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Company Registration No. 11675402 (England and Wales)
D & A (IBC) Ltd Unaudited accounts for the year ended 31 July 2023
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of D & A (IBC) Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of D & A (IBC) Ltd for the year ended 31 July 2023 as set out on pages 3 - 5 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of D & A (IBC) Ltd, as a body, in accordance with the terms of our engagement letter dated 23 October 2019. Our work has been undertaken solely to prepare for your approval the accounts of D & A (IBC) Ltd and state those matters that we have agreed to state to the Board of Directors of D & A (IBC) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than D & A (IBC) Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that D & A (IBC) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of D & A (IBC) Ltd. You consider that D & A (IBC) Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of D & A (IBC) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Lewis Associates Chartered Certified Accountants 75 Coniston Gardens London NW9 0BA 4 September 2024
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D & A (IBC) Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,179,371 
7,183,751 
Current assets
Debtors
9,034,324 
2,051,061 
Cash at bank and in hand
1,123,220 
1,257,534 
10,157,544 
3,308,595 
Creditors: amounts falling due within one year
(1,666,945)
(5,480,843)
Net current assets/(liabilities)
8,490,599 
(2,172,248)
Total assets less current liabilities
15,669,970 
5,011,503 
Creditors: amounts falling due after more than one year
(15,737,315)
(5,099,625)
Net liabilities
(67,345)
(88,122)
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
(77,345)
(98,122)
Shareholders' funds
(67,345)
(88,122)
For the year ending 31 July 2023 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 4 September 2024 and were signed on its behalf by
Azeem Mohammed Sheriff Director Company Registration No. 11675402
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D & A (IBC) Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
D & A (IBC) Ltd is a private company, limited by shares, registered in England and Wales, registration number 11675402. The registered office is 75 Coniston Gardens, London, NW9 0BA, United Kingdom.
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:
Land & buildings
Nil
Fixtures & fittings
10% per annum
4
Tangible fixed assets
Land & buildings 
Fixtures & fittings 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2022
7,154,982 
41,009 
7,195,991 
Disposals
- 
(310)
(310)
At 31 July 2023
7,154,982 
40,699 
7,195,681 
Depreciation
At 1 August 2022
- 
12,240 
12,240 
Charge for the year
- 
4,070 
4,070 
At 31 July 2023
- 
16,310 
16,310 
Net book value
At 31 July 2023
7,154,982 
24,389 
7,179,371 
At 31 July 2022
7,154,982 
28,769 
7,183,751 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,034,324 
2,051,061 
- 4 -
D & A (IBC) Ltd Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
4,164 
- 
Other creditors
1,662,781 
5,480,843 
1,666,945 
5,480,843 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
4,075,320 
4,075,320 
Amounts owed to group undertakings and other participating interests
11,661,995 
1,024,305 
15,737,315 
5,099,625 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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