £ £   £ £
Fixed assets   468      117 
Current assets 16,434      6,276   
Prepayments and accrued income 53      244   
Creditors: amount falling due within one year (2,415)     (776)  
Net current assets   14,072      5,744 
Total assets less current liabilities   14,540      5,861 
Net assets   14,540      5,861 
 

         
Capital and reserves   14,540      5,861 
 
NOTES TO THE ACCOUNTS

General Information
IB BUSINESS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13505500, registration address 10 MULBERRY WALK, DROYLSDEN MANCHESTER, M43 6QH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 25 Straight Line
Computer Equipment 50% Straight Line
2.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 August 2023 156    296    452 
Additions   780    780 
Disposals    
At 31 July 2024 156    1,076    1,232 
Depreciation
At 01 August 2023   296    296 
Charge for year 78    390    468 
On disposals    
At 31 July 2024 78    686    764 
Net book values
Closing balance as at 31 July 2024 78    390    468 
Opening balance as at 01 August 2023 117      117 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).


For the year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 02 September 2024 and were signed on its behalf by:


--------------------------------
Bedros Hacheryan
Director
2