Registered number
08863724
IRB LOCUMS LTD
Filleted Accounts
31 January 2024
IRB LOCUMS LTD
Registered number: 08863724
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 657 792
Current assets
Debtors 4 2,780 8,471
Cash at bank and in hand 2,235 331
5,015 8,802
Creditors: amounts falling due within one year 5 (7,479) (9,125)
Net Current Liabilities (2,464) (323)
Total assets less current liabilities (1,807) 469
Creditors: amounts falling due after more than one year 6 (2,123) (825)
Net Liabilites (3,930) (356)
Capital and reserves
Called up share capital 4 4
Profit and loss account (3,934) (360)
Shareholders' funds (3,930) (356)
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.
MIRZA AHMED ISHRAQ BAIG
Director
Approved by the board on 27 August 2024
IRB LOCUMS LTD
Notes to the Accounts
for the year ended 31 January 2024
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 (as applied to small entities by section 1A of the standard).
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 1,348
At 31 January 2024 1,348
Depreciation
At 1 February 2023 556
Charge for the year 135
At 31 January 2024 691
Net book value
At 31 January 2024 657
At 31 January 2023 792
4 Debtors 2024 2023
£ £
Trade debtors 2,780 8,471
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 6,819 8,361
Other creditors 660 764
7,479 9,125
6 Creditors: amounts falling due after one year 2024 2023
£ £
Directors Loan 2,123 825
7 Controlling party
The company is fully controlled by the Directors.
8 Other information
IRB LOCUMS LTD is a private company limited by shares and incorporated in England. Its registered office is:
149 SLAITHWAITE ROAD
DEWSBURY
WEST YORKSHIRE
WF12 0AA
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