2023-01-01 11077433 2023-12-31 11077433 2023-01-01 2023-12-31 11077433 2022-12-31 11077433 2022-01-01 2022-12-31 11077433 uk-core:WithinOneYear 2022-12-31 11077433 uk-core:WithinOneYear 2023-12-31 11077433 uk-core:AfterOneYear 2022-12-31 11077433 uk-core:AfterOneYear 2023-12-31 11077433 uk-core:ShareCapital 2023-12-31 11077433 uk-core:ShareCapital 2022-12-31 11077433 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 11077433 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 11077433 uk-bus:Director1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure 11077433 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 11077433 uk-bus:FRS102 2023-01-01 2023-12-31 11077433 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 11077433 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
The Insolvency Practice Limited
Registered Number:11077433
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
The Insolvency Practice Limited
Contents Page
1
Statement of Financial Position
2
Notes to the Financial Statements
3
Registered Number :
11077433
As at 31 December 2023
The Insolvency Practice Limited
Statement of Financial Position
£
£
2022
2023
Notes
Current assets
Trade and other receivables
655,005
646,355
2
1,078
Cash and cash equivalents
637
646,992
656,083
Trade and other payables: amounts falling due within one
year
(345,849)
(345,849)
3
310,234
301,143
Net current assets
Total assets less current liabilities
301,143
310,234
Trade and other payables: amounts falling due after more
than one year
(17,859)
(13,864)
4
287,279
Net assets
292,375
Capital and reserves
Called up share capital
100
100
Retained earnings
287,179
292,275
287,279
292,375
Shareholders' funds
For the year ended 31 December 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 of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Zubeir Patel Director
These financial statements were approved and authorised for issue by the Board on 20 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 December 2023
The Insolvency Practice Limited
Notes to the Financial Statements
Statutory Information
The Insolvency Practice Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 11077433.
Registered address:
Crescent House
Lever Street
Bolton
Lancashire
BL3 6NN
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
2. Trade and other receivables
2022
2023
£
£
Other debtors
646,355
655,005
3. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Other creditors
345,849
345,849
4. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
13,864
17,859
5. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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